Gap Retreats from the United Kingdom, Ireland

by | Jul 5, 2021 | Conversation Starters | 0 comments

Blaming “market dynamics,” Gap is closing all its stores in the United Kingdom and Ireland, switching to an online-only approach following a strategic review of its European business. That review also resulted in plans to sell its stores in France and Italy.

In October, the retailer announced that it would close nearly a third of its stores in North America after months of the coronavirus pandemic hammered its business at home and abroad.

Gap opened in London in 1987, marking its first expansion outside the United States. It has been present in Ireland since 2006.

Read the full story at CNN Business.

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