Banana Republic

Updated: Nov 24, 2021By Audrey KyanovaBusiness

Banana Republic ©JHVEPhoto / Shutterstock.com

Year Established: 1978
Store Closures: 84 Branches*

In 2016, Banana Republic began to have problems. The fashion chain shut down all of its stores in the UK. In 2017, it counted 700 stores left, most of them in America and Asia. Banana Republic’s woes have continued, and it is reported to be closing 84 stores in total over the next few years.

The average pace for the retailer is 15 store closures per quarter, though that might pick up pace in the future. Banana Republic has also announced closures of Jack and Intermix, two of its other sister stores, though exact numbers on those are unclear.

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