The Gap recently posted signs saying its storefront at 7590 Sloan Way in Liberty Twp. is closing
The company reported same-store sales at Gap stores, which includes Gap, Old Navy and Banana Republic, grew 7 percent last quarter, but the sales at the flagship Gap brand dropped 7 percent.
In a November third-quarter earnings conference call, Gap President and CEO Art Peck said there are “some amazing flagship stores” worldwide, but hundreds of other stores that likely do not fit the company’s vision for the future of Gap brand specialty store.
“These stores are a drag on the health and a drag on the performance of the brand,” he said.
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The Gap operates 775 global stores, including four locations in the Greater Cincinnati area: Liberty Center, Rookwood Commons in Norwood, an outlet store at Cincinnati Premium Outlets in Monroe and a clearance store in Hebron, Ky. A location in Cincinnati’s Kenwood area closed in 2017.
A sign posted at the entrance to the Liberty Center location encouraged shoppers to visit The Gap at Rookwood Commons.
Staff Writer Holly Shively contributed to this report.