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Banana Republic: Difference between revisions - Wikipedia

Banana Republic: Difference between revisions

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| first= CATHALEEN
| url= https://www.businessoffashion.com/articles/retail/banana-republic-transformation-gap-inc/
| title= How Banana Republic Became a Bright Spot in Gap Inc.’s's Portfolio
| publisher= Business of Fashion
| date= 7 September 2022
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In March 2008, Banana Republic opened its {{convert|17000|sqft|m2|adj=on}} store on [[Regent Street]] in London, England.<ref>{{cite web|url=http://www.regentstreetonline.com/NR/exeres/77E1FDC6-9A0A-4F3E-8B6D-7645BF887A03,frameless.htm?NRMODE=Published|title=Regent Street Online|website=Regentstreetonline.com|access-date=14 July 2016|archive-date=11 June 2020|archive-url=https://web.archive.org/web/20200611174723/https://www.regentstreetonline.com/NR/exeres/77E1FDC6-9A0A-4F3E-8B6D-7645BF887A03,frameless.htm?NRMODE=Published|url-status=dead}}</ref> On May 9, 2008, Banana Republic opened its store on [[Greenbelt (Ayala Center)|Greenbelt 5]] in [[Makati]], Philippines.<ref>{{Cite web|last=Garceau|first=Therese|date=7 May 2008|title=Yes, we have now Banana Republic|url=https://www.philstar.com/lifestyle/fashion-and-beauty/2008/05/07/60668/yes-we-have-now-banana-republic|access-date=26 November 2020|website=philstar}}</ref>
 
In October 2016, Banana Republic announced that it would close all its UK stores by the end of the year, due to falling sales.<ref name="theguardian">{{cite webnews|url=https://www.theguardian.com/uk-news/2016/oct/18/gap-to-shut-all-banana-republic-shops-in-the-uk|title=Gap to shut all Banana Republic shops in the UK|date=18 October 2016|vianewspaper=The Guardian}}</ref> As of 2017, Banana Republic had over 700 locations, but as a result of European stores closures, there are none left in Europe.<ref name="adweek.com"/>
 
In August 2020, Banana Republic alongside Gap announced that they will close over 225 store locations as a result of the [[COVID-19 pandemic]]. The original plan was to close only 90 stores, however, they expanded the number as a consequence of the financial effects caused by the pandemic. The company has not stated the exact locations that will be closed, but most will be stores within malls.<ref>{{cite web|url=https://edition.cnn.com/2020/08/28/business/gap-banana-republic-store-closures/|title=Gap is closing more than 200 stores this year|publisher=[[CNN Business]]|last=Valinsky|first=Jordan|date=August 28, 2020|access-date=August 29, 2020}}</ref>