Gap to close all stores in latest blow to high street
Gap in Princes Street, Edinburgh
Fashion chain Gap has dealt another blow to beleaguered high streets by announcing the closure of all 81 of its stores in Britain and Ireland.
The US-owned chain will begin the shutdown in August and will focus its business around an online-only operation.
Gap blamed “market dynamics” and offered to assist staff affected.
A statement read: “In the United Kingdom and Europe, we are going to maintain our Gap online business.
“The e-commerce business continues to grow and we want to meet our customers where they are shopping. We’re becoming a digital first business and we’re looking for a partner to help drive our online business.
“However, due to market dynamics in the United Kingdom and the Republic of Ireland, we shared with our team today that we are proposing to close all company-operated Gap Specialty and Gap Outlet stores in the United Kingdom and Republic of Ireland in a phased manner from the end of August through the end of September 2021.
“We are thoughtfully moving through the consultation process with our European team, and we will provide support and transition assistance for our colleagues as we look to wind down stores.”