Fast fashion brands find the going tough in China By Wang Zhuoqiong | China Daily | Updated: 2021-03-13 07:25 Share CLOSE A retail shop of Gap Inc in Changzhou, Jiangsu province. [Photo by Wang Qiming/for China Daily]
Recent reports that leading apparel retailer Gap Inc is weighing options, including a potential sale of its business in the Chinese mainland, indicate how the fierce competition among fast-fashion brands is pushing them to further expand their physical presence and enhance digital-powered retail ecosystems.
The San Francisco-based clothing retailer is working with an adviser to study various options and has reached out to prospective suitors to gauge interest for the business, said sources, according to Bloomberg.