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Gap to take Athleta brand to Canada, rival Lululemon’s home turf

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An employee rings up a customer’s purchases at the Athleta store in New York.

Ron Antonelli | Bloomberg | Getty Images

Gap announced plans Tuesday to sell its Athleta brand in Canada, rival Lululemon‘s home turf.

It marks the women’s athletic apparel brand’s first expansion outside the United States. Gap said Athleta will launch online in the Canadian market this summer, followed by the fall opening of company-owned retail stores in North York, Ontario, and West Vancouver, British Columbia.

The move is part of Gap’s overall strategy to grow Athleta to the point that it’s bringing in $2 billion in net sales annually by 2023. Athleta surpassed the $1 billion mark last year, with its sales up…



Source cnbc.com

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