Shopko
Shopko had initially announced that it would close 70 percent of its stores this year but later came forward to say they will be closing all of them. Sadly, in January, Shopko filed for bankruptcy and was on the lookout for a buyer to step forward and buy out the remaining stores, but that effort was futile. As such, they have announced that by the end of June, they will be closing all their doors.
Shopko
Gap
By the next two years, Gap will be closing more than half their locations (average 230 stores) globally. The reason for the closure came as a result of poor sales on the brand and the renewed focus for Old Navy, a sister brand that is doing much better to be resurfaced. A few of their popular stores will remain open like Banana Republic, Hill City, Athleta, and Intermix but under a new name – NewCo.
Gap
