NEW YORK — Undeterred by the current weakness in its international unit, Gap Inc. plans to triple its presence in China in the space of one year even as it continues to downsize its North American operations.
At its annual investor meeting, held Thursday at the Gap Global Creative Center here, company executives outlined plans to have 45 Gap units operating in the world’s most populous nation by the end of 2012, roughly three times the number expected to be in operation by the end of the current fiscal year. A flagship in Hong Kong is planned to open Nov. 1.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)