the staff of the Ridgewood blog
Ridgewood NJ, the Gap Inc. announced Thursday that it plans to shutter approximately 230 stores in the next two years. Last year, the San Francisco-based corporation had a total of 725 specialty stores (excluding those in China), and this week, the company revealed it saw a 5 percent decrease in the brand’s global sales, according to its 2018 earnings report.
Gap Inc. has yet to finalize its list of stores that will close. It appears that the Ridgewood Gap has made the list, the store appears to be holding final sales and ready for shuttering .
Lets face it the GAP has not been cool since 1980 and its non descript clothing is easy to buy on the internet. Given New Jersey aggressively anti business governor and legislator its easy to see how New Jersey may bear the brunt of GAP closings.