High street retailer Gap set to axe 19 UK and Ireland stores
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Gap has said it plans to close 19 stores in the UK and Ireland next month as part of a shake-up aimed to return the brand to growth.
The US-based retailer said it is proposing to close the shops when their leases end in July.
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At a glance: 5 key points
- Gap has not clarified how many jobs will be impacted
- The retailer has also not disclosed which of its stores will shut
- It said the decision will leave it with around 50 other standalone and outlet stores, although the group said it is continuing to assess its current portfolio as part of a strategic review it started last year
- The company said on Wednesday that it is “keen to maintain a presence in Europe” – but this could include greater focus on its online sales
What’s been said
“We are proposing to close 19 Gap stores in the United Kingdom and the Republic of Ireland that have leases ending at the end of July 2021.
“These leases are not being extended due to the strategic review that we have under way.”
A spokeswoman for Gap
It follows the collapse of Debenhams which closed its doors for the final time on 15 May after a 243-year reign on the high street.
Major fashion rival Topshop also shut after tumbling into administration following the impact of the pandemic.
Gap was among non-essential retailers to reopen their UK stores from April 12.
Additional reporting by PA.