Gap
May 18, 2016 at 10:22 am
Gap Inc. CEO Art Peck said the retailer would consider relying on third-party sellers such as Amazon.com to reach customers. “To not be considering Amazon and others would be — in my view — delusional,” Peck said at the company’s annual investor meeting Tuesday in San Francisco. “We are always considering all of the opportunities beyond…
April 28, 2016 at 10:54 am
With no relief in sight from its chronic sales declines, Gap Inc will need to close a lot more namesake stores on top of the dramatic shrinking of its fleet in recent years, according to a Wall Street analyst. Earlier this month, the company reported comparable sales fell 3 percent in March, the 23rd month without…
April 22, 2016 at 10:57 am
Gap Inc. is pulling T-shirts displaying the names of two indie rock bands from store shelves after the musicians accused the retailer of selling the items without their permission. The two groups, Cold War Kids and The Shins, discovered the items last month and notified fans that the apparel chain wasn’t authorized to sell the shirts.…
February 10, 2016 at 2:58 pm
What do you enjoy most about working in the retail industry? There are so many things that I love about the industry, namely the product, the pace and the people! If you weren’t working in the retail industry, what do you…
January 25, 2016 at 11:46 am
Can seasoned Abercrombie & Fitch marketer Craig Brommers make the Gap more fashionable with today's consumers? Following a sales slide during the holiday season, Gap has named Brommers senior vice president of global marketing for its namesake brand. He succeeds Seth Farbman, who departed a year ago, and went on to helm marketing at digital music…
January 21, 2016 at 10:38 am
Specialty clothing retailer Gap Inc is to launch a girl's clothing line under its Athleta brand in a bid to capitalize on growth in the U.S. women's active wear category. The Athleta Girl clothing line will include both performance and lifestyle apparel, launching online and in select stores this summer.
December 4, 2015 at 9:57 am
The chief executives of seven top clothing companies, including Hennes & Mauritz (H&M), Gap, and Adidas, are calling on governments to agree to a strong climate change deal, saying they fear global warming will drive up their costs. Almost 200 nations are meeting in Paris until Dec. 11, trying to work out a deal to…
November 12, 2015 at 10:28 am
Yesterday, the retail world was abuzz with news of Banana Republic’s continued plummeting comparable sales. The once-shining division of Gap, Inc. has suffered continual sales drops. It didn’t help that a corporate spokesman described Banana Republic’s issues as “product acceptance challenges.” First to respond, Fortune.com led with this epic line: “In the annals of corporate…
October 19, 2015 at 11:01 am
Business executives from global clothing giants H&M, Inditex and Gap have canceled trips to Dhaka this month after the killings of two foreigners, industry sources said, causing anxiety for Bangladesh's $25 billion garment export sector. Bangladeshi suppliers to the world's top brands said they didn't expect the disruptions to hurt their orders for the year-end Christmas…
October 1, 2015 at 10:28 am
Gap's turnaround plan just got a whole lot trickier. The company's shares fell more than 5 percent on Wednesday, after it announced late Tuesday that Old Navy global president Stefan Larsson will be leaving the brand for Ralph Lauren. Analysts agreed that Larsson's exit is a huge loss for Old Navy, a brand he's credited with turning…
