These Stores Are Ending Their Empire Soon, Find Out Why

Published on 07/17/2021
ADVERTISEMENT

Banana Republic

Gap was the parent company of Banana Republic, and the company started to prepare for its closure. The Banana Republic would cease the operations of 130 stores on or before 2023, and together with Gap, the chain would shut down an estimated 350 stores equivalent to a third of its North American branches.

Banana Republic

Banana Republic

ADVERTISEMENT

Carter’s

Carter’s officially announced the closure of hundreds of its stores due to lease expirations. Carter’s was a children’s clothes and accessories company that planned to shut down more than two hundred branches, and 60% of them would cease operations on or before December 31, 2021. The other stores would shut down on December 31, 2022.

Carter’s

Carter’s

ADVERTISEMENT