Gap’s Old Navy store in downtown San Francisco is closing

A Gap Inc. spokesperson wrote: In a statement Friday that the old Navy store at 801 Market St. In downtown San Francisco it will be closed this summer.

In a statement, a spokesperson for Gap — which is headquartered in San Francisco and owns a number of subsidiary retailers, including Old Navy, Banana Republic and Athleta — indicated that the company is looking at potential new landing sites for other Old Navy in the US. downtown area, emphasizing that “Gap Inc. has deep roots in San Francisco and is committed to the city.”

“Old Navy is always evaluating its portfolio of properties to ensure a healthy fleet of stores that can provide the best possible experience for our customers,” the spokesperson wrote.

“Since opening the Market Street store in the 1990s, the way we make use of prime locations has changed. As a result, we made the difficult decision to close the Market Street store when our lease expired, and we are already working on new locations in downtown San Francisco that will meet the needs of the company. and our customers better.”

Old Navy’s closing announcement comes a month after Gap disclosed layoffs affecting primarily the company’s workers; The layoffs affected about 800 employees in the state of California.

“We are taking action to reshape Gap Inc. for the future — streamlining and improving our operating model, raising the bar on innovation, and driving better delivery in every dimension of the customer experience,” said interim CEO Bob Martin in a statement provided to SFGATE. on time.

See also  UK Finance Minister Jeremy Hunt warns that inflation remains too high

Last month, Gap’s Banana Republic at the nearby Westfield Mall also closed, though a spokesperson said the closure was part of a company-wide 2020 plan and unrelated to issues raised by some local businesses in San Francisco about lack of foot traffic and conditions. Not safe in the downtown area.

Leave a Reply

Your email address will not be published. Required fields are marked *