Gap to shut all Banana Republic stores in Britain

Gap to shut all Banana Republic stores in Britain


is to close all its stores in the UK as the ailing fashion retailer focuses on North America to revive its sales.

Gap Inc recently reported a three per cent decline in comparable sales for August, with Banana Republic falling 10 per cent

The company said it expected to close the majority of the eight UK stores by the end of this year, a Gap spokeswoman told Reuters.

The majority of closures will take place by the end of January, though the apparel maker will continue to serve British customers through a dedicated Banana Republic website.

READ MORE: Banana Republic to open first store in India

Gap – which has been struggling to draw shoppers who now turn to fast-fashion retailers such as , and ’s for cheaper and trendier clothes – said in May that it would shut 75 Old Navy and Banana Republic stores overseas “in order to sharpen its focus on geographies with the greatest potential”.

The retailer has also decided to shutter all 53 stores in Japan in 2016.

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