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Gap Plans To Triple China Sales To $1 Billion In Three Years

Gap Inc. , which is seeking to gain share in the $1.4 trillion global apparel market, said on Wednesday at its annual investor meeting that China will be its largest growth initiative. Gap, which had $300 million in China sales in 2013, said it expects sales there to rise to $1 billion in three years. The company opened its first Old Navy store there earlier this year and had 81 Gap branded stores at the end of last year. Gap also said it will start to test allowing customers to order products online in stores and will expand its "reserve in store" service to allow online shoppers to reserve items at its more than 1,000 Gap and Banana Republic locations, up from over 200 currently.Copyright © 2014 MarketWatch, Inc....

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