Close approximately 350 North American Gap and Banana Republic stores

Not delivered by the deadline

AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.

Announced: 26 Aug 2021
Due: 29 Jan 2022
Checked: 21 Oct 2026

Deadline
Met
Late
Not met
Today

What the company said

“On-track to close ~350 N.A. Gap and Banana Republic stores by end of FY23”

SourceGap Form 8-K press release, 2021-08-26
FilingSEC filing index
Deadline as statedby end of FY23
Deadline used29 Jan 2022, the last day of the stated period
TypeFacility
Permanent referenceKI-C-2021-GAP-019049
Cite as https://keptindex.org/c/KI-C-2021-GAP-019049/ — this address never changes.

What we found

Evidence strength A What the grades mean

The company failed to close the targeted 350 stores by the end of fiscal year 2023, having closed 304 stores by January 28, 2023.

A
Gap 10-K filed 2023-03-14 Regulatory filing · published 14 Mar 2023 · retrieved 21 Oct 2026 · kept permanently by the SEC · fingerprint fd526b88c93e
“The Company is also continuing to reduce the number of Gap and Banana Republic stores in North America by approximately 350 stores from the beginning of fiscal 2020 to the end of fiscal 2023. As of January 28, 2023, we have closed, net of openings, 304 Gap and Banana Republic stores” ✓ confirmed on the page

Market reaction: the shares moved -6.1% against the S&P 500 over the three sessions around the disclosure (13 Mar 2023 to 16 Mar 2023). What this measures

Checked 21 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

Deadline drift +733 days
Scope drift 0.0%
2 versions

Version 1 · original · stated 26 Aug 2021

Deadline 29 Jan 2022 (“by end of FY23”) · target 350 stores
Version 2 · stated 23 Nov 2021

Deadline 1 Feb 2024 (“by end of FY23”) · target 350 stores

“On-track to close ~350 N.A. Gap and Banana Republic stores by end of FY23”
Source for this version

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type: Facility other
Indicative materiality: Medium rules
Action: Close
Deliverable: North American Gap and Banana Republic store closures
Target: 350 stores
Where: North America
In the company’s control: High
Specificity: High

How this entry was checked

Commitment recordedThe company's words were matched word for word against the filing.
First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.

Confirmed. This outcome counts towards the company's Kept Score. How verification works

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