The global chain, which used to have a store the Overgate Shopping Centre in Dundee, is now looking at closing all 129 shops it owns in Europe as well as a distribution centre in Rugby.
GAP in Perth as it was closing down
The fashion brand also has 158 franchise shops in Europe, in addition to company-owned outlets, and said that’s where its focus would lie going forward.
“As we conduct the review, we will look at transferring elements of the business to interested third parties as part of a proposed partnership model expansion,” said Mark Breitbard, head of Gap’s global operations.
The Perth shop’s closure in the prominent High Street location led to the loss of 11 members of staff.
US-based Gap’s sales fell 18% in the three months to the end of August when the company made a pre-tax loss of $41 million.
