ðŸ‡¬ðŸ‡§

Gap Announces Store Closures In Next Two Years

Credit: Wochit Business
Published on February 28, 2019 - Duration: 00:32s

Gap Announces Store Closures In Next Two Years

Gap announced it will close 230 of its stores over the next two years.

The company also revealed that sales fell 7 percent during the holiday quarter.

According to Business Insider, the closings are a part of a restructuring plan.

Gap said it would close about 130 stores in 2019.

The company estimates an annualized sales loss of about $625 million because of the store closures.

Advertisement

Gap Announces Store Closures In Next Two Years

MAY 14, 2014, FILE PHOTO MONDAY, AUG.

31, 2017, PHOTO

You are here

Recent related videos from verified sources

Ideal Home Loans- Lowest Interest Rates In Two Years 04:44
Credit: 7News - The Denver Channel - Published 8 hours ago 

Search continues for missing North Fort Myers mom after more than two years 00:32
Credit: FOX 4 Now Florida - Published 4 days ago 

Hilarious cockatoos have a party in the parking lot 00:27
Credit: Rumble Studio - Published 4 days ago 

TV Measurement Can Restore Ad Spend Growth: NCC’s Ivins 05:42
Credit: BeetTV - Affiliate - Published 5 days ago 

You might like