Gap’s 50th India store opened at Phoenix Palladium Mall in Mumbai
Reliance Retail inaugurated its 50th Gap store in India at Mumbai’s Phoenix Palladium Mall.
In the year By 2022, the two companies have signed a franchise agreement that will make Reliance Retail the official retailer for Gap across all channels in India.
The store features Gap’s collection of modern essentials, including denim, logo products and khakis for all ages.
Akhilesh Prasad, President & CEO, Fashion & Lifestyle, Reliance Retail Limited said: “We are delighted to unveil the new Gap store at the Phoenix Palladium Mall. This store represents a new and vibrant evolution of the Gap retail experience in India, combining global style with intangible value.
“When visiting the new Gap stores, customers will not only experience the new product range, but a technology-enabled shopping experience with smart fitting rooms, endless aisles and an all-in-one experience, along with better value for money.”
The Phoenix Palladium store reflects Gap’s commitment to combining style, accessibility and innovation.
With plans to expand further in India, the brand aims to introduce its signature style and quality to a wider audience.
“We are proud to partner with Reliance Retail to continue growing the GAP brand in India,” said Facundo Ginobili, Gap’s senior vice president of franchise and wholesale. Achieving this milestone of 50 stores reflects the brand’s tremendous enthusiasm in the market and reinforces our commitment to providing iconic American style to customers across the region.
Reliance Retail recently reported that fiscal 2025 (Q3) revenue reached Rs903.33bn ($10.45bn), up 8.8% year-on-year (YoY) and 18.4% quarter-on-quarter. quarter
The company’s operating earnings before interest, taxes, depreciation and amortization (EBITDA) showed a 9.8% YoY improvement.
The retail giant reported a profit after tax of Rs34.85bn for the quarter, a 10.1% YOY improvement.
This quarter, Reliance Retail inaugurated 779 new stores, taking the total number to 19,102 stores with an area of 77.4 million feet.2.
Q3 of FY25 also saw more than 296 million footfalls, showing a 5% YoY growth.
“GAP’s 50th India Store Opens at Mumbai’s Phoenix Palladium Mall” was originally created and published by Retail Awareness NetworkA trademark owned by GlobalData.
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