Shopko
After Shopko announced its plan to shutter nearly 70 percent of its locations by May, they eventually announced that the company is closing down for good. The company filed for bankruptcy in January and initially hoped to get a buyer who will save the remaining locations. Unfortunately, this did not work out. The current plan is to liquidate all assets and then close the rest of the stores by June.
Shopko
Gap
Gap Inc. will shut down around 230 of its stores, which makes up nearly half of its branches, all over the world in the following two years. The corporation plans to turn Old Navy, its sister company, into a separate business because it is doing far better than both Gap and Banana Republic in terms of sales. The Gap Stores that remain open, together with Athleta, Banana Republic, Hill City, and Intermix, will start to operate under NewCo.
Gap
