Fashion retailer Gap is reportedly at odds with landlords after telling them it plans to hand back the keys to all its shops across the UK this July to become an online-only retailer, following in the footsteps of Topshop, Debenhams and other big names who have already exited the high street.
Sources told The Times that the company had offered to pay rent until July but only at a reduced rate.
The report follows news which emerged last autumn that Gap was exploring the option of being an online-only business in Europe, although there was suggestions that franchise deals might be struck for stores.
In December, Gap announced it will close one of its two stores on Oxford Street in central London. It currently operates 95 shops in the UK, which could all be set to close if the reported plans come to fruition.