San Francisco Gap Inc. opened its first Banana Republic Factory Store and Gap Factory Store in Canada.
"During our meeting with investors last week, we described our focus on improving our core brands while we also identified growth opportunities in our International and online businesses," said Art Peck, president of Gap Inc. Outlet and executive VP of corporate strategy and operations.
The Outlet division has grown since its debut 14 years ago to several hundred Banana Republic Factory Stores and Gap Outlet stores in the United States, United Kingdom and Japan. The first stores in Canada are located at the Vaughan Mills Mall in Ontario.