Plans For Banana Republic Closings in 2022

Joel Eisenberg

The parent company, Gap Inc., announced the closure of approximately 350 Gap and Banana Republic locations throughout this year to the end of next year.

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Banana RepublicShutterstock

Author’s Note

This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: Wikipedia.org, The Midland Reporter Telegram, ScrapeHero.com, BestLifeOnline.com, The Winnipeg Free Press, BusinessInsider.com, and Gap Inc.

Introduction

Wikipedia features a comprehensive overview of the Banana Republic retail chain. As excerpted from the dedicated company page: The original Banana Republic was founded by Mel and Patricia Ziegler in 1978. The couple was known for acquiring interesting clothing items that their travel-related jobs brought them in contact with... Gap Inc. acquired Banana Republic in 1983 and by 1988 the founders, Mel and Patricia Ziegler, lost creative control, eventually rebranding it as masstige, an accessible mass luxury clothing retailer.

The first Banana Republic store was located in Northern California’s Mill Valley region.

According to ScrapeHero.com: There are 382 Banana Republic locations in the United States as of June 22, 2022. The state with the most number of Banana Republic locations in the U.S. is California, with 55 locations, which is 14% of all Banana Republic locations in America.

Though the number of locations may appear healthy, both Banana Republic and Gap, both owned by Gap Inc., have recently been announced as substantially decreasing their location counts.

Let us explore further.

Banana Republic, 2022

A June 22, 2022 article from BestLifeOnline.com, titled ”This Iconic Clothing Chain Is Closing Stores, Starting June 23,” states: Based on local reports, it appears that Banana Republic is gearing up to close at least two locations this month. The retailer's store at Commons at North Park in Midland, Texas, is one of the planned closures, the Midland Reporter-Telegram reported on June 13. According to the newspaper, a sign outside the store indicates that its last day of business will be June 23.

The other Banana Republic closing was listed as the location in CF Polo Park mall in Winnipeg, Canada, according to The Winnipeg Free Press on June 14. The newspaper didn't give an exact date for this closure, but confirmed that it would occur sometime later in June.

More locations are expected to be announced as closing in the coming months, per multiple news reports, but as of yet none have been announced.

What had been announced, also in the BestLifeOnline.com article, was the following: These are likely not the only Banana Republic closures that will happen in the coming months. In Oct. 2020, Gap, Inc.—which has owned the Banana Republic company since 1983—announced that it was planning to close around 350 Gap and Banana Republic stores across North America by the end of 2023. This news came after the company previously confirmed plans to close more than 225 Gap and Banana Republic stores in 2020, Business Insider reported at the time.

For perspective, BusinessInsider.com, in its piece entitled “Gap and Banana Republic are Closing Another 350 Stores as Retailers Flee Malls in the Second Wave of the Retail Apocalypse,” further disclosed: There were 1,216 total Gap and Banana Republic locations in the U.S. and Canada in 2019. But by the end of 2023, there are expected to be 870 stores left. As of June 15, at least 103 Banana Republic stores have been shut down since the beginning of 2020, according to data from Gap.

It should be noted several of those 2020 closures were temporary, and based on the pandemic.

Conclusion

The upcoming closures announced by the company as being undertaken throughout 2023 are strategic in nature. New business models and focus will determine the success of the endeavor.

Thank you for reading.

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I am an award-winning author, screenwriter for film and television, and producer. My mission on News Break is to share socially important perspectives on both culture and pop-culture. Member of PEN America, and the WGA.

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