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Echevarría said the company very carefully selects the cities where it opens new stores.
Wal-Mart opens new stores in response to strong customer demand, not alien desire.
When it opens new stores this year, Gap will focus on Asia; earlier this month, the company launched its Old Navy brand in China.
For example, Tim Hortons, the doughnut and coffee shop chain, dominates Canada's fast-food market to a degree without a parallel in the United States and successfully opens new stores rapidly.
As Wal-Mart scales back plans for new Supercenters, Kroger opens new stores.
On Monday, Metro Bank said it was planning to raise £45 million ($72 million) in fresh funding from investors to double the rate at which it opens new stores and on Wednesday announced it had hired Graeme Hardie, former executive director of retail banking of Abbey National now owned by Santander –as non-executive director.
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The retailer plans to open new stores in London, Barcelona and several US cities, including three in New York.
Retailers are opening new stores.
Gucci and LVMH are opening new stores in deflationary Japan.
"They were struggling to open new stores," he says.
Restrictive planning rules hobble them if they want to open new stores in the suburbs.
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