GAP Presses Accelerator In Chinese Market
Starting from the peak of 21 billion 100 million yuan in 2013, GAP shares fell all the way, and sales in the first quarter of 2020 were more than $100 million due to the outbreak. GAP's performance in the US market is not satisfactory, but it does not affect its development in the Chinese market.
It is understood that all stores in China have resumed their business in April 21st and have opened four new stores in Shanghai, Shenyang, Chongqing and Chengdu. And the new product of children's clothing opened the first "cloud conference" on Taobao's live broadcast, and the mode of "cloud walk show" enables consumers to see and buy through the live broadcast platform. GAP is pressing the accelerator in the Chinese market.
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