Gap (GAP) Plans to Open 50 China Stores [Yahoo! Finance]
Gap, Inc. (The) (GAP)
US:NYSE Investor Relations:
greatatlanticinc.com
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Source: Yahoo! Finance
On March 26, 2026, Bloomberg News reported that The Gap, Inc. (NYSE:GAP) plans to establish 50 new retail stores in mainland China in 2026, following its first quarterly breakeven in the market. Vincent Qiu, chairman and CEO of Baozun Inc., which manages the American brand in China, told Bloomberg TV that the firm plans to grow into tier-one to tier-three cities and reopen stores in Hong Kong later in 2026. Qiu stated that Gap China intends to scale operations over three years, with sales growth exceeding 20% in 2026 and increasing to 30% over the next two years. He said that the breakeven point shows that the corporation's new operational model works. Gap China, which Baozun has operated since its acquisition in 2022, expanded to 164 stores in 2025 after launching 29 new sites, with sales growth exceeding 20%. Qiu reported that first-quarter sales had continued to grow strongly since late 2025 due to improved consumer demand. Gap (GAP) Plans to Open 50 China Stores Donna Ellen
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GAP
Earnings
- 3/5/26 - In-Line
GAP
Sec Filings
- 4/20/26 - Form 4
- 4/13/26 - Form 4
- 4/10/26 - Form 4
- GAP's page on the SEC website