Like Gandhi Libraries, Walmart opens the door to gap
According to the recent results of the first fiscal trimester (1T21) of GAP, from March to May, they are a sign of the recovery of the textile sector and are a good omen for the presentation of the Quarterly Balance of Inditex.
The company saw how its sales fired 89% with respect to the same 2020 period, when it reached 3.991 million dollars with respect to 2.107 million the year of the coronavirus outbreak.With a benefit of 166 million dollars compared to the red numbers of 932 million accumulated in the first quarter of 2020.
As for the market in Mexico, an alliance could catapult that retail giant, since another relevant brand of the sector, Walmart and due to its muscle in stores have earned it a valuable brand in the market, announced a distribution agreement with the first.
As will be remembered, GAP is one of the brands that marks the history of American fashion, and with the news of the arrival of GAP to Walmart, through an unusual movement, patents the collaboration that will begin to occur in retail, whereThe stores are turning their spaces into areas of opportunity.
If we consider that great chains like Walmart consolidate a huge number of pedestrian traffic, it adds to the trends of other brands, such as the appearance of the Gandhi bookstore in Walmart stores.
GAP Home is GAP's new surprise and to avoid sacrificing space in its stores, the clothing brand has decided to take its line to Walmart, where it will unexpectedly begin to sell its products.
The great collaboration will begin with the sale of bedding, bathroom accessories and other decoration products, which will begin to be sold on the web from June 24.
The GAP entrance to the home products market is part of a strategy with which the popular brand has created 400 home accessories in all categories that have already been mentioned and with approximately 317 pesos to prices untilThe 1,291 pesos.
In this regard, Anthony Soohoo, Executive Vice President of Hogar in Walmart, stressed that we will see any number of collections in the coming years.
With market information 2.0 and digital economy
Winter Prep List: How to Get Ready for Winter
06/06/2022Are you prepared for winter? It's not too late to get ready, but you'll want to take care of some important tasks in order to make sure you're prepared for the cold weather. This winter pr...