Toronto’s Yorkville Neighbourhood Is Saying Goodbye To So Many Gap-Owned Stores
One Toronto area is saying goodbye to multiple Gap-owned stores this week.
The neighbourhood of Yorkville is bidding farewell to two retail locations and it will reportedly be the first time in two decades that Bloor Street will have no Gap shops, according to Retail Insider.
We are confident these closures will help strengthen the health of our company moving forward.
Per the report, the stores' signs were removed from buildings in Toronto's Mink Mile. The location at 60 Bloor Street West's Gap logo was taken down this week.
Later on Wednesday, the sign at the Gap-owned 'Intermix', seen at 130 Bloor Street West, was also removed making it the very first time in over 20 years that no Gap will be present on Bloor Street the report said.
This comes after a Banana Republic, owned by the company, shut down on that street in October.
The location at 60 Bloor opened its doors in 1999. The Intermix opened in 2011 and was bought by Gap in 2012.
In December 2020, a spokesperson for the company told Retail Insider that the move is in a bid to 'adapt to the changing needs of our customer and growth of our online business."
"We are looking thoughtfully at our real estate to support the best path forward. As a result, we are closing a number of stores across the Gap Inc," they said.