Us Fashion Designer Gap Plans To Expand The Number Of Chinese Outlets By 3 Times Next Year.

Largest in the US

Gap Redmond Yeung, China's chief executive, said that in the financial year of January (2011), it intends to set up 15 branches in China and will expand to 45 branches in the next fiscal year.

Yeung attended Gap's first Hongkong area today.

He continued: "we are very pleased with the performance in China, which is also the cause of the growth target of our dress brand and the reason why the proportion of investment in China is increasing."

According to the research report released by Boston Consulting Group (BCG) in July, China's fashion market is expected to grow 3 to 1 trillion and 300 billion yuan over the next 10 years.

Yeung said: "opening stores in China is not an easy thing, but everything is possible.

We are optimistic about expanding our branches. We have to expand the Chinese market. "

At present, Gap, which has about 400 branches in Asia, has 8 branches in Shanghai and Beijing, and plans to open branches in Hangzhou and Tianjin by the end of this year.

According to the research report released by Boston Consulting Group (BCG) in July, China's fashion market is expected to grow 3 to 1 trillion and 300 billion yuan over the next 10 years.