Banana Republic to close UK and EU webstores next month
The end of May will see the final exit of GapBanana Republic
The retailer, which sells womenswear and menswear, has around 700 stores in total globally. Within this it operates a number of franchised stores in 20 countries and has an online business serving many more geographies.
But with the UK and EU websites set to close, the company has launched a 60% off everything “customer appreciation” sale.
It’s a sad end to what had been an ambitious expansion plan in Europe for Gap’s premium brand and also reflects the overall problems for its parent company outside of its core markets.
All Gap stores were closed in the UK and Ireland last year, although Next