Shebudgets
Banana Republic
Banana Republic has been around since the late 1970s and became popular for selling items for a safari and travel lifestyle. The company has come a long way since then, as now it carries fashionable clothing. The company was doing pretty well for several years until the pandemic hit and the company’s stock crashed.
The company has announced that it will be closing down 130 stores by 2023 as it doesn’t see itself lasting much longer in this market. Banana Republic has already closed down 350 stores, and that number will only rise in the next year.