Gap plans to close all operations in Europe in 2021

Gap considers closing the European stores,

Affected by the economic crisis, the American fashion giant plans to remain in the old continent only with the franchise,reaching customers in 35 countries with more than 400 stores and 14 e-commerce sites

The pandemic is also putting a strain on Gap. the American fashion giant announced in a company note its intention to cease all activities in Europe,planning to close businesses in the UK, France, Ireland and Italy at the end of the second quarter of 2021.In addition, the company is currently reviewing the distribution model and e-shop owned by the company and Banana Republic in Europe,with possible result the closure of the EU sorting center in Rugby.

Photo Internet News

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