Say Farewell To These Stores That Are Planning To Shut Down This Year

Gap

Gap, Inc. plans to shut down around 230 stores, which is about half of its total locations. The company plans to revamp Old Navy instead since it is doing far better than other in-house brands like Gap and Banana Republic. The parent company has been renamed to NewCo.

Gap

H&M

Will H&M still be a mall staple after the end of the year? The Swedish retailer plans to close 160 locations to optimize business operations. This happened after it struggled across the country. The company wants to open 355 new stores all over the globe this year but not in Europe and the U.S.

H&M