US Company Gap, once the world’s largest specialty clothing retailer, has announced plans to open stores in Australia. Gap’s arrival is good for Chadstone Shopping Centre in Melbourne and others that will host a store, since it’s another incentive to shop there.
So how does Gap stack up against the home-grown Australian specialty clothes stores? Gap’s sales per square metre in 2009 in all formats were AUD4,425, at average 2009 exchange rates. By comparison, an Australian unisex specialty clothing retailer in a regional shopping centre generated sales per square metre of almost AUD7,600 in the past financial year.
(Source: The Sydney Morning Herald Online)