Banana Republic
Several Banana Republic stores, which are also owned by Gap Inc., will close. The company expects to close 130 Banana Republic stores by 2023. Between the Banana Republic and Gap, the chain will close 350 stores, accounting for around a third of its North American locations.
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Carter’s
Carter’s has decided to close hundreds of stores permanently as their leases expire in the coming months. In October 2020, the children’s apparel and accessories retailer announced plans to shutter approximately 200 stores, with around 60% of those outlets scheduled to close by the end of 2021. The current shops will close at the end of 2022.