The Gap Inc. said Wednesday that it will close its massive three-level Gap store on New York’s Fifth Avenue on Jan. 20.
The company declined to discuss why the former flagship store was closing, when asked by the San Francisco Business Times today. But Gap (NYSE: GPS) CEO Art Peck told investors last month that the retailer is considering closing hundreds of “underperforming stores.”
While some of the company’s brands in the latest quarter reported improvement, such as Old Navy and Banana…
