Skip to comments.Gap to shutter a third of US stores, expand globally
Posted on 10/15/2011 10:18:43 PM PDT by RobertClark
Gap, ubiquitous in malls across America, will reduce the number of its U.S. stores to 700 by 2013, a 34 percent decline from 2007, the company announced Thursday.
Although it is shrinking its retail footprint in the U.S., the company announced it is expanding Gap and Banana Republic stores in China, Italy and South America. It is planning on tripling its Gap stores in greater China from roughly 15 at the end of this year to about 45 by the end of 2012, according to the press release.
Another one of its brands, Old Navy, will make its debut outside of the United States in 2014, with an outlet in Japan.
The company would not estimate the number of U.S. jobs that will be eliminated.
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It as 20% of the stores yesterday
Brain dead liberal (redundant) protestor
The “99%ers” haven’t bought new clothes in a few months...
GAP has lost it’s appeal.
As far as jeans go, I wear Diesel as well as Rock & Republic (hard to find). Both jeans range in the mid 200’s but I get deals on E-Bay.
“Both jeans range in the mid 200s”
Wait... 200, as in 200 dollars?
All those well heeled folks cheering on the scum in the streets will now have to shift from relaxed wardrobe to conspicuously expensive wardrobe and not expensive "street people" duds. Naturally, the crowd who wants to prove they're hip will do the same so we'll be seeing the "right crowd" swing towards a more civilized appearance any time now. Not that they'll change their attitude in any way, they'll just adopt different attire like styles from "Mad Men" or some other recently fictionalized bygone era when people didn't go everywhere in their pajamas and flip flops.
On the other hand, I could be wrong. Things may just continue downhill until most people go shopping in their stained boxer shorts or elephant sized bikini panties (day of the week imprint optional). I remember when you could do a bit of innocent girl watching at any mall because people cared how they looked. Now you have to keep your eyes on the floor as much as possible to avoid all the punctured, tattooed, tattered, tubby, twits, toddling through. And that's if you can find a decent mall that still has any traffic.
Hollister and AE compete directly with Old Navy, not Gap. I think Gap is against A&F.
GAP - going where the people actually have some money to make a purchase.
Wait until the left’s Occupy-Wall-Street gets their anti-business agenda rolling full speed here in the USA.
GAP has been selling overpriced low-quality clothing for a while now. I regularly get GAP gift card from a relative that works there and can’t find anything worth buying. Any department store, even Wal-Mart, will have better quality and selection at a lower price.
Oh, it also doesn’t help that kids have nicknamed GAP “Gay And Proud”
Oddly enough, I saw one of the occupy youts wearing a waistcoat on one of the news programs.
Maybe if the Gap produced decent clothes they may be doing better.
As it is they have crap.
Yep as in $200
Rock & Republic
Diesel (Made in Italy)