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Thread: I owe you guys an apology...you were right...

  1. #1
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    I owe you guys an apology...you were right...

    The Gap is indeed closing. In fact, it's CLOSED!





    Gap closes high profile Boston shop
    By Angel Jennings and Erich Schwartzel
    Globe Correspondents / September 3, 2008

    The Gap Inc. quietly closed the doors to its Newbury Street store last Wednesday, becoming the latest tenant to leave the popular Boston shopping destination.

    Without any fanfare, the retailer closed its location at 201 Newbury St., leaving the storefront, which was once adorned with mannequins dressed in Gap clothes, empty. Four signs hanging outside the shop yesterday read: "This Gap location is closed."

    Gap spokeswoman Kris Marubio would not disclose why the store closed. "We vacated it last week but customers can shop at nearby Copley Place, Faneuil Hall, or CambridgeSide [Galleria]," she said.

    The Gap is the latest store to abandon the trendy shopping district in the Back Bay. In recent years, shops that line Newbury Street have seen sharp increases in rent as chain stores such as H&M and Victoria's Secret replace trendy boutiques. In May, luxury retailer Louis Boston said it would not renew its lease when it expires in 2010.

    Like other specialty retailers, Gap Inc. - the parent company of Gap, Old Navy, and Banana Republic - has been hurt as consumers squeezed by the slowing economy, higher gas and food costs, and a weak job market have been spending less on clothes and other nonessential items.

    Gap saw a surge in sales in the 1990s when American offices moved toward a more casual dress code and workers snagged its khakis and polo shirts. But recently, Gap has faced increasing competition from retailers such as Abercrombie & Fitch and discounters Target and Wal-Mart. To remain fresh and current, last year the Gap hired designer Patrick Robinson to help revitalize the brand.

    The San Francisco-based retailer, which has had sluggish sales at all of its brands, also has been trying to boost its earnings by cutting inventory, reducing costs, and closing and downsizing stores. In the fiscal second quarter, ended May 3, Gap reported a 10 percent decrease in sales at stores open at least a year. In June, chief executive Glenn Murphy said he aimed to close some stores and downsize others; the Newbury Street location is just one of 115 stores Gap said it plans to close in fiscal 2008.

    Christina Wright, 26, of the Back Bay walked yesterday to the Newbury Street Gap to buy a turquoise cashmere sweater that she had seen at another location only to discover the store was closed. "I just hope they do something good with the space because obviously this is an important street for Boston."
    Last edited by FF2; 09-03-2008 at 09:21 AM.

  2. #2
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    This will be the first time I ever said this on this board:

    DUMP!

  3. #3
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    Gay. Not that there's anything wrong with that ...

  4. #4
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    That was good, lol. I'll give you props for that one.

  5. #5
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    Quote Originally Posted by Jet Blast View Post
    This will be the first time I ever said this on this board:

    DUMP!
    I feel honored!

  6. #6
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    I thought it was funny. Nice play FF2.

  7. #7
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    hahaha, lame

    I still kinda chuckled

  8. #8
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    Quote Originally Posted by Dcat View Post
    I thought it was funny. Nice play FF2.
    I agree..I thought it was quite clever.























    About time.

  9. #9
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    So far its a gay, funny, dumpworthy thread that got props?

  10. #10
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  11. #11
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    Quote Originally Posted by pauliec View Post
    hahaha, lame

    I still kinda chuckled
    Great....2 opposite opinions in one quick response.

  12. #12
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    Lol.
    I'm sure every time you hear the word "GAP" you think of us.

    or

    Noodle
    Delusional
    Douchebag
    Egadz
    ...

    and so on

  13. #13
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    Quote Originally Posted by pauliec View Post
    hahaha, lame

    I still kinda chuckled
    I laughed...I cried

  14. #14
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  15. #15
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    Quote Originally Posted by BrianNY View Post
    Thank you, you've been a great audience, I'll be her all week, please folks, take care of the great waitresses here at the fabulous Laugh Shack, thank-you, thank-you...

  16. #16
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    Well played sir, well played

  17. #17
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    Damn Chowds!!

  18. #18
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    bump...just cuz

  19. #19
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    Hey FF2,

    Do you happen to know if the Newbury Steak House is still in existence on Newbury Street?

    And when the Jets win the division this year, can we get a real "GAP closed" thread from you, with a real apology?

    Warm Regards,
    littleeddiebell

  20. #20
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    Quote Originally Posted by littleeddiebell View Post
    Hey FF2,

    Do you happen to know if the Newbury Steak House is still in existence on Newbury Street?

    And when the Jets win the division this year, can we get a real "GAP closed" thread from you, with a real apology?

    Warm Regards,
    littleeddiebell
    No.
    Sure.

    Cordially,
    FF2

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