Gap brand closing 34% of U.S. stores; Piperlime test store coming San Francisco Business Times by Sarah Duxbury, Reporter Date: Thursday, October 13, 2011, 10:57am PDT - Last Modified: Thursday, October 13, 2011, 2:46pm PDT
Gap Inc. plans to close over 100 more of its namesake stores in the U.S. by the end of 2013, part of a company strategy to reduce its total square footage across all brands, and Gap in particular. At an investor meeting in New York, Gap (NYSE: GPS) executives said that by the end of 2012, Gap Inc. will have reduced its total real estate square footage in North America by 10 percent compared to 2007 levels.................>>>>.......................>>>>..............http://www.bizjournals.com/sanfrancisco/blog/2011/10/gap-brand-closing-34-of-us-stores.html
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Gap bullish on international, China strong San Francisco Business Times by Sarah Duxbury, Reporter Date: Thursday, October 13, 2011, 2:17pm PDT - Last Modified: Thursday, October 13, 2011, 2:26pm PDT
Gap Inc. said it expects to have 45 stores open in China at the end of 2012. It had five Chinese stores open as of July 30. That is just one reason the San Francisco clothing seller (NYSE: GPS) remains so bullish on international opportunities. It is committed to significant growth overseas over the next three years even as it plans to shrink its North American square footage by 10 percent, particularly at its namesake Gap brand.......................>>>>..................>>>>..................http://www.bizjournals.com/sanfrancisco/blog/2011/10/gap-bullish-international-china-strong.html
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