US Gap chairman and chief executive Glenn Murphy has outlined domestic and international growth plans and intends to expand the retailer’s Outlet business with new shops in the UK, Japan and Canada.
Murphy said Gap’s online and international business has grown by $500m (£305.6m) between 2006 and 2008 and both areas continue to offer good growth potential.
Gap will expand online and introduce a further 50 labels to its shoe website Piperlime this summer, as well as remodel 50 of its US Old Navy stores. It has also secured a tie-up to develop a collection for GapKids and BabyGap with Stella McCartney, which will launch later this year.
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