Delhi gets India's first Gap store, Arvind eyes Rs 1,000 crore sales in 6 years

NEW DELHI: US apparel retailer Gap's Indian franchisee Arvind Lifestyle Brands is targeting Rs 1,000 crore revenue from the brand in 5-6 years as it readies to debut in the country.

Gap's first store will be launched in Delhi on Saturday.

"Gap will be a Rs 1,000 crore revenue opportunity in the next 5-6 years. Gap's first store will be launched in Delhi on Saturday," Arvind Lifestyle Brands Managing Director J Suresh told PTI.

On future plans, Suresh said: "We are looking at opening 10 stores with an investment of Rs 100 crore by mid of next year. Store openings will depend on space availability but we plan to focus on Delhi, Mumbai and Bangalore for Gap's first 10 stores."

Arvind Lifestyle Brands plans to open 40 stores in five years in top 15 cities of the country.

"Only after we have opened 40 stores, we will think at opening stores at smaller towns," he added.

Gap's full range of clothing and accessories for men, women and kids will be available in its stores in the country.