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Gap expects its sales in China to triple in the next three years to $1 billion, making the country its second-largest market, the retailer said on Wednesday. Last year, Gap opened 34 namesake stores in China, bringing its total there to 81. It will open about 30 more this year. The company recently opened its first Old Navy store in China. “We can push Old Navy deep into China,” said Jeff Kirwan, president of Gap Inc.’s greater China business, speaking at the retailer’s investor day. The push comes as Gap tries to rely less on North America, where it generates 84 percent of its sales. North American sales have cooled of late at Gap’s three major brands, which also include Banana Republic. Companywide, same-store sales rose 2 percent last year.
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