Banana Republic
Several Banana Republic locations will close, which are also owned by Gap Inc. By 2023, the business intends to close 130 Banana Republic outlets. The chain would close 350 stores, or approximately a third of its North American outlets, between Banana Republic and Gap.
Carter’s
While their leases expire in the coming months, Carter’s has opted to close hundreds of locations indefinitely. The children’s clothes and accessories retailer revealed intentions to liquidate roughly 200 stores in October 2020, with about 60% of those sites closing by the end of 2021. The stores that are now open will close at the end of 2022.