San Francisco — The first two Old Navy stores will open in Manila in March and there are plans to open three more stores in the second half of the year for a total of five Old Navy stores in 2014.
San Francisco — Gap Inc. plans to open five franchise-operated Old Navy stores in the Philippines in 2014, an important pillar of the company’s international growth strategy for the brand. The first two Old Navy stores will open in Manila in March and there are plans to open three more stores in the second half of the year for a total of five Old Navy stores in 2014.
“This is an extremely exciting time for Old Navy,” says Robert Frank, EVP, Old Navy International. “With our recent entry into China and continued growth in Japan, the openings in the Philippines position us for further growth in Asia and beyond.”
“The Philippines is a natural fit for Old Navy as the country has a strong and growing economy, and consumers in the market are interested in iconic American apparel brands,” says Blair Dunn, general manager, Old Navy Franchise. “Through local partners we have immediate access to a deep understanding of the marketplace and consumer needs.”
The first of two Old Navy stores, a dedicated three-story building, will open in the heart of Manila’s fashion and shopping district, Bonifacio High Street, on March 22. The second store will open in the prominent Glorietta mall on March 29.
The three additional Old Navy stores are targeted to open in the Manila area in the second half of this year in new and existing developments.
Old Navy is partnering with Stores Specialists, Inc. to open the stores, which already operates Gap brand and Banana Republic stores in the Philippines.
Originated in 1994, Old Navy has now grown to one of the largest apparel retailers in North America. A division of San Francisco-based Gap Inc., Old Navy has more than 1,000 stores in the U.S., Canada and Japan. For more information, visit www.oldnavy.com.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Gap has about 3,100 company-operated stores, over 350 franchise stores, and e-commerce sites. For more information, visit www.gapinc.com.
Stores Specialists, Inc. (SSI) is a wholly Filipino-owned corporation established in 1987 with the mission of pioneering into freestanding specialty store concepts.
SOURCE: Gap Inc.