By  on July 29, 2011

ROME — As part of its bullish international expansion strategy, Gap Inc. opened its first Gap flagship in Rome on Saturday and said it hopes to open four new Gap and Banana Republic stores in Italy by the end of 2011.

Despite pressures from rising production costs and having slashed its full-year profit outlook in May, the company is marching on with expansion plans and expects to reach 25 new company store openings worldwide by yearend.

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