Gap to close 19 stores in UK and Ireland Business News

Gap announced the closure of 19 stores in the UK and Ireland this year after reporting losses of £ 740million in just three months.

The clothing chain becomes the last retailer to permanently close sites during the coronavirus pandemic which severely affected sales.

Gap did not say how many jobs would be affected.

In a statement, Gap said, “We believe in the power of the Gap brand internationally. Through a strategic review initiated last fall, we are assessing our operating model in Europe.

“We want to maintain a presence in Europe. As we continue to look at different operating models for our UK business and ROI, customers can continue to buy Gap online or at any of our 50+ other Gap stores.

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This notice was published: 2021-06-09 12:05:16

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