Shopko
With the hope that a buyer would help save Shopko’s remaining stores, in January, they filed for bankruptcy. Shopko announced that it would be closing all stores permanently despite previously announcing it would only close roughly 70 percent by May. They now plan to get rid of its merchandise, liquidate and shut down all locations by June this year as they sadly, were unable to find a buyer.
Shopko
Gap
Old Navy, which is Gap’s sister company, has consistently outdone both the Banana Republic and Gap in sales. Because of this around 230 Gap stores will close within the next two years, which is half of the total number of its locations, in order to improve Old Navy has its own business. The new name will continue operations with stores such as Athleta, Hill City, Banana Republic, Intermix and Gap which are currently still open.
Gap
