Fashion retailer GAP has announced plans to close all 81 of its UK stores as part of its 2023 Power Plan.
In an official statement, it said: “We conducted an extensive evaluation of potential partners for our Gap business in France, Italy, the Republic of Ireland and the United Kingdom. During this process, it became clear that we would likely have a different outcome in each market.
“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.
“Gap has served customers in the United Kingdom since 1987 and the Republic of Ireland since 2006. We are keen to maintain our presence in these markets.”