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Gap’s Banana Republic Chain to Close U.K. Stores as Sales Slip

Photographer: David Paul Morris/Bloomberg

The Banana Republic chain is exiting the U.K. next year, part of a global re-evaluation of the Gap Inc.-owned workwear brand.

Gap is closing all eight of its Banana Republic stores in the country, although shoppers will still be able to order items from the chain’s regional website. Most of the locations will be shuttered by the end of the fiscal year, Kari Shellhorn, a spokeswoman for the San Francisco-based company, said in an e-mail.