Advertisement
UK markets closed
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • CRUDE OIL

    83.01
    +1.11 (+1.36%)
     
  • GOLD FUTURES

    2,342.20
    -4.20 (-0.18%)
     
  • DOW

    38,504.05
    +264.07 (+0.69%)
     
  • Bitcoin GBP

    53,649.45
    +506.00 (+0.95%)
     
  • CMC Crypto 200

    1,434.11
    +19.35 (+1.37%)
     
  • NASDAQ Composite

    15,691.16
    +239.86 (+1.55%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

Gap Has its Eyes on the Future -- and Malls Aren't Part of It

Like other retailers, Gap is turning its focus to digital sales in the wake of the pandemic. Meanwhile, online sales made up 40% of its first-quarter revenue. In light of that, Gap is making plans to close 30% of its Gap and Banana Republic stores in North America by 2024, with a focus on shuttering locations in indoor malls.