Gap Considers Closing Hundreds of Stores ‘With Urgency’

Black Friday 2018 could be the last one for hundreds of Gap stores at malls around the country.

Art Peek, CEO of Gap Inc., says the retailer is considering the shutdown of hundreds of underperforming stores “with urgency”. Included among those are some of Gap’s “flagship” locations.

“There are hundreds of other stores that likely don’t fit our vision for the future of Gap brand specialty store, whether in terms of profitability, customer experience, traffic trends,” Peck said...

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