Gap to Close All U.K., Ireland Stores

Gap Inc. (San Francisco) will close all company-operated Gap Specialty and Gap Outlet stores in the U.K. and Ireland beginning at the end of August, according to a press release. The retailer blames market dynamics for the decision.

Gap has served customers in the U.K. since 1987 and Ireland since 2006 and will reportedly still support e-commerce business in both countries. It is currently seeking a partner to drive its online business there.

In Italy, Gap is in negotiations for the potential acquisition of its Gap stores there. In France, the brand has identified a potential partner, Hermione People and Brands, the retail branch of FIB Group, to take over Gap stores there.