US casualwear giant Gap is to ramp up store openings and enter six new markets over the coming year.
Gap told shareholders at its annual meeting yesterday that alongside plans to improve sliding sales in North America and driving e-commerce sales, expanding in international markets was key goal next year.
Gap will open stores in six new countries this year - Bulgaria, Croatia, Cyprus, Romania, Egypt and Jordan.
Gap chairman and chief executive officer Glenn Murphy added: “We are looking at China…we believe it’s a timely market, a good opportunity for us.”
Gap international sales, which include its UK stores, fell 5% on a like-for-like basis in March.