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Gap Looking To Increase China Sales To $1 Billion In 3 Years

Gap has plans to gain share int he $1.4 trillion global apparel market. The company mentioned today at its annual investor meeting that China is their most immediate target due to growth potential. Having sold over $300 million in China last year, Gap expects that number to triple in the next 3 years.

The first Old Navy store in China was opened earlier this year and had 81 Gap branded stores by the end of 2013. Their next move is to work on allowing customers to make online orders in stores and will increase the ability to reserve items at 1000 locations (up from the current 200).