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Gap unveils plans to open stores in Brazil next fall

from Dow Jones Newswires via Fox Business

Gap Inc. plans to open its first standalone Gap stores in Brazil next fall as part of the apparel retailer's effort to expand its international presence. "Given that Brazil is the fifth-largest country in the world and the largest Latin American economy, we feel that this market provides us with an incredible growth opportunity," said Stefan Laban, managing director of strategic alliances for Gap. Gap has been expanding abroad and has stores in more than 40 countries, compared with eight countries in 2006. more

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