Gap Inc: Old Navy's New Asian Expansion Story

Since the retailer's namesake brand is already well known in the region, we believe it can build Old Navy into a stronger brand in the coming years. Moreover, the recent pullback in consumer spending in China can make Old Navy a viable shopping option given that it is one of the most popular affordable western brands. In the Philippines, booming BPO industry and rising remittances have created a conducive environment for apparel market's growth.