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Gap to open first store in Israel

Aug. 21, 2009 at 8:22 AM
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JERUSALEM, Aug. 21 (UPI) -- Israel's President Shimon Peres and leading Israeli businessmen are expected to attend a festive dinner marking the opening of the first Gap store in Israel.

The American clothing and accessories retail chain will open its first store in Jerusalem's exclusive Mamilla Quarter Monday, offering more than 20,000 items for sale, Ynetnews.com reported Friday.

Guests invited to celebrate the occasion, will attend a dinner at the nearby Mamilla Hotel, which overlooks the Old City, and a performance by the Idan Raichel Project, before retiring to the hotel's roof for cocktails, the news Web site said.

Global Gap sales in 2008 were about $14.5 billion, Ynetnews said. The clothing chain will open a second store in Herzliyah in February, the Web site said.

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