As suspected, along with Banana Republic, GAP will close its doors for good at The Avenue Peachtree City. Closing sales started over the Christmas Holiday with mark downs as low as 50% off and counting. The store was packed the after Christmas with shoppers lining up for deals upon deals. It is not known at the present time what will replace GAP, however the Banana Republic has a prospective tenant lined up. For more details on Banana Republic click here.