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Stock Market & Financial Investment News

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March 1, 2014
15:30 EDTGPSGap plans to expand store count in China, WSJ says
U.S clothing retailer Gap plans to open 25 Gap stores and up to 10 Gap outlet stores in China in 2014, says the Wall Street Journal. In an interview, Jeff Kirwan, president of Gap's China division, said, "The opportunity in China is undeniable," added the Wall Street Journal. The Gap currently has 80 stores in the country. Reference Link
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July 21, 2014
14:02 EDTGPSGap expands brand to Slovenia and Austria
Gap announced that it will introduce the Gap brand to Slovenia and Austria through agreements with new and existing franchise partners. Magistrat International has been selected for the launch of Slovenia and Gottex, which currently manages the Gap franchise business in Israel and Hungary, will launch Austria. Gap has signed a new agreement with Magistrat International to open three stores for the first time later this year in the capital city of Ljubljana. City Park. All locations are scheduled to open by September this year. Gap will also open its first store in Vienna, Austria this October through an existing relationship with Gottex Brands, which is a part of the Trimera Group.

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