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Gap Entering China, Expanding Internet

NEW YORK CITY-Domestically, the chain is also renovating its Gap and Old Navy stores, showcasing new prototypes this year.

By Debra Hazel | Updated on October 16, 2009

NEW YORK CITY-With the North American division planning to decrease its square footage by 10% over the next five years, Gap will focus its expansion plans on its online and international divisions, including opening its first unit in China, next year the company said today at its annual investor conference, held here.

Gap will open its first China store next fall and launch online stores in Canada and the United Kingdom next year, said Glenn Murphy, chairman and CEO of Gap Inc.

“We’ve been looking at China for the last two to three years,” Murphy said. “The Europeans [retailers] are well represented and the Japanese are in, but there is no significant American presence in China.”

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