Gap’s Stores Are Closing – Can Kanye West Turn Its Fortunes Around?
Jun 14, 2021
Gap was a high street megastar in the 90s, with British shoppers lining up to buy into its American casual wear dream of logoed hoodies and jeans. These days the mighty U.S. retailer is in retreat, with the group confirming this week that a quarter of its remaining UK stores will close next month, leaving about 50, amid a review of its European operation. Like other heritage brands built on large store empires at home and abroad, Gap has struggled to stay relevant as powerful new players, such as Zara, H&M and Uniqlo moved in and sales shifted online. Read more at The Guardian.
