Find in the news:
BY COUNTRY

Gap is closing its flagship store forever



One of the company's largest retail stores is permanently out of business.
Gap Logotype from Media Center

Faced with considerable difficulties due to the pandemic, Gap has been making every effort in recent months to stay afloat. The company has been negotiating with landlords to defer or reduce rents and has even taken the unprecedented step of refusing to pay rent for quarantine shops in North America. At the same time, the company recognized that if there were no agreements with the landlords, some Gap and Banana Republic stores could be closed permanently. 

It has now become known that several stores in San Francisco, the city where the retailer's headquarters are located and where the first store of the brand was opened in 1969, have ceased to operate. 

It has been officially confirmed that the flagship Gap store in San Francisco, located at 890 Market Street, will remain closed. The retail outlet at Three Embarcadero Center is also closing down. It is not the first news of its kind from the company - last month two large stores closed in the city.

The company's official position is that the retailer is focusing on growing online businesses and that offline stores will be closed to "adapt to changing customer needs." The company reports that in addition to Gap stores, retail outlets from other brands in the city will no longer be closed. The Old Navy, Banana Republic and Athleta stores in San Francisco will continue to operate as usual for the time being. 

More about shopping malls in the USA



YESTERDAY, USA:
Simon Property Group has reported 80% revenue growth compared to June 2020.
YESTERDAY, USA:
The introduction of a tax would address several issues related to the growing consumption of animal meat.
Jul 29, 2021, USA:
Tesla stores are leaving mallsThe electric car maker is taking another blow to the position of malls that are losing tenants one-by-one.
Jul 29, 2021, Estonia:
The initial value of the 55,000 sq.m. complex is €85 million.
Jul 28, 2021, United Kingdom:
Two years after Philip Morris announced its plans to expand the British chain, it has become known of its intention to close it completely.
Jul 28, 2021:
Those who have not been vaccinated will not access public spaces, such as government offices, restaurants, and shopping malls.
Friend
and Follow
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us