Gap Closing Flagship NYC Store In January

Gap Inc. is preparing to shutter its flagship store on Fifth Avenue in New York City on Jan. 20, 2019, according to CNBC. A company spokesperson confirmed the decision, but declined to comment on the reason for the closure.

The Fifth Avenue store would be the most prominent victim of what could become a mass closure of hundreds of mall-based Gap stores. The retailer has been considering “aggressive” closings after the Gap…