(Reuters) - Clothing retailer Gap Inc
The company plans to open its first Gap store in Egypt next month and the first Gap and Banana Republic stores in Morocco in October.
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The stores will house Gap, GapKids and babyGap collections and Banana Republic's accessible luxury clothes and accessories for men and women, the company said in a statement.
Earlier this year, Gap had announced plans to open stores in Serbia and Ukraine. It is a part of the company's international push to reducing its reliance on North America, where sales have been declining.
Shares of the company closed at $17.96 on Wednesday on the New York Stock Exchange.
(Reporting by Abhishek Takle in Bangalore; Editing by Joyjeet Das)