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Gap to Slash More Stores, Cut Jobs
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Gap stores have experienced steadily declining sales with a failure to keep up with fashion trends and earlier overexpansion. Gap plans to close a fourth of its stores. 175 store closings are planned, with 140 by 2016. Most of the stores closed are in less desirable mall locations. Gap will continue to operate its outlet stores.
Gap Inc. performance
06/24/2010
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Gap Inc. downsizing- with sharply declining sales Gap's plans to close about a fourth of its stores by 2016
06/15/2015
Gap retail stores have failed to keep up with fashion trends and are experiencing steadily declining sales. By 2016 Gap plans to close 140 stores. In the following year 35 stores. Gap plans to close stores in less desirable mall locations and keep the outlet stores. Gap stores was once the leading retail brand in America with a surge in store locations.
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Gap Inc. strategies
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Gap CEO Glenn Murphy to Step Down Feb. 1
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