Gap
Gap was once at the top of the clothing store empire, but recently announced that 230 Gap stores will be shutting down. This makes up about half of its locations worldwide. Despite this, Old Navy – which is owned by the same company – will become a standalone business, as it is thriving.
Gap
Starbucks Coffee
Even though you might see a Starbucks Coffee shop on every single street corner, you might be surprised that even Starbucks shuts down some of its stores. However, the reason is surprising: the weaker stores tend to be located in areas with other Starbucks, meaning they’re beating their own stores. The weaker Starbucks stores in saturated areas will be closed down in favor of opening up in areas without any locations.
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Starbucks Coffee