Flu.Watch - Influenza News and Updates
Reports on the Coronavirus and Influenza Around the World
  • Home
  • Updates
Navigation:Main Page > Updates > More than 225 Gap and Banana Republic stores will close this year

Breaking News

U.K. gets approval to infect healthy volunteers in world’s first coronavirus challenge trial
Belgian schools are open. But teachers, left off the vaccine priority list, are rethinking the risks.
First coronavirus vaccines arrive in Gaza Strip following blockage by Israel
As Russia and China seek to boost their global influence, analysts warn vaccine diplomacy is here to stay

Updates

More than 225 Gap and Banana Republic stores will close this year

EditorBusiness InsiderAugust 28, 2020

  • Gap Inc. is closing more than 225 Gap and Banana Republic stores this year, it said in its earnings release on Thursday.
  • The company was already planning on closing a number of stores this year, but the 225 figure is larger than originally planned.
  • Gap’s net sales were down 28% for the quarter, while Banana Republic’s net sales were down 52%.
  • Visit Business Insider’s homepage for more stories.

Gap Inc. said in its quarterly earnings release on Thursday that it expects to close more than 225 Gap and Banana Republic stores globally this year, with more closures to come in 2021.

As of August 1, there were 1,643 Gap and Banana Republic stores. The 225 closures are net of new store openings. A number of these stores have already closed for good.

In total, Gap Inc. operates 3,814 store locations in 42 countries, including stores under the Gap, Banana Republic, Old Navy, Athleta, and Janie and Jack brands.

Executives said on the earnings call that since the closures are affecting the Gap and Banana Republic brands, many of the shuttering stores are located in malls.

They said the company would provide more details during a virtual investor meeting on …continued .
[Source: Business Insider]

Related Posts

U.K

Updates /

U.K. gets approval to infect healthy volunteers in world’s first coronavirus challenge trial

Belgian schools are open. But teachers, left off the vaccine priority list, are rethinking the risks.

Updates /

Belgian schools are open. But teachers, left off the vaccine priority list, are rethinking the risks.

First coronavirus vaccines arrive in Gaza Strip following blockage by Israel

Updates /

First coronavirus vaccines arrive in Gaza Strip following blockage by Israel

‹ Does a face mask protect me, or just the people around me?› Trump to announce $750 million deal with Abbott for at least 150 million rapid coronavirus tests
March 2021
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
293031 
« Feb  

Flu Watch Monthly Archives

  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020

Browse by Popular Tag

Business InsiderBuzzFeedCBS NewsCenters for Disease Control and PreventionCNBCCNNFox NewsHuffington PostNew York TimesThe GuardianWashington PostWorld Health OrganizationYahoo News

Back to Top

  • Main Page
  • Updates
  • DMCA / Copyright
(c) 2020 Flu.Watch