Home / Knowledge / News / Apparel/Garments / US apparel firm Gap opens its first store in South Africa
US apparel firm Gap opens its first store in South Africa
21
Mar '12
Continuing to execute on its global expansion strategy, Gap Inc. announced the opening of two new locations in South Africa under its strategic alliances channel.

“We are excited to bring Gap's casual American style and store experience to more customers in South Africa,” said Stefan Laban, managing director of strategic alliances for Gap Inc. “South Africa is the natural next step for expanding our presence on the continent. The country has a thriving economy and high Gap brand awareness, so we believe there is tremendous opportunity for us in the market.”

Building on its existing wholesale relationship with Stuttafords department stores, Gap and Stuttafords are opening two additional stores under its existing wholesale agreement with Stuttafords in South Africa this week. The first will open in Sandton City Mall in Johannesburg. The second will open in Cape Town's Tyger Valley Centre.

Each store will house product from the international Gap, GapKids and babyGap collections, and the assortment will be customized seasonally to best suit the needs of local customers and climate.

Gap Inc. also announced plans to open stores in three additional growing apparel markets in 2012:

Lebanon: Gap Inc. has signed a new agreement with Azadea group, one of the largest retailers in the Middle East, to open the first Gap store in Lebanon later this year. One of the main fashion centers of the region, Lebanon provides an ideal environment to introduce Gap brand. Since 2006, Gap Inc. has expanded its presence across the Middle East.

Georgia and Azerbaijan: As part of Gap Inc.'s ongoing market entry strategy for the Common Wealth of Independent States (CIS), Gap Inc. has expanded its existing agreement with retail partner, Al Hokair, to open its first Gap and Banana Republic stores in Georgia this April followed by the first Gap store in Azerbaijan this August.

With a strong demand for international brands and an emerging retail landscape, these markets offer Gap Inc. the perfect platform for its brands.

“Extending our presence in Africa, the Middle East and CIS demonstrates the effectiveness of our international formula and the continued flexibility of our franchise model, which allows us to reach new customers quickly around the world,” added Laban.

Gap Inc. is focused on growing its share of the global apparel market. Over the last six years, the company has grown its franchise store base to over 200, expanded to 34 countries throughout Asia, Europe, Latin America, the Middle East, Australia and Africa.

In fiscal year 2011, Gap Inc. opened franchise stores in 8 new countries and grew the net sales of its franchise business 45 percent. The company expects to have 400 franchise stores by fiscal year 2014.

Gap Inc


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search