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Gap Looking To Shrink Its Stores?

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During Gap's earnings call Chairman and CEO made an interesting comment about the company's real estate footprint:

"With over 40 million square feet of leased space, the real opportunity is reducing square footage per point of distribution and less so in reducing location," he stated.

I'm not entirely sure what that means. Does that mean that Gap is looking to make its stores smaller rather than considering closings? And if so, how would it do that? Or does that mean that they'll redesign stores in order to pack in more inventory in their existing locations?

I spotted this at VMSD.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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