Gap Plans To Close Israel Stores in 2017
JERUSALEM (JTA) — Gap will shut down its seven stores in Israel in 2017.
Gottex Brands, also known as Zara Group Israel, which holds the GAP franchise in Israel, made the announcement Thursday, saying the brand failed to gain popularity, the Israeli business daily Globes reported.
High prices were cited as one reason for the lack of success in Israel, according to Globes.
GAP has stores throughout Israel, including in Jerusalem, Tel Aviv, Raanana and Herzliya.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you move on, I wanted to ask you to support the Forward’s award-winning journalism during our High Holiday Monthly Donor Drive.
If you’ve turned to the Forward in the past 12 months to better understand the world around you, we hope you will support us with a gift now. Your support has a direct impact, giving us the resources we need to report from Israel and around the U.S., across college campuses, and wherever there is news of importance to American Jews.
Make a monthly or one-time gift and support Jewish journalism throughout 5785. The first six months of your monthly gift will be matched for twice the investment in independent Jewish journalism.
— Rachel Fishman Feddersen, Publisher and CEO
