Gap to expand in RP
The San Francisco-based company said it would open about eight Gap stores and four Banana Republic stores around the
The first Gap store is expected to open by year’s end, while Banana Republic will open next spring, the company said.
Gap said it would select suppliers for the stores, while the Rustan Group will operate them and stock their shelves.
In all, the company plans to open eight Gap and four Banana Republic stores in the
“The
Gap, which also runs Old Navy, has similar franchise agreements in 11 countries throughout the
The retailer has been struggling to correct slumping sales at Gap and Old Navy, whose stores and merchandise analysts have said need makeovers to entice shoppers.
Gap has also seen market share erode to a host of competitors, including Kohl’s Corp. and Target Corp.
- Latest
- Trending