gap closing - stores opening instead in China
Channel: Mbawadinnenmarketing
Date: 15/10/2011

Gap Inc. is closing stores throughout North America, while expanding its retail presence in China.

Gap Inc., whose various holding include Gap, Old Navy and Banana Republic, announced Thursday plans to close 189 North American Gap locations, or 21 percent of its total number of stores, by 2013. At the same time, the company intends to triple the number of its locations in China and add a flagship Gap store in Hong Kong.