Retail stores that are closing in 2020

Is your favorite retailer going out of business this year?

Gap

Credit: Wikimedia Commons / Raysonho

In 2019, Gap Inc. said it planned to close 230 of its namesake stores over the next two years. The company also said at the time that Old Navy would be spun into its own separate business, but had a change of heart early 2020 after suspecting that the costly and complex process of divorcing the brand from its parent company would not outweigh the “appropriate value from separation.”

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