China'S GAP Old Navy Will Enter More Than 100 Chinese Companies.

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< p style= "text-align: left >" recently, the US apparel retail chain giant GAP "a href=" http://sjfzxm.com/news/index_c.asp "> cover group" /a "announced the fourth quarter and annual results in 2013, and announced that it will continue to open 30 stores in mainland China.

Since opening its first store in China three years ago, the brand GAP of the same brand of Cape group in 2013 has continued to open 34 stores in the mainland of China, bringing the total number of GAP shops in the country to 81.

This means that GAP will have more than 100 stores in China this year.

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< p > it is noteworthy that the Cape group will officially introduce its largest clothing brand "a href=" http://sjfzxm.com/news/index_c.asp "Old Navy < /a" on the 1 day of next month to the Chinese market. Ke Weijie, chief executive of the Greater China region of GPU group, told reporters that GAPP group plans to open 5 Old Navy stores in China in fiscal year 2014, and Suzhou, Wuxi and other cities are all considering their entry targets.

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< p > in addition to < a href= "http://sjfzxm.com/news/index_c.asp" > GAP < /a > Old Navy, there are several brands including the Banana Republic, Piperline, Piperline and "Navy".

"We will first introduce the largest brand into China, and consider taking other brands such as Banana Republic into consideration according to its specific sales situation."

Ke Weijie said.

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At the end of last month, the Swedish fashion retailer Hennes & Mauritz (H&M) announced that 375 stores will continue to open in the 2014 fiscal year, and China is expected to be one of its main markets in the year of P.

In the past year and a half, the number of Japanese clothing brands, namely a href= "http://sjfzxm.com/news/index_c.asp", "UNIQLO" /a ", has more than 130 new outlets in China.

As more "fast fashion" brands enter the Chinese market and grow stronger, the competition will become more intense.

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< p > < strong > Gap Q4 the profit exceeds expected. The annual electricity supplier income exceeds $22 billion < /strong > /p >

"P > Gap" cover Pu "local time 27 days later released four quarter and annual earnings report, fourth quarter earnings per share of $0.68, compared with the same period last year fell 6.8%, but more than analysts forecast, fourth quarter income fell 3.1% to 4 billion 575 million U.S. dollars.

The fourth quarter of the fiscal year, which needs to be explained, is 13 weeks, while the last fiscal year is 14 weeks. The fourth quarter sales in the same store increased by 1%.

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< p > 2013, the three major brands of Gap GAPP were different, including Gap brand, same store sales increased by 1%, Old Navy brand increased 2%, Banana Republic had 1% decline.

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< p > all year round, the revenue of Gap cover Pu increased by 3.2% to 16 billion 148 million US dollars, compared with 156.51 US dollars in the same period last year, of which Gap earned 6 billion 351 million US dollars, Old Navy earned 6 billion 257 million US dollars, Banana Republic had 2 billion 868 million US dollars.

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< p > by the four quarter of February 1, 2014, group online sales recorded an increase of $698 million, an increase of 15.9%, and online sales of 2 billion 260 million US dollars, an increase of 21.5% over the same period last year.

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The net profit of P, Gap in the fourth quarter, was 307 million US dollars, down 12.5% from 351 million US dollars last year, gross profit 1 billion 593 million US dollars, down 10.3% from last year's 1 billion 776 million US dollars, and operating profit recorded 522 million US dollars, down 13.3%, compared with 602 million US dollars in the same period last year.

The gross profit margin for the fourth quarter was 34.8%, a big decrease compared with 37.6% last year.

The net profit for the year was 1 billion 280 million US dollars, up 12.8% from the 1 billion 135 million US dollars in the same period last year, and the earnings per share were US $2.74.

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By the end of February 1, 2014, Gap has a total of 3539 stores in the world, of which 3164 are self operated, and 2014 groups are expected to open 175 new stores and close 70 P stores.

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