Gap set to open three-story flagship in Taiwan
TAIPEI — Gap will officially open its first Taiwan flagship store on March 8 as part of its ongoing strategy to expand Gap’s global footprint. With plans to open about 30 Gap stores across its Greater China region, including three in Taiwan, the brand expects to have more than 100 stores by the end of fiscal 2014.
“Our Taiwan entry builds on the strong performance Gap has had in other international markets, showing how the brand resonates with customers around the world,” said Jeff Kirwan, president, Greater China, Gap Inc. “We see Taiwan as an important milestone in our regional expansion and a market with ample opportunity for growth.”
PetSmart to open 70 stores
New York — PetSmart plans to open some 70 net new stores, including approximately 50 of its standard prototypes, 20 micro stores and three PetsHotels, this year.
News of the expansion comes in conjunction with the retailer’s fourth quarter results. Net income increased 14% to $132 million in the quarter, compared to $115 million in the year-ago period,
Net sales increased 2.9% to $1.8 billion. Same-store sales, including Internet sales, grew 1.2%.
Services sales, which are included in net sales, grew 2.6% to $186 million.
Corner Bakery Café to enter Indianapolis
Dallas — Corner Bakery Café has signed a new multi-unit development agreement to open its first restaurants in Indianapolis beginning later this year and the remaining sites over the next six years.
The new franchisee joins a roster of 27 franchise partners, with 53 open cafes and development commitments for more than 300 more, as Corner Bakery Cafe continues on its goal to more than double its U.S. footprint in the next three years. Corner Bakery Cafe restaurants are owned and operated by CBC Restaurant Corp. with more than 160 company-owned and franchised locations around the country.
Last month, the company announced plans to open nine new restaurants in the Central Valley, Calif., area.
Currently, the rapidly growing fast-casual chain is also looking to expand to new markets in Alabama, Minnesota, Missouri, North Carolina, Ohio, and Tennessee, among others.