According to reliable sources, on October 4, many netizens posted information about the closing of GAP stores on social media. GAP clears out the warehouse to close the stores. Including in Beijing, Hangzhou, Shanghai, Chengdu, Dalian, Shenyang, Shenzhen, and other cities.
Since the start of this year, GAP has closed numerous stores in China’s first-tier and new first-tier cities. As a response to rumors of shop closings, GAP China announced that it was altering its business strategy and operating procedures. Since the CCP virus pandemic, There were reports in March 2020 and March 2021 that GAP will leave the Chinese market.
Since the CCP virus outbreak, a number of fashion brands, including British brand Superdry, Dutch brand C&A, French womenswear CacheCache, and Etam, have exited the Chinese market.
On July 31, three ZARA sister brands—Bershka, Pull&Bear, and Stradivarius—also closed their Tmall flagship online stores. The MONKI Tmall under H&M’s flagship online site officially closed on March 31, 2022. Metersbonwe and La Chapelle, two popular domestic brands, are also struggling to survive the Chinese economy.
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