Banana Republic
It’s worth mentioning that Gap Inc. owns the Banana Republic, which is closing a number of locations. According to the corporation, Banana Republic outlets across the country will close by 2023. As a result of the merger with Gap, around one-third of Banana Republic’s North American locations will close.
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.