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A reported blog on happenings around Latin America.

Gap expands to South America

The clothing retailers opens its first South American store in Chile tomorrow.
Gap store chile 2011 10 13Enlarge
Pedestrians walk by a Gap store in San Francisco on May 19, 2011. (Justin Sullivan/Getty Images)

Gap is making its South American debut tomorrow.

The U.S. clothing retailer is opening a store at the Parque Arauco Mall in Santiago, Chile. It plans to open a second store in Concepcion in November.

The company said it would also open Gap and Banana Republic stores in Panama and Colombia next year.

"With a nearly $6 billion apparel & footwear market, a retail sector that makes up 9.4% of the country's GDP, and a proven customer base interested in American style and brands, Chile represents a natural extension for our brands," said Stefan Laban, managing director of strategic alliances for Gap Inc.

Follow Stephanie on Twitter: @stephaniegarlow

http://www.globalpost.com/dispatches/globalpost-blogs/que-pasa/gap-south-america-store-chile

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