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Gap Inc. Plans More Store Closings As It Scrambles To Pivot Away From Unprofitable Brands

Iconic Retailer Chases Accelerating E-Commerce Growth, Retools Its Real Estate Portfolio
Gap Inc. closed 230 Gap and Banana Republic stores in 2020, with more set to shut this year. (Getty Images)
Gap Inc. closed 230 Gap and Banana Republic stores in 2020, with more set to shut this year. (Getty Images)
CoStar News
March 5, 2021 | 12:38 AM

Permanent store closings are expected to be a cornerstone of Gap Inc.'s plans for the coming years, putting more vacant retail space on the market as the iconic retailer reduces its real estate and shifts its focus to online growth.

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News | Gap Inc. Plans More Store Closings As It Scrambles To Pivot Away From Unprofitable Brands