Retailer Gap to close 175 stores across North America

Closed Sign - Photo by JamesAlan1986

The retailer Gap is to close 175 stores across North America over the next few years as it attempts to turn around the business.

A “limited number” of European shops would also close, the San-Francisco-based company said in a statement.

In addition, Gap will also cut about 250 jobs from its head office.

It has been struggling with falling sales as it competes with the likes of Europe’s H&M and Zara.

Like-for-like sales for the Gap brand fell by 15% in April, compared with a 3% rise in the same month last year.

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