Gap, the leading US clothing retailer, is withdrawing completely from Russia and is closing all its stores. Izvestia writes about it, with reference to the CORE.XP consulting company and representatives of the real estate market.
Nadezhda Tsvetkova, director and head of retail space leasing at CORE.XP, announced that Gap has withdrawn entirely from Russia, adding that it has no plans to sell the business.
“In connection with the March decision of Gap A.Ş. to suspend the delivery of its products to Russia, the network is really in the process of reducing its business in our country – it will be completed after the remaining stocks of goods are exhausted ”, Pavel Lyulin, vice-president of the Association of Outlets, also reports.
Meanwhile, GAP’s ten in Moscow, St. He has a store in St. Petersburg. The total number across the country in June was 23. According to Izvestia’s sources, the remaining retail stores will be closed as the sale of product balances.
Source: People Talk
Richard Stock is an author at “The Fashion Vibes”. He is a lifestyle expert who provides readers with the latest news and trends in the world of fashion, beauty, food, and travel. With a sharp eye for detail and a passion for writing, Richard offers unique insights and perspectives on the topics he covers.
