BRAZIL: Gap to open first stores as early as next year
Specialty clothing retailer Gap Inc has revealed plans to open its first standalone stores in Brazil next autumn, as part of its ongoing global expansion strategy.
The retailer has signed an agreement with Tudo Bom Comércio to open the first two stores in Sao Paulo and Rio de Janerio next autumn. The stores will sell the Gap, GapKids and babyGap collections.
Gap previously offered its products solely through duty-free channels in Brazil, and says it plans to expand its store base in the country over the next five years.
"Brazil is a critical next step in our global expansion strategy and we are excited to introduce our store experience to customers," said Stefan Laban, managing director of strategic alliances at Gap.
"Given that Brazil is the fifth largest country in the world and the largest Latin American economy, we feel that this market provides us with an incredible growth opportunity."
Gap first expanded into Latin America in 2011 with stores in Santiago, Chile. The retailer has since opened stores in Uruguay, Panama, Colombia and Mexico.
US retailer The Wet Seal has appointed Lesli Gilbert as EVP, stores and operations. ...
Specialty clothing retailer Gap Inc posted a 7% increase in May comparable store sales after customers responded positively to summer products across its brands....
Specialty clothing retailer Gap Inc has seen its financial year get off to a "strong start" with profit jumping 43% thanks to sales gains at its namesake and Old Navy chains....
Crailar Technologies, developer of the Crailar Flax fibre, is the latest company to join the Sustainable Apparel Coalition (SAC), which is working to reduce the environmental and social impacts of glo...
A group of North American retailers has gone its own way on strengthening safety efforts at Bangladesh garment factories, setting up a new initiative said to offer a long-term solution that also offer...
More retailers and brands have joined the Accord on Fire and Building Safety in Bangladesh ahead of the midnight deadline (15 May). ...
- Steps to piloting living wage in garment factories
- US apparel retailers' November 2016 sales roundup
- Planning is key to an effective inventory strategy
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Esquel efficiency drive continues to boost brands
- US Q3 in brief – Genesco, G-III Apparel, Express
- Columbia waterproof jacket first made without PFCs
- Myanmar garment industry "lacking labour rights"
- North Face parka features synthetic spider silk
- Outdoor performance apparel 2016: A broader perspective
- Footwear Top 5 Emerging Markets Industry Guide_2016
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack