Business

Reliance Retail Opens First Gap Store In India In Infiniti Mall, Mumbai

Reliance Retail today announced the opening of the first freestanding Gap store in India in Mumbai’s Infiniti Mall, Malad. The launch of this Gap store marks a milestone in the long-term partnership between Reliance Retail Limited and Gap Inc. through which the former is the official retailer for Gap across all channels in India.

After opening over 50 Gap shop-in-shops since last year, Reliance Retail now initiates the second phase of the launch with the new Gap store in Infiniti Mall. The expansion of Gap’s India presence will include a series of freestanding store openings across the country in the coming months.

Gap Infiniti Mall will serve as the fullest expression of the brand featuring denim, logo products, khakis, and modern essentials for the family across women, men, kids, and babies.

Statement by President & CEO, of Fashion & Lifestyle, Reliance Retail Limited

On the opening of Gap’s first store in India, Akhilesh Prasad, President & CEO, of Fashion & Lifestyle, Reliance Retail Limited, said, “We are thrilled to bring the iconic Gap back to India in a new avatar. On visiting the new Gap stores, customers will not only discover a brand new retail identity, but a tech-enabled shopping experience including smart trial rooms, express check-out, and an omni experience, along with a better price value. While the opening of freestanding stores is an important driver of Gap’s long-term growth plan in India, it also gives us yet another opportunity to bring world-class brands and a differentiated shopping experience to our discerning Indian consumers”.

“We are excited to partner with Reliance Retail to continue growing our presence in India through our partner-based model,” said Adrienne Gernand, Managing Director of International, Global Licensing and Wholesale at Gap Inc.

He further said, “Growing Gap’s brick-and-mortar business through the launch of freestanding stores and multi-brand store expressions enables us to increase accessibility for Indian customers and meet them where they are shopping”.

An overview of Gap

Gap is an authority on modern American style. Founded in San Francisco in 1969, Gap continues to build on its heritage grounded in denim and khakis made through Washwell, Gap’s water-saving program that uses at least 20% less water compared to conventional garment-wash methods. Gap is a lifestyle brand that includes adult apparel and accessories, Gap Teen, Gap Kids, babyGap, Gap Maternity, Gap Body, GapFit, and Gap Home collections. The brand connects with customers online and in company-operated and franchise retail locations globally, and also serves value-conscious customers with exclusively designed collections for Gap Outlet and GapFactory Stores. The gap is the namesake brand for leading global specialty retailer, Gap Inc. (NYSE: GPS) which includes Old Navy, Gap, Athleta, and Banana Republic brands.

Founded in San Francisco in 1969, Gap continues to build on its heritage grounded in denim and connect with customers online and in company-operated and franchise retail locations globally. With a strong vision of doing more than selling clothes, Gap shapes culture, championing a uniquely radical and optimistic sense of American style by bridging the gap between individuals, generations, and cultures.

About Reliance Retail Limited

Reliance Retail Limited is a subsidiary of Reliance Retail Ventures Limited, the holding company of all the retail businesses under Reliance Industries Limited. RRVL, through its subsidiaries and affiliates, operates an integrated omnichannel network of 17,225 stores and digital commerce platforms across Grocery, Consumer Electronics, Fashion & Lifestyle, and Pharma consumption baskets and has partnered with over 2 million merchants through its New Commerce initiative. RRVL reported a consolidated turnover of Rs 199,704 crores ($ 26.3 billion) and a net profit of Rs 7,055 crore ($ 931 million) for the year ended March 31, 2022.

Reliance Retail is India’s largest retailer with established competencies in operating robust omnichannel retail networks and scaling local manufacturing and driving sourcing efficiencies. Through its partnership with Gap, Reliance Retail will bring Gap’s shopping experience to customers across India through a mix of exclusive brand stores, multi-brand store expressions, and digital commerce platforms.

The Gap store, located at Infiniti Malad, Mumbai opens on the 24th of February 2023 at 7:00 pm and will be open Monday to Sunday from 11:00 am to 9:30 pm. Customers and fans can engage with the brand on the Gap India Instagram and Facebook pages @gapindia.

Also read: PineBridge Looks Past Adani Group Saga To Load Up On Stocks In India

Spriha Rai

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