These Big Stores Are About To Shut Down This Year And Here’s Why

Banana Republic

Several Banana Republic stores, which are also owned by Gap Inc., will close. The company plans to close 130 Banana Republic stores by 2023. Between the Banana Republic and Gap, the chain would close 350 stores, accounting for about a third of its North American locations.

Banana Republic

Carter’s

Carter’s has decided to close hundreds of stores indefinitely while their leases expire in the coming months. In October 2020, the children’s clothing and accessories retailer announced plans to close nearly 200 stores, with about 60% of those locations expected to close by the end of 2021. The existing shops will close at the end of 2022.

Carter’s