GAP TO GO OVERSEAS IN '95, SELL COSMETICS

SAN FRANCISCO--The Gap Inc. plans to sell cosmetics for the first time in a test at 50 stores beginning in November, Millard Drexler, president, said Monday.
In an another development, chief operating officer Bob Fisher told securities analysts the company plans to open stores in Japan and Germany by late 1995. Fisher noted that the company's three French stores are currently in a "test mode." He also said Gap's Old Navy division will have 50 stores by yearend and will open 50 to 100 stores in 1995.
Fisher also indicated that the company plans to open less than 40 Gap stores this year and probably even fewer in future years, according to a Dow Jones report.
As for Gap's move into cosmetics, Drexler said during a speech at the International Council of Shopping Centers annual fall convention here, the line will include shampoos, conditioners and soaps for men and women and will be sold at Gap stores.
The Banana Republic division will roll out a separate body care line in the spring, he added.
The Gap also plans next year to open 50 Old Navy stores, which carry lower-priced casual sportswear.
Drexler said the company will not add any more freestanding shoe stores, but is planning a big rollout of shoe departments in Gap stores across the country. Currently, there are only six freestanding Gap shoe stores.
Drexler also said he expects cosmetics, shoes and Old Navy Clothing Co. to fuel the company's growth.
He also said the Gap is cautiously examining the possibility of selling its products on home shopping programs. However, that would only happen when home shopping becomes a more solid selling vehicle, he said.

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