Find out why they have to close.
to close more than 225 Gap and Banana Republic stores in 2020, Business Insider reported at the time.
According to the news outlet, there were 1,216 total Gap and Banana Republic locations in the U.S. and Canada in 2019. But by the end of 2023, there are expected to be 870 stores left. As of June 15, at least 103 Banana Republic stores have been shut down since the beginning of 2020, according to data from Gap.Both the soon-to-be shuttered Banana Republic stores in Midland and Winnipeg are located in shopping malls.
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