Shopko
After Shopko revealed its plan to close about 70% of its stores by May, Shopko reversed its statement that it would shut all of its stores for good. In January, Shopko filed for bankruptcy and hoped that the bidder would help save his remaining stores. Unfortunately, they didn’t find a bidder, so now they’re trying to get rid of their products and liquidate and close all stores by June of this year.
Shopko
Gap
In the next two years, Gap Inc. will close about 230 of its stores around the world-about half of the overall number of its outlets. The company wants to renovate the Old Navy, the sister company of Gap, as a separate corporation. That is because both the Banana Republic and Distance have been consistently outstripped by the Old Navy in revenue. Stores that are now operating, such as Intermix, Athlete, Hill City, Banana Republic, and Gap stores, will continue to run under NewCo, their new brand.
Gap
