Retail roundup: JCPenney to renovate Westminster store, Gap launches store on Taobao in China, H&M to launch three new collections
-- JCPenney announced that it will spend $3 million to renovate its Westminster store. Construction on the 173,000-square-foot space is scheduled to end in August, the company said.
The renovation is one of several store improvement projects included in the company's $650-million capital expenditures plan for 2011.
-- Gap has launched a store on China's largest e-commerce website, Taobao Mall, adding to the apparel giant's presence in China. In late 2010, Gap debuted its first four company-owned Gap brand stores in Shanghai and Beijing and launched an online site.
-- Three new collections are slated to hit H&M stores this month. The fast-fashion, cheap-chic retailer will launch its Conscious Collection -- a line featuring eco-friendly fashions -- on April 14; its Swedish Hasbeens footwear line on April 20; and its Fashion Against AIDS line on April 26.
-- Andrea Chang