WAL-MART And Clothing Giant Gap Will Push Online Stores In China
October 19th, according to reports, local time on Monday, the world's largest retailer WAL-MART and the American clothing giant Gap will launch online stores in China to nugget in the fast-growing e-commerce market in China.
According to the news,
Eduardo Castro-Wright, head of WAL-MART global electronic commerce department, said at a meeting earlier this month that the company is very excited about China's potential of the "online retail market". Eduardo, Castro-Wright
Gap will open online stores in China next month.
Reported that WAL-MART expects that in the next 5 years, China will surpass Japan and the UK, becoming the second largest in the world after the US.
Supplement:
Gap is one of the largest professional retailers in the world. The company plans to expand its global apparel market share to $1 trillion and 400 billion by combining international and online expansion and improving North American business.
"On the one hand, we have never given up the goal of expanding the market share of North American business. On the other hand, our strong brand portfolio, combined with several powerful platforms, such as sales outlets, online sales and franchise stores, has enabled us to grow in the world," said Glenn Murphy, chairman and chief executive officer of Gap. "We are making the necessary investment to balance revenue through online sales and international business over time," Glenn Murphy said.
As the company's goal is to expand overall sales, the company predicts that international and online sales in 2013 will account for more than 1/4 of the total net sales of the company. Stores and online channel sales, including third party partners, will sell products to consumers in more than 80 countries at the end of 2010, compared with 25 in the beginning of this fiscal year. At the end of 2010, the company plans to set up online sales outlets in China and Italy, the two countries in the world's top ten apparel markets.
- Related reading
- Market quotation | State Purchase And Storage Difficult To Change Cotton Price Weakness
- I am at the scene. | India Fashion Week: The Hollowed Out 3D New Product Of Designers Alpana And Neeraj
- Fabric accessories | Cotton Market In Henan Basically Maintains Pre Holiday Situation
- Footwear industry dynamics | Wang Zhentao, Chairman Of Wenzhou Federation Of Industry And Commerce: "Running On The Road" Phenomenon Is Very Few.
- Fabric accessories | Focus On The 2011 China International Fabric Design Competition
- channel management | GUCCI Is Accused Of Abusing Employees: Follow Up: Executives Have Been Withdrawn.
- financial news | The Hatred Of The United States And The Renminbi
- policies and regulations | Wenzhou City Finance Bureau To Help Small And Micro Enterprises Tax Relief
- market research | The Cost Of Raw Materials Rose To More Than 70% Of Enterprises Headache.
- Foreign trade information | Heat Waves Hit &Nbsp At The End Of The Month; Sales Of Clothing Dropped Sharply.
- Harbin'S Clothing Market
- Ya Ying Clothing Is Sponsoring The Zhejiang Games.
- Minnan Garment Enterprises Acquire Foreign Brand &Nbsp; Beware Of "1+1<2".
- Rongsheng Petrochemical: PTA Boom Rises &Nbsp; Capacity Expansion Has A High Effect.
- South Fujian Enterprises Dominate The "Foreign Brand" &Nbsp; Need To Prevent 1+1<2 Effect.
- Wenzhou Garment Enterprises: "Shortage" And "Labor Shortage"
- Jiangbei's First Independent Brand Clothing Company Sinor Listed
- Rubber Price Rises &Nbsp; &Nbsp; Shoe Material Price Such As "Arrow On String"
- How Far Is It From Circulation To Brand?
- China'S Footwear And Other Shoddy Commodities Have Been Caught Up In The Chase.