Gap Inc. (NYSE:GPS) announced the opening of the first Banana Republic store in Russia through its franchise channel. The company also said it will open its first Gap store in Serbia on Friday.
Stephen Sunnucks, international president for Gap Inc. said, "We are very proud to not only be introducing Banana Republic to Russia, but also opening our 200th franchise store. This is a significant landmark for our goal of growing our franchise store base to 400 by 2014."
Gap Inc has a potential upside of 21.6% based on a current price of $16.28 and an average consensus analyst price target of $19.8.
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