When The Gap recently announced its plans to close 175 of its 675 stores in North America, it joined a number of other retail chains — including Staples, Office Depot, Target, and Radio Shack — that have been or soon will be shuttering a slew of outlets for one reason or another. A major challenge for all retailers is managing the closures in a way that maximizes revenues and profits. In our research, we have found that retailers often could handle closures much better than they do.
Shutting Down Stores Doesn’t Have to Be Bad for Business
Advice for Gap and other retailers.
June 26, 2015