{"id":179356,"date":"2021-09-17T10:43:40","date_gmt":"2021-09-17T10:43:40","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=179356"},"modified":"2021-09-17T10:43:59","modified_gmt":"2021-09-17T10:43:59","slug":"next-to-operate-gap-brand-in-uk-and-ireland-as-franchise-partner","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/next-to-operate-gap-brand-in-uk-and-ireland-as-franchise-partner\/","title":{"rendered":"Next to operate Gap brand in UK and Ireland as franchise partner"},"content":{"rendered":"<p>British clothing retailer <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/next\">Next<\/a> has announced it has signed a deal with <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/gap\">Gap<\/a> to run the business in the UK and Ireland as a franchise partner.<span id=\"more-179537\"><\/span><\/p>\n<p><!--more--><\/p>\n<p>Under the agreement, the two companies will <strong>form a joint venture to operate Gap\u2019s e-commerce business across the Next Total Platform<\/strong>, an online site for fashion brands which allows them to piggyback off Next\u2019s own e-commerce expertise.<\/p>\n<p>Next will <strong>also host Gap-branded shop-in-shop concessions at select retail locations and offer click-and-collect<\/strong> for online customers starting early 2022.<\/p>\n<p>Next will own a 51% majority of the joint venture, whilst Gap will own the remaining 49%.<\/p>\n<p>In June 2021, <a href=\"https:\/\/www.theindustry.fashion\/gap-confirms-the-closure-of-all-remaining-uk-stores\/\">Gap confirmed that it would close all of its remaining stores in the UK and Ireland<\/a> by the end of September 2021.<\/p>\n<p>At the time of the announcement Gap also confirmed it would continue to have a digital presence in the UK as digital sales were growing in the market, and was looking for \u201ca partner to help drive our online business\u201d.<\/p>\n<p>According to Companies House documents for the year 1 February 2019 \u2013 1 February 2020, Gap\u2019s UK division reported \u00a33.27 million of impairment charges on underperforming stores, with\u00a0sales falling 9.5% to \u00a3195.1 million and producing an operating losses of \u00a340.7 million.<\/p>\n<p>In a statement, Lord Wolfson, CEO of Next, commented: \u201cNext is delighted at the prospect of its Total Platform supporting Gap on the next stage of development of their world-renowned brand in the UK and Ireland.\u201d<\/p>\n<p>Mark Breitbard, CEO and President of Gap Global, added: \u201cGap is partnering with Next, one of the UK\u2019s leading online clothing retailers, to amplify our omnichannel business and meet our customers in UK &amp; Ireland where they are shopping now.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":151184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6,10494],"tags":[9430,10530,16212,3683,10259],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Next to operate Gap brand in UK and Ireland as franchise partner - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"British clothing retailer Next has announced it has signed a deal with Gap to run the business in the UK and Ireland as a franchise partner. 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