Gap expands to South America
Pedestrians walk by a Gap store in San Francisco on May 19, 2011.
Gap is making its South American debut tomorrow.
The U.S. clothing retailer is opening a store at the Parque Arauco Mall in Santiago, Chile. It plans to open a second store in Concepcion in November.
The company said it would also open Gap and Banana Republic stores in Panama and Colombia next year.
"With a nearly $6 billion apparel & footwear market, a retail sector that makes up 9.4% of the country's GDP, and a proven customer base interested in American style and brands, Chile represents a natural extension for our brands," said Stefan Laban, managing director of strategic alliances for Gap Inc.
The story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!