Large Corporations Are Shutting Down Their Stores Throughout The Country

Banana Republic

Gap Inc. also owns the Banana Republic, which will shut numerous locations. The company intends to shut 130 Banana Republic shops by 2023. In addition, between the Banana Republic and Gap, the company would shut 350 shops, accounting for about one-third of its North American branches.

Banana Republic

Carter’s

Carter’s is now shutting hundreds of stores indefinitely, with contracts for those sites set to expire in the coming months. The children’s apparel and accessory retailer announced plans to shut over 200 shops in October 2020, with about 60% of those sites anticipated to close by the end of 2021. The current stores will shut at the end of 2022.

Carter’s