Gap opens outlets in Canada |
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| Monday, 27 October 2008 | |
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Apparel chain Gap Inc. opened its first two outlet stores in Canada, as part of an overall expansion into overseas markets. The stores,
a Banana Republic Factory store and a Gap Factory Store, are located at the Vaughan Mills Mall in Ontario. The outlet division stores will be named 'Factory' stores in the Canadian market.
"During our meeting with investors last week, we described our focus on improving our core brands while we also identified growth opportunities in our International and online businesses," said Art Peck, president of Gap Inc. Outlet and executive vice president of Corporate Strategy and Operations. "Bringing our outlet brands to Canada is a perfect next step in our growth strategy, as we match our Canadian customers with the strongest value expressions of our brands." Gap Inc. is an international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies. The company operates under the Gap, Banana Republic, Old Navy, Piperlime and Athleta brand names. Started in 1994, the outlet division has grown to several hundred Banana Republic Factory Stores and Gap outlet stores in the United States, United Kingdom and Japan. |
