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Gap Set to Close Hundreds of Stores CEO Says Are “Dragging Down the Brand”

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Gap will be the latest retailer to cut a slew of stores lacking in the performance department. During a third quarter earnings call Tuesday, Gap Inc. CEO Art Peck said the company will start eliminating underperforming stores in a move he called “overdue.” Starting the call on a high, Peck extolled the well-performing functions of…

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