I wonder if this is a short-term strategy to force commercial property rents further down, and re-enter when they hit a feasible low.
In India, GAP apparently uses their retail stores in an omnichannel strategy to "warehouse" products closer to customers in an attempt to provide next-day delivery. [1]
[1] https://yourstory.com/2021/06/fashion-brands-omnichannel-fli... (paywalled, use reader-mode)