Gap Closing a Third of all US Stores

Today Gap announced that they are closing one third of their U.S. stores to focus on international growth. Folks, you might have to get those flat front chinos somewhere else. Or maybe you already are and that’s why they have to close all these stores. Shoppers are abandoning Gap’s classic looks for stores with trendier options. The chain expects to remove nearly one million square feet from its Old Navy stores by the end of fiscal year 2013 as well. No word on whether Gap’s upscale store, Banana Republic, will be affected by store closings.

Image via Flickr.

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