The Gap May Be The Next Store To Disappear From Canadian Malls

Old Navy is still doing well, though.
The Gap May Be The Next Store To Disappear From Canadian Malls
Yujie Chen | Dreamstime
Contributor

Canadians may be saying goodbye to yet another store in their local shopping centre, as Gap Canada mall locations continue to be scaled back.

Retail Insider reports that the clothing company has already been closing stores across the country as it re-examines its real estate strategy.

It is looking to both boost its online sales to about 50% of its revenue, and also operate 80% of its locations in strip malls and outlet centres, as well as downtown areas by 2023.

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About 500 Stores closed across North America since 2010

Despite these closures, one of the brands under the Gap umbrella is still doing quite well: Old Navy.

The company plans to expand on that particular arm of its business by opening more stores in Canada within the next three years.

Early in 2021, the Gap will be launching a partnership with Kanye West.

A number of other stores in Canada have had to close store locations as retail sales have dropped.

This includes businesses like Le Château, Pier 1, and Mendocino.

CanadaNews
  • Colin Leggett
    Colin Leggett was a Contributing Editor with Narcity Canada. He wrote on the national news team for over a year and contributed to coverage of the 2019 Canadian Federal Election, as well as the 2020 COVID-19 pandemic. Colin has a Bachelor's Degree in Communications and Cultural Theory from McMaster University, as well as a graduate certificate in Television Writing and Producing from Humber College. He is an avid consumer of politics and pop culture, having written about everything from food to television to Canada-U.S. relations.

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