Shopko
Shopko first made an announcement about its plan to shut down 70 percent of stores by May 2019. However, they later changed their plans and intended to close all the stores permanently. In January 2019, Shopko applied for bankruptcy and hoped that a buyer could help it out of this mess. Sadly, it failed to get a buyer and tried to liquidate all its merchandise. It closed all locations by June 2019.
Shopko
Gap
In the following two years, Gap is planning to shutter 230 stores, which is about half of its total locations all over the world. The company is planning to rebrand Old Navy, its sister company, as a totally separate business. They want to do this because Old Navy has outdone both Gap and Banana Republic when it comes to sales. The stores that remain in operation, including Hill City, Banana Republic, Gap, Athleta, and Intermix are going to stay open under the new name NewCo.
Gap
