HomeBusinessGap's 50th Indian store opens at Phoenix Palladium mall in Mumbai

Gap’s 50th Indian store opens at Phoenix Palladium mall in Mumbai

Reliance Retail has opened the 50th Gap store in India at the Phoenix Palladium Mall in Mumbai, setting a new benchmark in its alliance with the international clothing label.

The milestone follows the two companies entering into a franchise agreement in 2022, making Reliance Retail the official retailer for Gap across all channels in India.

The store showcases an extensive collection of modern Gap essentials, including denim, logo products and khakis for all ages.

Reliance Retail Limited fashion and lifestyle president and CEO Akhilesh Prasad said: “We are excited to unveil the new Gap store at Phoenix Palladium Mall. This store represents a fresh and vibrant evolution of Gap’s shopping experience in India, combining global style with unbeatable value.

“When visiting the new Gap stores, customers will discover not only the new product range, but also a technology-enabled shopping experience including smart tasting rooms, an endless aisle and an omni experience, along with better value for money.”

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The Phoenix Palladium store reflects Gap’s commitment to combining style, accessibility and innovation.

With plans to expand further in India, the brand aims to introduce its signature style and quality to a wider audience.

Gap franchise and wholesale senior vice president Facundo Ginobili said: “We are proud to partner with Reliance Retail to further grow the GAP brand in India. Reaching this milestone of 50 stores reflects the incredible enthusiasm for the brand in the market and reinforces our commitment to delivering iconic American style to customers across the region.”

Reliance Retail recently reported that revenue for the third quarter (Q3) of fiscal year 2025 (FY25) was Rs903.33 billion ($10.45 billion), up 8.8% year-on-year (year-on-year) and a an increase of 18.4% quarter on quarter. -quarter.

The company’s operating earnings before interest, taxes, depreciation and amortization (EBITDA) improved 9.8% year-on-year.

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The retail giant reported a profit after tax of Rs34.85 billion for the quarter, an improvement of 10.1% year-on-year.

During this quarter, Reliance Retail inaugurated 779 new stores, bringing the total to 19,102 stores with an operational area of ​​77.4 million FTEs.2.

In the third quarter of FY25, the number of visitors also exceeded 296 million, demonstrating a 5% year-on-year growth.

“Gap’s 50th Indian Store Opens at Phoenix Palladium Mall in Mumbai” was originally created and published by Retail Insight Network, a brand owned by GlobalData.


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