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Gap to unveil 30 new outlets in China this year
15 Feb '12
1 min read
Gap Inc., the US-based apparel retailer, will open 30 new outlets in China this year, Jeff Kirwan, China Managing Director and COO, has said.
Gap opened its first stores in China, the world's second-largest economy, in 2010, and it plans to take the total number of its outlets in China to 35 by the end of 2012.
It will also give the apparel retailer a presence in 10 leading cities of China. The company would also increase its workforce in China by two- to three-fold, Mr. Kirwan said.
Gap entered the Chinese market relatively late, but Mr. Kirwan sees huge growth in China's retail market over the next five years.
The retailer is likely to face competition in China from international retail chains like Uniqlo, H&M and Zara, as well as Chinese domestic apparel brands like Metersbonwe.
Gap opened its first stores in China, the world's second-largest economy, in 2010, and it plans to take the total number of its outlets in China to 35 by the end of 2012.
It will also give the apparel retailer a presence in 10 leading cities of China. The company would also increase its workforce in China by two- to three-fold, Mr. Kirwan said.
Gap entered the Chinese market relatively late, but Mr. Kirwan sees huge growth in China's retail market over the next five years.
The retailer is likely to face competition in China from international retail chains like Uniqlo, H&M and Zara, as well as Chinese domestic apparel brands like Metersbonwe.
Fibre2fashion News Desk - China
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