24 Retailers Who Are Set to Close Thousands of Stores in 2018

8. Gap/Banana Republic

NEW YORK CITY - APRIL 19: Shoppers walk past a Gap retail outlet in New York City, on Friday, April 19, 2013.

Two of your local mall’s staples — Gap and Banana Republic — may soon disappear. Parent company Gap Inc. says 200 of those stores will go dark in the next three years because they’re “underperforming.” Even if your nearest stores close, you’ll still be able to get your Gap and Banana fix online.


7. Best Buy Mobile

Pavlograd, Ukraine - October 31, 2014: Best Buy is the world�¢??s largest multi-channel consumer electronics retailer with stores in the U.S., Canada, China and Mexico.

Electronics big-box chain Best Buy has decided to shut down all 250 of its not-so-big Best Buy Mobile stores found in malls. In a letter to employees, Best Buy CEO Hubert Joly says the stand-alone mobile phone stores aren’t very profitable. And, he says shoppers will typically find a regular Best Buy store nearby where they can buy a phone.