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.

20140428-215858.jpg

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: