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Gap Inc. is also planning to add between 30 and 40 stores for its Athleta and Old Navy brands in the next three years.
In an April filing with the SEC, Gap Inc. said it had stopped paying rent for its 2,785 North American retail stores due to the economic effects of the COVID-19 pandemic.
Bridgeport’s Lecoq Cuisine Corp. has laid off 181 workers. “Although this action may be temporary, given the uncertainty created by this pandemic, this separation may be permanent,” according to Chief People Officer Laura Brown.
Craig Deitelzweig, the president and CEO of Marx Realty, which along with Benenson Capital Partners owns and operates the Cross County Shopping Center, outlined plans for use of the Sears space and said they're looking at expansion.
Area Gap and Banana Republic stores include locations in Danbury, Fairfield, Stamford, Trumbull and Westport in Fairfield County, and in Larchmont, Mount Kisco, Scarsdale, White Plains and Yonkers in Westchester.