Gap to close all UK and Ireland stores in retreat from Europe

US fashion retailer Gap has confirmed it will close all of its stores in the UK and Ireland, and offload some outlets in Europe as it moves solely online.

The chain plans to close its total of 81 stores in the UK and Ireland “in a phased manner” within the month from the end of August. The shuttering of all UK brick-and-mortar shops widens the scope from the 19 closures in Britain that were announced in June, when Gap decided not to extend some expiring store leases.

It marks a retreat from the continent by Gap, which once had the same UK market share as Primark, as part of a review of its European business that began last year to boost profitability and improve operations following a pandemic-induced battering to retailers.

It is unclear how many employees will be affected, though Gap has said it will soon start a consultation process with staff. Customers will be able to buy its products online once all the stores are closed.

Gap added it is in talks with real estate firm FIB to take over all company-operated stores in France by October. In Italy it is negotiating to sell its locations to an undisclosed partner.

America remains the largest market for Gap's parent company, which also owns brands including Old Navy and Banana Republic. It closed all Banana Republic stores in the UK three years ago.

Reference: Telegraph: Louise Moon