SACRAMENTO (CBS13) – The Gap is closing its Downtown Plaza location at the end of the month in another blow to the struggling shopping center.
The Gap and neighboring Gap Kids will close Jan. 28 as part of the company’s strategy formed in 2007, a spokesperson said Wednesday.
The San Francisco-based clothing company issued the following statement:
“As part of our real estate strategy for Gap brand as outlined in 2007, we want each of our stores to be the best possible representation of who we are – a well-loved American brand known for its optimistic, casual style. The Gap store closures scheduled in January 2013, including the Sacramento Downtown Plaza location, are the final stores to be shut down as part of the long-term real estate strategy outlined in 2007.”
San Francisco’s JMA Ventures purchased the Downtown Plaza for $22 million last year. Its long-term vision for the mall isn’t clear. The company said it has explored using the site for a new sports and entertainment facility.