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Store Closing Creates Gap
Chapel St. fixture calls it quits
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Business New Haven
2/2/2004
By: BNH
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The Gap store at 994 Chapel Street near the corner of College closed its doors for good January 26 after a decade in business.
"I think it's a disappointment for the New Haven community," store manager Erica Bressman told the Yale Daily News of the closing. "I think it not being here is a huge void in the shopping in New Haven."
The Gap was a tenant of Taft Realty Associates, which also maintains the Taft Apartments, Richter's Pub, Archetype and Hot Tomato's restaurant.
Taft Regional Property Manager Lisa Drazen said there has been an active demand for the space from prospective tenants, but neither she nor Bressman were able to discuss the reasons behind the store's closing.
However, the fortunes of Gap Inc. have suffered financially since its introduction of the discount store Old Navy, effectively cannibalizing Gap sales, in the view of many retail analysts. As a consequence Gap has been closing a number of stores nationwide.
Other Gap locations remaining nearby include stores in Waterbury, Meriden and the Connecticut Post Mall in Milford.
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