Gap Will Close 175 Stores And Eliminate 250 Jobs, Hoping For Turnaround

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Gap has been struggling recently to get people in their doors. Their sales have gone down, they’ve had a revolving door of executives, and their clothing is well, uninspiring. What was once a redefining brand in the 1990’s consumer culture has lost its touch.

The company announced that it will be closing 175 (roughly one-quarter) of it’s stores in the United States and eliminating 250 corporate jobs. Although they did not specify how many store employees will be let go, there are 141,000 full-time and part-time employees worldwide.

TBH, it’s not exactly surprising. I mean, when was the last time you heard someone say they wanted to go to Gap? Hopefully this plan works or else this 90’s icon could disappear forever.

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