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December 18, 2012
12:39 EDTGPSGap announces plans to open first stand-alone stores in Brazil
Gap announced plans for the first stand-alone Gap stores in Brazil as part of the company's continuing global expansion strategy. Gap Inc. signed an agreement with Tudo Bom Comercio Ltda. for the planned opening of the first stores in the fall of 2013. Gap Inc. plans to expand its store base in the country over the next five years, part of its strong platform of growth in the Brazilian retail market. "Brazil is a critical next step in our global expansion strategy and we are excited to introduce our store experience to customers," said Stefan Laban, Managing Director of Strategic Alliances, Gap Inc. "Given that Brazil is the fifth largest country in the world and the largest Latin American economy, we feel that this market provides us with an incredible growth opportunity." Previously, Gap offered its products solely through duty-free channels throughout Brazil. The first Gap stores will open in Sao Paulo, the country's largest city followed by Rio de Janerio. The stores will house Gap, GapKids and babyGap collections.
News For GPS From The Last 14 Days
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June 29, 2015
06:20 EDTGPSGap plans two flagship stores for brands in Times Square, WSJ reports
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June 26, 2015
14:25 EDTGPSGap to take over Toys R Us location in Times Square, CNBC reports
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June 25, 2015
10:00 EDTGPSOn The Fly: Analyst Initiation Summary
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08:45 EDTGPSGap initiated with a Hold at BB&T
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