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Gap's Closing 20% Of North American Stores

| Filed under: Business BlitzGap

gap-closing-189-doors-in-north-america-expanding-to-china.jpg

Ouch.

Gap announced at its annual investor meeting on Thursday they're closing 189 or 1/5 of their stores in the US by 2013.

To make up for the loss, Gap plans to open 45 stores in China by the end of next year.

Think their strategy will work???

[Image via Getty Images.]

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