Gap Shut Down 189 Stores In The United States To Attack China

2011/10/17 15:35:00 27

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Struggle

First major costumes for survival

Retail chain store

Gap Inc. plans to abolish us stores and shop in China.

GAPP owns Gap, Banana Republic, Old Navy and other clothing brands.

The Associated Press reported today that it plans to close 189 Gap stores in the United States by the end of 2013, or 21% of the US stores.

In China, GAAP hopes to increase the number of stores to 3 times, from about 15 at the end of this year to about 45 at the end of next year.

The report said the move was related to Gap's previous goals.

He said it would reduce the total number of square feet in the US by 10% by the end of 2013, and double its revenues outside the US, reaching 30% of the total revenue by the end of 2013.

The report quoted Mo Fei, chief executive of Glenn Murphy, as a statement: "the company is global.

strategy

As well as the combination of outstanding growth platforms, we are in a favorable position to enter the top 10 global apparel markets.

"In North America, the company is taking a series of steps to promote sales in the near future, and I am confident that under the strong management team, the company's business will continue to grow."

Like other American businesses in all walks of life, GAAP is looking for opportunities to grow overseas when Americans are tightening their spending during the recession.

But even the US economy.

Decline and decline

Before the competition of Abercrombie and Fitch and H&M became increasingly fierce, the advantage of the fashion has also been

fade

。