Roughly 200 Gap and Banana Republic Stores to Close
Will the remaining stores in the Hudson Valley survive?
Gap Inc. announced Wednesday, that they plan on closing about 200 Gap and Banana Republic stores to focus on their growing brands: Old Navy and Athleta.
To support thier growth strategy, Gap Inc. will be shifting their focus to where customers are shopping.
Old Navy is expected to exceed $10 billion in sales in the next few years, while Athleta is expected to exceed $1 billion in sales.
Over the next three years, the company to close about 200 Gap and Banana Republic stores, and open about 270 Old Navy and Athleta stores during the same period.
Will the remaining stores here in the Hudson Valley stick around or get the axe?