American fashion chain Gap is considering closing all of its European stores and operating in the region purely through partnerships, potentially putting hundreds of jobs at risk.
The retailer, which currently has 129 stores spread across Europe, including 70 in the UK and a further 4 in Ireland, said it now wanted to focus operations in the region through physical and online partnerships, according to the Guardian.
Gap currently has 158 franchise stores throughout the continent, alongside its own physical store estate, which it said would be the focus moving forward. “As we conduct the review, we will look at transferring elements of the business to interested third parties as part of a proposed partnership model expansion,” Gap’s head of global operations, Mark Breitbard, said.
The move comes less than two years after Gap closed all of its Banana Republic stores in the UK.
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