Gap to make official freestanding debut in Mexico
San Francisco — Gap Inc. announced Friday that it will open its first standalone store in Mexico, part of the retailer’s previously announced global expansion strategy.
The new store, to be located at Interlomas Mall outside Mexico City, expands on Gap’s store-in-store concepts in Liverpool Department stores in the region.
“We are excited to expand on our product offerings in Mexico and bring Gap’s unique store experience to customers,” said Stefan Laban, managing director of strategic alliances for Gap Inc. “A stand-alone store is the natural next step for expanding our presence in the country. Consumers responded positively to our initial product offerings in Mexico, so we believe there is tremendous opportunity for us in the market for this store and beyond.”
Gap will leverage an existing wholesale relationship with Distribuidora Liverpool, S.A. DE C.V., in the opening of the new 10,000-sq.-ft. location that will feature Gap, GapKids and BabyGap collections.
Following the successful launch of the first Gap stores in Central and South America, the Mexico City store is a next step toward growing Gap’s footprint in the regions.
Other international store openings for 2012 include Bogota and Medellin this October and Uruguay later this year.
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Sears, Kmart jump on layaway bandwagon by waiving fees
Hoffman Estates, Ill. — Sears Holdings Corp. said Friday that both its Sears and Kmart banners would waive layaway fees for the holidays, allowing shoppers to open interest-free pay-over-time programs at both stores and online with no customary initial fees. Kmart’s program will run through Nov. 17, but Sears Holdings had yet to set a timeframe for its namesake stores.
In the past, Kmart and Sears have charged $5 for an eight-week layaway contract and $10 for the 12-week program.
The announcement comes just days after Walmart publicized that it would lower its upfront layaway fee to $5 and Toys “R” Us eliminated its upfront service fee for layaway orders created in-store from Sept. 4 through Oct. 31.
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Mississippi high court rules Wal-Mart not responsible for selling ammo to minor
Jackson, Miss. — The Mississippi Supreme Court has ruled 5-4 that Wal-Mart Stores Inc. is not liable for selling bullets to an underage customer who then used the ammunition to commit murder.
The lawsuit was filed by the relatives of Robert Williams, who was shot and killed by his girlfriend’s son in 2006. The son, Xavier Zurndell Moore, was 20 years old at the time, and shot Williams with ammunition purchased at a local Walmart store. Federal law requires that a person be 21 to buy pistol ammunition.
Moore pleaded guilty to manslaughter.
To reach their decision, a majority of the Mississippi Supreme Court found that there was little evidence to prove that Wal-Mart knew Moore was under age."Further, nothing in the record suggests that, at the time of purchase, Wal-Mart had any reason to believe that Moore would commit a criminal act," the court ruled.
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