Gap (NYSE:GPS) announced today plans to open its first Banana Republic store in Paris in early December 2011.
Synonymous with culture, quality, heritage and style, the store will be located on Avenue des Élysées, one of the most popular international shopping destinations in the world.
The flagship store is part of Gap Inc's onegoing strategy to bring Banana Republic's affordable luxury offering to new markets around the world, including Europe.
Last year, the company opened its first Banana Republic in Italy in Milan.
Gap Inc (NYSE:GPS) has a potential upside of 21.6% based on a current price of $16.28 and an average consensus analyst price target of $19.80.
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