---
title: "Retail Dive Continues as Gap, JCPenney Announce Store Closures"
url: https://burnaze.com/article/02a3688a-84db-4af5-9e8e-2cbb84a873c1
source: "1851 Franchise"
original_url: https://1851franchise.com/retail-dive-continues-as-gap-jcpenney-announce-store-closures-2709312
category: "Specialty retail"
industry: "Retail"
segment: "Specialty retail"
topics: ["Finance & M&A"]
published: 2019-03-01T18:13:57.000Z
modified: 2026-11-01T02:30:53.701Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/b21d58d02352465e6baf7ac1ad062b9e434.jpg
---

# Retail Dive Continues as Gap, JCPenney Announce Store Closures

**TL;DR:** Gap, JCPenney, and Victoria's Secret announced store closures, potentially offering opportunities for franchisees to leverage available spaces. Gap will close 230 stores over the next two years, JCPenney will close 27 stores in 2019 and Victoria's Secret will close 53 stores in 2019.

*originally published in 1851 Franchise on 2019-03-01. [Read the original](https://1851franchise.com/retail-dive-continues-as-gap-jcpenney-announce-store-closures-2709312).*

## Story

Brick and mortar retail locations continued to take a major nosedive this week as Gap, JCPenney and Victoria’s Secret all announced upcoming store closures, Business Insider reported.

Gap will close 230 stores over the next two years, JCPenney will close 27 stores in 2019 and Victoria’s Secret will close 53 stores in 2019, according to the article.

This sounds rather dire, but it could be good news for franchisees. Finding the right real estate is crucial to a brand’s success. Whether franchisees opt to expand their existing businesses or open multiple units with their brands, these store closures can possibly give them the opportunity to leverage the soon-to-be-available spaces.

## Entities

- 1851 Franchise (publication)
- unit expansion (topic)
- Retail (sector)
- franchise opportunities (topic)
- retail expansion (topic)
- store closures (topic)
- Gap (company)
- JCPenney (company)

---
Originally reported by 1851 Franchise (https://1851franchise.com/retail-dive-continues-as-gap-jcpenney-announce-store-closures-2709312). Summarized by Burnaze (https://burnaze.com/article/02a3688a-84db-4af5-9e8e-2cbb84a873c1).