Banana Republic Archive

Banana Republic to Close All UK Stores

LONDON, United Kingdom — Banana Republic will close all eight of its stores in the UK, the company confirmed today. The decision forms part of a longer-term strategy to boost the Gap Inc-owned brand’s overall business performance after more than a year of disappointing sales. “After a thorough evaluation process, the company has decided to close eight Banana Republic stores in the United Kingdom,” a company spokeswoman …

Banana Republic Pins Hopes on Olivia Palermo

SAN FRANCISCO, United States — Banana Republic has announced Olivia Palermo as its first women’s global style ambassador. The appointment is part of the retailer’s efforts to address some of the challenges it has faced in recent years, including falling sales, over-diversified product offerings and increased competition. In choosing Palermo, the company is hoping to cash in on the style influencer’s uncanny ability to convert …