Gap to close 175 stores, cut 250 headquarters jobs

A Gap store in Manhattan.
(Image credit: Chris Hondros/Getty Images)

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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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.