Gap is planning to close 175 stores so it can focus on high-performing locations, the company announced Monday.
About a quarter of its stores will be shuttered under this move, and 250 headquarters jobs will also be cut, USA Today reports. The retailer is still deciding which locations, including some in Europe, will be closed, but outlet and factory stores will not be affected. The company expects to shut down about 140 stores this year, and will continue to operate 500 Gap stores and 300 outlets.
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