San Francisco -- Gap Inc. will open its first franchise-operated Old Navy stores in the Philippines in 2014. Earlier this year, the company announced that it would begin franchising Old Navy stores internationally.
Gap will partner with Stores Specialists, which operates Gap brand and Banana Republic stores in-market, to open two Old Navy locations in the beginning of 2014 with plans to open additional stores by the end of the same fiscal year.
“With a steadily growing retail market, the Philippines represents a great opportunity for Old Navy and an important step in the brand’s international expansion,” said Sonia Syngal, senior VP of Old Navy International.
Old Navy currently operates over 1,000 stores in the U.S., Canada, and Japan, and recently announced plans to open stores in China in the first half of 2014.