Gap to close all 81 stores in UK and Ireland  go online-only

US fashion giant Gap has confirmed it plans to close all its 81 stores in the UK and Ireland and go online-only.

The firm said it would close all its stores "in a phased manner" between the end of August and the end of September.

This includes 19 stores that were already scheduled to close in July as their leases were expiring.

The company has not disclosed how many employees the closures will affect, but will shortly start a consultation process with the staff.

The firm said it was "not exiting the UK market" and would continue to offer a web-based store when all the shops had closed.

A Gap spokesperson said the decision followed a strategic review of its European business.

As a result, Gap is also looking to offload its stores in France and Italy.

"We believe in Gap's global brand power. We are executing against Gap's Power Plan and partnering to amplify our global reach," the spokesperson said.

"We are not exiting the UK market. We will continue to run and operate our Gap e-commerce business in the United Kingdom and Republic of Ireland."

Referenced from: BBC