Reliance Retail has established the 50th Gap store in India at Phoenix Palladium Mall in Mumbai, achieving a new benchmark in its alliance with the international clothing label.
The milestone comes after the two companies entered into a franchise agreement in 2022, making Reliance Retail the official Gap retailer 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 delighted to unveil the new Gap store at Phoenix Palladium Mall. This store represents a fresh and vibrant evolution of the Gap retail experience in India, combining global style with unbeatable value.
“When visiting the new Gap stores, customers will not only discover the new product range, but also a technology-enabled shopping experience including smart trial rooms, an endless aisle and an omni experience, along with better value for money. “
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 franchisee and senior vice president of wholesale Facundo Ginobili said: “We are proud to partner with Reliance Retail to continue growing the GAP brand in India. Achieving 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 its revenue for the third quarter (Q3) of fiscal 2025 (FY25) reached Rs903.33bn ($10.45bn), marking an increase of 8.8% year-on-year (YoY) and an increase of 18.4% quarter forward -quarter.
The company's operating earnings before interest, taxation, depreciation and amortization (EBITDA) saw a YoY improvement of 9.8%.
The retail giant reported profit after tax of Rs34.85bn for the quarter, a 10.1% YoY improvement.
During this quarter, Reliance Retail set up 779 new stores, bringing the total count to 19,102 stores covering an operational area of 77.4 million feet2.
Q3 of FY25 also saw the number of visitors exceed 296 million, showing a YoY growth of 5%.
“Gap's 50th Indian store opens at Phoenix Palladium Mumbai” was originally created and published by Retail Insight Networkbrand owned by GlobalData.
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