Gap"s woes continue as retail giant plans closure of a fifth of U.S. stores – but will triple number of outlets in China


Gap”s woes continue as retail giant plans closure of a fifth of U.S. stores – but will triple number of outlets in China

8:53 PM on 14th October 2011

Walk on by: Struggling with falling sales, Gap has announced that it plans to close a fifth of its U.S. stores, echoing the larger financial picture across the nation. Potential customers in Chicago stride past one of its stores

Walk on by: Struggling with falling sales, Gap has announced that it plans to close a fifth of its U.S. stores, echoing the larger financial picture across the nation. Potential customers in Chicago stride past one of its stores

Deal: President Obama embraces South Korean President Lee Myung-bak as they visit GM

Deal: President Obama embraces South Korean President Lee Myung-bak as they visit GM”s Orion plant. The trade agreement will see the creation of thousands of jobs – while Gap”s downturn will see many roles lost in the retail sector

Fashion week fail: Its recent s/s 2012 show in New York failed to impress fashion insiders though the stores desperately need a boost in the U.S. The chain

Fashion week fail: Its recent s/s 2012 show in New York failed to impress fashion insiders though the stores desperately need a boost in the U.S. The chain”s footprint in China is rapidly growing