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Gap to open 10 new stores in China
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US-BASED Gap Inc will open 10 new stores within the next two months in China as the country becomes the most significant growth market for the group, Gap China head said.
Abinta Malik, senior vice president and general manager of Gap Inc for China’s mainland, Hong Kong, and Taiwan, said the group aims to keep the same pace of growth in the next five years.
The company will also focus on enhancing online-to-offline interaction in the next five years to meet changing shopping behaviors of Chinese consumers, according to Malik.
She said the company will introduce Banana Republic brand to the China market but she declined to reveal when.
Gap entered the China market in 2010 and now operates more than 140 stores in the mainland, Hong Kong, and Taiwan.
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