Gap Shuts Down In India And Around The World A Goodbye To Your Favorite Apparel But Not Fast fashion Brand

Gap Shuts Down In India And Around The World A Goodbye To Your Favorite Apparel But Not Fast fashion Brand

Shopaholics in India must have been disappointed to learn that Gap has finally closed its doors worldwide and not only in India. But, there's a twist! Fans of the American retailer will be pleased to learn that the firm will continue to trade online, but it also plans to sell its locations in France and Italy following a strategic assessment of its European operations. Since it initially opened its doors in 1987, the business has been a mainstay for many UK clients. Many businesses' problems have been exacerbated by Covid, with many large chains shutting outlets and well-known brands like Debenhams altogether vanishing from the main gateway. Let's know what happened and how things went south.

The downfall of GAP As A Fashion Brand

Natalie Berg argues, "We have an overabundance of retail space that is no longer suitable for the purpose." According to Ms. Berg, instead of typical shopping experiences, shops must now go "beyond the goods." Ms. Berg believes that to compete with internet buying, the store must be a "hub for the fulfillment," providing an experience that customers cannot receive online. Topshop, Debenhams, Next, and John Lewis are among the retailers that have closed all or portion of their stores and lost jobs as a result of countrywide lockdowns in reaction to Covid-19 around the world. However, because of high shopping costs, foreign brands prevent from opening their flagship stores in India.

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