Gap to close all 81 stores in UK and Ireland
US fashion giant Gap has confirmed it plans to close all its 81 stores in the UK and Ireland and go online-only. The firm said it would close all its stores "in a phased manner" between the end of August and the end of September. The company has not disclosed how many employees the closures will affect, but will shortly start a consultation process with the staff. The firm said it was "not exiting the UK market" and would continue to offer a web-based store when all the shops had closed.
Source: bbc.com