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Gap rises after deal with European retailer

Gap products will be sold by the online retailer Zalando.Getty Images/File 2013

Gap Inc. rose 4.55 percent Monday after it announced it has struck a deal with Zalando, Europe’s largest online fashion retailer, to sell Gap products starting next May. Gap’s website already delivers to 24 European countries, but the move could help it reach more consumers, particularly in markets such as Germany, where it does not have physical stores. Though Gap owns other stores such as Old Navy, the Zalando deal is only for its main line of Gap products for now.