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America'S Largest Clothing Retailer Enters China

2010/7/31 14:28:00 62

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Clothing Retailer

In H&M, ZARA, etc.

International clothing brand

After the taste of expansion in China, GAP, the largest clothing retailer in the United States, came late.

"It is estimated that four stores in Beijing and Shanghai will open at the same time in October."

GAP relevant responsible person said.

In order to better adapt to the Chinese market, GAP launched "

Cape

This Chinese name.

Although there were only four stores entering the Chinese market, the total area was about 1000 square meters.

GAP Beijing flagship store is located in the APM mall of Wangfujing street. Another 1800 square meter store will be located in the joy city of Chaoyang North Road. Each store will include all products of men's and women's wear, children's wear and baby's clothing.

At the same time, GAP e-commerce website will also follow up.

GAP said it will be stationed in the two or three tier cities in 2011.

As a warm-up, he will hold two games in early August in Shanghai and Beijing.

Job fair

GAP stakeholders told the Beijing Morning Post reporter that the posts covered all levels from the grassroots to the store manager.

"Compared with the global rivals ZARA, H&M and UNIQLO, GAP went to China for at least 3 years."

Analysts pointed out.

Yang Deming, President of GAP China, did not think so. "We think it is the right time."

Although pricing in the Chinese market has not yet been released, analysts generally agree that GAP will be very similar to the pricing range of ZARA, H&M and UNIQLO.

Supplement:

The 2 directors and managers of the Hongkong textile machinery agent company, through the opportunity of reselling machines to mainland customers, opened the shell company for the other side in Hong Kong, applied for the letter of credit to the bank, and exaggerated the price of the machine, so that DBS bank granted more than 300 million yuan loan to the bank.

The 2 men were convicted of 14 counts in the district court yesterday, and the case was postponed until 12 next month.

The 2 defendants were 61 year old Xi Kai and 44 year old Yu Wen Zhao, who were charged with 13 counts of conspiracy to defraud. He was accused of 1 counts of offering bribes.

The prosecution refers to the power industry as the Guangdong agent of textile machinery manufacturing companies. Successful traders will receive 1.5% commission from manufacturers.

DBS bank, in 2004, has worked with the power to introduce 7% of the interest on loans as a commission to introduce mainland businessmen to apply for loans.

During the period from May 2004 to January 2007, with the help of the power industry, 13 mainland textile traders set up shell companies in Hong Kong, and submitted 18 credit applications to DBS bank. 2 defendants instructed company accountants to submit documents that exaggerated the price of machines to the bank, and the machines with a price of 450 thousand Hong Kong dollars could be exaggerated to 620 thousand to 660 thousand. As a result, the bank finally awarded 306 million yuan loans.