Banana Republic
Gap Inc. also owns Banana Republic, which will close several stores. By 2023, the firm plans to close 130 Banana Republic locations. Furthermore, between Banana Republic and Gap, the firm would close 350 stores, accounting for about one-third of its North American locations.
Carter’s
Carter’s is now permanently closing hundreds of shops, with contracts for those locations scheduled to expire in the coming months. The children’s clothing and accessories company revealed intentions to shut over 200 stores in October 2020, with around 60% of those locations expected to retire by the end of 2021. The present locations will close by the end of 2022.