Shrinking Gap

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In response to a drop in sales and profits, clothing retailer Gap announced 100 store closings. It was not stated which of their brands, which include Banana Republic and Old Navy, would be affected by the closings.

This amount of store closings is not high; Gap actually closed 119 stores in 2008. But the net loss of 50 doors is a contrast to last year's 18-store increase.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on February 28, 2009 6:18 PM.

Iridesse closing was the previous entry in this blog.

Update: all Virgin Megastores closing is the next entry in this blog.

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