Shopko
After Shopko announced its intent to close around 70 percent of its stores by May, it changed its announcement by that it would be closing all its stores for good. In January, Shopko filed for bankruptcy and was hoping for a buyer to help salvage its remaining stores. Unfortunately, it didn’t find a buyer and it now plans to get rid of its merchandise to liquidate and close all locations by June of this year.
Shopko
Gap
In the next two years, Gap Inc. will close approximately 230 of its stores – around half of the total number of its locations – around the world. The company wants to revamp Old Navy, Gap’s sister company, as a separate business. This is because Old Navy has continuously outdone both Banana Republic and Gap in sales. The stores which are still open like Intermix, Athleta, Hill City, Banana Republic, and Gap stores will continue their operations as NewCo, their new name.
Gap
