Gap Inc sees China sales hitting $1 billion in three years

Gap Inc expects its sales in China to hit $1 billion in three years and become its second largest market, the retailer said on Wednesday at its analyst day.

Last year, Gap opened 34 namesake stores in China, bringing its total there to 81. The retailer will open another 30 this year. The company recently opened its first Old Navy stores in China.

The company operated 3,539 stores across all its brands and markets as of Feb 1. It does not break out its sale figures for China.

Gap Inc also said it would expand a service that allows shoppers to reserve items online for pick-up in store to all of its namesake stores this year, as part of efforts to blend its e-commerce and store businesses.

The retailer, which also operates the Banana Republic chain, will also start testing a feature allowing shoppers to order items online while they are in a store.


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