TAKE TWO: The Gap has its eye on a second freestanding store in Paris. An executive with Gap International here confirmed that the company is completing a real estate agreement for a store with roughly 11,000 square-feet of selling space to house Gap and Gap Kids.
The store, whose opening is set for next spring, will be on the commercial Rue de Rivoli, the same street on which Marks & Spencer opened its second store here in September. The executive also said that more Gap stores would probably open in France by the end of next year, but there are no confirmed plans yet.
It’s no surprise that Gap is ready to expand. Its first freestanding store opened here last spring on Rue de Passy in the 16th arrondissement. While no sales figures are available, the Passy store is often packed with families, couples and trendy Parisians snapping up Gap goods.
MOLTO BENE: Italian apparel exports surged 19.3 percent in the first half of this year to a total of $6 billion (9.276 trillion lire), according to statistics published by the Italian apparel association, Moda Industria. Moda Industria said the biggest increases were for South Korea, where exports jumped 153 percent; Japan, where exports rose 52 percent, and Hong Kong, up 49 percent.
For the U.S., Italian apparel exports rose 26 percent. The European market was less dynamic, with exports increasing 9 percent. Moda Industria also said the export trend for Italian apparel is expected to remain strong, based on initial orders for the spring/summer ’95 season, which are up 10 percent.