International Strategy

Gap Establishes International Division
April 20, 2011

Gap said it's establishing an international division based in London to ramp up overseas growth. The company will open its first Old Navy stores abroad โ€” in Japan โ€” by 2012 and said it's set a goal for international and online sales to make up 30 percent of its total by 2013, up from 22 percent in 2010 and 14 percent in 2006.

Target Expects Canadian Sales to Reach $6B by 2017
April 15, 2011

Target is projecting sales from its upcoming Canadian stores to total more than $6 billion by 2017. The company expects to have more than 200 stores in Canada within the next five years to 10 years, with the stores generating about $6.27 billion in U.S. dollars.

eBay Agrees to Acquire Shares in Turkeyโ€™s GittiGidiyor
April 13, 2011

eBay announced that it's agreed to acquire additional shares in GittiGidiyor, the leading online marketplace in Turkey. The deal follows eBayโ€™s acquisition of a minority stake in the company in 2007. Upon closing of the transaction, eBay will own approximately 93 percent of the outstanding shares of GittiGidiyor.

Target to Enter Canada With 200 Stores
April 11, 2011

Target plans to open more than 200 stores in Canada, with the first stores opening in 2013. With its first foray into the Canadian market, the big-box giant hopes to generate $6 billion in annual sales in Canada during the next six years.

Gap Opens Online Store In China
March 31, 2011

Gap has opened an online store on China's biggest e-commerce platform Taobao, in an effort to lure savvy Chinese shoppers outside wealthy cities. Gap opened its store on Taobao Mall, alongside the likes of Adidas, Levi Strauss & Co and Japan's Uniqlo.

Wal-Mart to Reopen 12 Quake-Hit Stores in Japan
March 30, 2011

Wal-Mart announced that it will reopen 12 of its Seiyu stores in Japan, which were affected by the earthquake. A company spokesman added that the retailer is hoping to open the remaining 12 impacted stores as soon as possible.

Frederickโ€™s of Hollywood Expanding to Middle East
March 18, 2011

Lingerie company Frederickโ€™s of Hollywood is expanding internationally with the signing of a licensing agreement covering six countries in the Middle East. The deal with Abu Dhabi-based Emirates Associated Business Group will lead to the opening of at least 10 Frederickโ€™s of Hollywood stores in the next three years.

Aeropostale to Open 25 Stores in Asia
March 9, 2011

Aeropostale announced that it's signed a licensing agreement with Montreal PTE Ltd., a joint venture between Apparel Group LLC and Jay Gee Melwani Group, to open approximately 25 stores across Singapore, Malaysia and Indonesia over the next five years.