More Than 225 Gap, Banana Republic Stores to Close This Year

The Gap logo is displayed on a window at a Gap store in San Francisco, Calif., on May 25, 2018. Justin Sullivan/Getty Images

The Gap and the Banana Republic will close more than 225 stores in 2020, the firm said in an earnings release (pdf) on Thursday.

The company was already planning on closing some stores this year, but reports said the 225 number is larger than originally planned.