Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Retail roundup: JCPenney to renovate Westminster store, Gap launches store on Taobao in China, H&M to launch three new collections

April 2, 2011 |  6:15 am

-- 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