Name: Most San Francisco Gap stores close permanently, including Market Street flagship
Brand: sfchronicle.com
SKU: sfchronicle-com-135
Availability: OnlineOnly

critic

Most San Francisco Gap stores close permanently, including Market Street flagship

preview

This is a carousel. Use Next and Previous buttons to navigateGap Inc. will permanently close its flagship store near Union Square, as the coronavirus pandemic and prolonged retail woes strike into the heart of the company’s San Francisco hometown.The company has also closed two other Gap stores in the city — in Embarcadero Center near its waterfront corporate headquarters and Stonestown Galleria — for good.That leaves the Chestnut Street location as the only Gap store operational in San Francisco. The company’s Old Navy flagship on Market Street, multiple Banana Republic and Athleta locations, as well as Intermix on Fillmore, remain open.“While these stores were initially closed as a result of city mandates, these permanent closures are part of the larger strategy we announced last year to resize our fleet based on customer shopping patterns and store profitability,” Gap said in an email to The Chronicle. “As with any store closure, we are encouraging employees to find opportunities at other locations within our family of brands.”In April, Gap said that it paying rent for North American stores that were closed because of coronavirus orders, and that it was actively renegotiating lease terms. , the predominantly mall-based retailer was sued by two of its biggest landlords, Simon Property Group and Brookfield Properties, for failing to pay millions in rent.More for youIn July, Gap Inc., including its subsidiaries Old Navy, Banana Republic, Athleta, and Janie and Jack, countersued the mall landlords and said that even as government restrictions ease, the pandemic remains widespread and harmful, and has resulted in “severe and irreparable hardships” for the company that were not foreseeable when the leases were signed.Ratings for the Bay Area and California, updated every 10 minutesThe retail industry had plenty of troubles pre-pandemic, with fewer people visiting malls and an abundance of online competition, but since March, the sector has faced a worsening crisis as mall stores and closed again, and customers pulled back on spending amid rising unemployment.Retail bankruptcies have mounted, with Stein Mart, a 112-year-old discount retailer, and Lord &amp; Taylor, considered to be the oldest department store in the country, filing for bankruptcy protection this month.The demise of the three-story Gap flagship — located in the historic , which dates to 1904 — adds to the list of permanent closures in and around Union Square, including Warby Parker, Brooks Brothers, Jos. A. Bank Clothiers, Vilebriquin and Agent Provocateur, among others.Shwanika Narayan is a San Francisco Chronicle staff writer. Email: Twitter, Instagram: @shwanikaRatings for the Bay Area and California, updated every 10 minutes

This is a carousel. Use Next and Previous buttons to navigateGap Inc. will permanently close its flagship store near Union Square, as the coronavirus pandemic and prolonged retail woes strike into the heart of the company’s San Francisco hometown.The company has also closed two other Gap stores in the city — in Embarcadero Center near its waterfront corporate headquarters and Stonestown Galleria — for good.That leaves the Chestnut Street location as the only Gap store operational in San Francisco. The company’s Old Navy flagship on Market Street, multiple Banana Republic and Athleta...

public

Shwanika Narayan

Delivering the Bay Area’s best journalism every day. Subscribe and support the newsroom: http://SFChronicle.com/subscribe

sfchronicle.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Most San Francisco Gap stores close permanently, including Market Street flagship

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS