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Article: GAP TO SHUT UNITS BUT ADD TO TOTAL SPACE.(in New York)(Brief Article)
- Article from:
- WWD
- Article date:
- April 10, 2001
- Author:
CopyrightCOPYRIGHT 2001 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Beating down speculation of retrenchment, Gap Inc. said Monday that it's growing square footage by 18 percent this year in Manhattan and that upcoming closings here are part of long-term real estate strategy.
Much of the additional space will go to newer, multiconcept stores that feature Gap, GapKids, BabyGap and GapBody, while some older, single-concept stores shut down.
In Manhattan, Gap said it will close six smaller stores this year. "We have been building bigger stores in New York City over the past five years," said company spokesman Jack Dougherty.
Gap operates 35 doors in Manhattan. The store on 42nd Street and Broadway is ...