Issue 2011 May 17th

This issue was created on 2011-05-17 08:53:00

  • Gap heads to Eastern Europe despite contractionMay 17, 2011
American fashion retailer Gap Inc plans to open stores in Serbia and Ukraine, as the company maintains its strategy to grow internationally as domestic sales soften. Despite announcing a contraction of its store operations both in the US and globally following soft results and rising costs, Gap has committed to two of Europe’s emerging markets through a franchise deal.
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