Gap to Foray into Brazil - Analyst Blog
2012年12月19日 - 7:10PM
Zacks
After gaining recognition among Brazilian customers by offering
its products via duty-free channels, Gap Inc.
(GPS) is now set to open its first Brazilian stand-alone Gap stores
in collaboration with Tudo Bom Comércio Ltda. Located in Sao Paulo,
Brazil’s largest city, the novel Gap stores will offer complete Gap
collections including Gap, GapKids and babyGap. The company expects
the store to initiate operations by fall of 2013.
Gap’s plan to step in to the Brazilian retail space is guided by
its ongoing strategy to expand globally. Brazil, being the fifth
largest country in the world and Latin America’s largest economy,
provides promising opportunities for retailers like Gap. Given such
encouraging prospects, Gap has slated down plans to significantly
bolster its presence in the Brazilian market in the next five
years.
Gap’s quest to broaden its scope beyond national borders began in
2006 with the opening of its first franchise operated store outside
U.S. Over the years, the company has come a long way in
popularizing its brands throughout the world. Moreover, the
company’s store base has increased significantly in these six
years, and it recently celebrated the opening of 300th franchise
outlet. Gap’s franchise stores are spread across 40 world markets
including Asia, Europe, Latin America, the Middle East and
Australia.
The company had first set foot in Latin America in 2011 as it
opened its first store in Santiago, Chile. The company most recent
venture in this region was its store opening in Uruguay. Apart from
these, the company has operations in Latin American countries
namely Panama, Colombia and Mexico.
Gap is a premier international specialty retailer offering a
diverse range of clothing, accessories, and personal care products
for men, women, children and babies. Its flagship brands include
Gap, Banana Republic, Old Navy, Piperlime and Athleta. Gap products
are available worldwide through a network of about 3,000
company-operated stores, more than 300 franchise stores and
e-commerce websites. The company competes head-to-head with
national and local department stores and discount stores, including
American Eagle Outfitters Inc. (AEO) and
The TJX Companies Inc. (TJX).
Currently, Gap’s shares maintain a Zacks #2 Rank, which translates
into a short-term Buy rating. Our long-term recommendation on the
stock remains Outperform.
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
TJX COS INC NEW (TJX): Free Stock Analysis Report
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