Iconic retailer Gap Inc. said it would close 350 stores by 2023 across its namesake and Banana Republic brands, a decision that is expected to reduce its mall-based locations by an estimated 80%.
Gap Inc. to Close 350 Stores by 2023 as Clothing Retailer Retools Real Estate Footprint
Iconic Retailer to Vacate 80% of Mall-Based Locations in Shift to Accelerated E-Commerce Growth
By Katie Burke
CoStar News
October 22, 2020 | 7:37 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Flood Bldg
870 Market St, San Francisco, CA
- One Embarcadero Center
One Embarcadero Ctr, San Francisco, CA
- Stonestown Galleria
3251 20th Ave, San Francisco, CA
- Companies
- The Gap, Inc.
Retailer