SAN FRANCISCO (AP) -- Gap Inc. says it will open its first Gap stores in Brazil in 2013 as part of its effort to sell more clothing outside the U.S.
The San Francisco-based retailer said Tuesday that it plans to open the first stores in the fall in Sao Paulo, followed by Rio de Janeiro.
Many companies are looking to expand in international markets, particularly in Asia and Latin America, to drive growth. Brazil is the biggest economy in Latin America.
Gap sells clothes at Gap, Banana Republic and Old Navy stores, as well as online. It has about 3,000 company owned stores and 300 franchise stores in 90 countries.
- Clothes & Apparel