Gap Inc

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Can Gap maintain its momentum minus Larsson?

The unexpected departure of Old Navy president Stefan Larsson to become CEO of Ralph Lauren has prompted analysts to ask whether parent Gap...

US apparel retailers' August 2015 sales roundup

US consumer spending was hampered by international concerns, including a China slowdown and emerging market stress, currency devaluations, a...

US apparel retailers' August 2015 sales roundup

Katie Smith | 11 Sep 2015

US consumer spending was hampered by international concerns, including a China slowdown and emerging market stress, currency devaluations, and extremely volatile equity markets in August. And although back-to-school spending picked up in the latter half of the month, the majority of clothing retailers reported comparable store sales declines.

What's in store for US back-to-school sales?

Katie Smith | 4 Sep 2015

For the second year in a row, it seems consumers are being more restrained when it comes to back-to-school shopping. But with new fashions, a shift in spending away from electronics, and a more optimistic consumer, industry analysts are cautiously optimistic for clothing retailers.

Gap bullish on China growth opportunities

Katie Smith | 25 Aug 2015

US retail giant Gap Inc has said it remains bullish on its long-term growth prospects in China despite the yuan deflation, while also revealing it is on track with its strategic restructuring.

US apparel retailers' July 2015 retail roundup

Michelle Russell | 11 Aug 2015

July proved to be a difficult month for the apparel chains reporting monthly sales, with several hurt by tax holiday shifts in some southern states into August from July last year. As a result, retailers are not heading into the key back-to-school selling season with much momentum.

Latest Interviews

INTERVIEW: Crystal CEO rises to the challenges

Leonie Barrie | 25 Sep 2014

Building the business for long-term growth, but also ensuring that the company has a strong local supply chain in place to deliver on its goals, are among the challenges faced by Andrew Lo, CEO of Hong Kong based Crystal Group, as he continues to build the capacity and competitiveness of one of Asia's largest garment manufacturers.

Speaking with style: Dr Harry Lee, TAL Apparel

Leonie Barrie | 26 Jul 2011

TAL Apparel, one of the world's leading garment suppliers, has turned the threat of inflation across the supply chain into an opportunity to do things differently. Here CEO Dr Harry Lee tells just-style how the Hong Kong based firm's long-time focus on efficiency, sustainable development, and added value is helping to combat rising costs and set it apart from the competition.

Latest News

Old Navy's Larsson to replace Ralph Lauren as CEO

Michelle Russell | 30 Sep 2015

Ralph Lauren is to step down as CEO of the eponymous firm, as the group battles falling profits, with Stefan Larsson, president of Gap Inc's Old Navy division taking the helm. 

Continued pressure forecast for Gap brand

Katie Smith | 4 Sep 2015

Analysts expect continued pressure at Gap Inc's namesake brand, after the US retail giant reported its fifth consecutive month of comparable store sales declines.

ITC narrows denim laser abrasion patent probe

Leonie Barrie | 2 Sep 2015

The US International Trade Commission has narrowed the scope of its ongoing patent infringement investigation of certain laser abraded denim garments by removing five respondents.

China market woes could hit consumer spending

Michelle Russell | 25 Aug 2015

Tumbling markets and economic uncertainty in China could deliver a tough blow to several specialty retail and apparel companies - with the biggest risks including China revenue exposure and a potentially slower economy driving lower consumer spending, one analyst has suggested.

Gap restructuring weighs on Q2 as profit falls 34%

Katie Smith | 21 Aug 2015

Gap Inc remains a group of “mixed fortunes”, according to one analyst, after the US retail giant reported a double-digit decline in second-quarter net profit, but said it remains confident of improved business performance.

Gap Q2 outlook below estimates on lower sales

Michelle Russell | 11 Aug 2015

US apparel giant Gap Inc has forecast for second-quarter EPS below analyst estimates as it revealed lower net and comparable store sales.

Gap sales continue to slide in June

Katie Smith | 10 Jul 2015

Weak sales at Gap Inc's namesake brand during the month of June are likely to lead to further discounting as the retailer tries to eliminate inventory build-up, analysts say.

Gap to close 175 stores and cut 250 jobs

Leonie Barrie | 16 Jun 2015

US clothing retailer Gap Inc is to shutter 175 of its namesake stores in the US and axe 250 head office jobs as it tries to increase profitability and speed decision-making at the struggling brand.

Gap brand hires to boost design and merchandising

Leonie Barrie | 15 Jun 2015

Retailer Gap Inc has hired two industry veterans, including the former chief merchandising officer at Uniqlo, as it works to improve the design and performance of its namesake brand.

Gap brand "still a drag" on sales performance

Katie Smith | 5 Jun 2015

Gap Inc’s namesake brand is “still a drag” on the US clothing giant’s overall performance, one analyst has said, after the label posted its 13th consecutive monthly decline in comparable store sales.

Gap’s woes “not so easy to fix”

Richard Woodard | 24 Apr 2015

Gap Inc is "not close" to finding the right formula to turn around its namesake brand’s fortunes in the US market, an analyst believes.

Analysts “encouraged” despite Gap brand sales slip

Katie Smith | 10 Apr 2015

Even though Gap Inc's namesake brand posted its 11th consecutive comparable store sales decline in March, one analyst is "encouraged" after the retail giant booked an overall increase during the month.

Gap names new design head amid mixed Q4

Katie Smith | 2 Mar 2015

Gap Inc has named a new head of design and product development for its namesake brand, after the unit continued to weigh on the company's sales during the fourth-quarter.

Need for change at Gap “evident”

Katie Smith | 11 Feb 2015

The need for change at Gap Inc's namesake brand is “evident”, one analyst has said, after the struggling label weighed on the retail giant's fourth-quarter and January sales performance.

Gap removes creative director Rebekka Bay

Michelle Russell | 30 Jan 2015

US retail giant Gap Inc has made a number of key leadership changes that it hopes will intensify the brand’s customer focus, but will see the removal of creative director role Rebekka Bay.

Gap to close Piperlime division

Michelle Russell | 26 Jan 2015

US clothing giant Gap is to close its Piperlime fashion brand in order to focus on its core portfolio.

Gap brand likely to face continued pressure

Katie Smith | 9 Jan 2015

Gap Inc will see its namesake brand continue to weigh on the retailer's results in the near term, analysts believe, after the US clothing giant saw December comparable store sales climb 1%.

Lacoste joins ban on angora

Michelle Russell | 8 Dec 2014

French fashion brand Lacoste has become the latest company to end the use of angora in its future clothing and accessories collections.

Gap to be "held back" by namesake brand

Katie Smith | 5 Dec 2014

Gap Inc's namesake brand will continue to weigh on the US clothing giant's performance during the holiday season, one analyst believes, despite it posting November comparable store sales growth.

Gap and Tau to accelerate supply chain innovations

Katie Smith | 4 Dec 2014

Tau Investment Management is partnering with clothing giant Gap Inc to promote "best-in-class" innovations and support the development of more sustainable, efficient and improved garment factories and mills across Southeast Asia.

Old Navy under fire over plus-size allegations

Michelle Russell | 27 Nov 2014

Gap's Old Navy has come under fire over allegations it charges extra for women's plus-size clothing, but not for men's.

Gap unveils management changes as Q3 profit rises

Katie Smith | 21 Nov 2014

US clothing giant Gap Inc has shaken up its management team by promoting two executives to lead its namesake and Banana Republic brands globally, after booking an increase in third-quarter net profit.

Latest blogs

Gap CEO switch a sign of transition

Leonie Barrie | 13 Oct 2014

If evidence is needed as to the new direction likely to be pursued by US retail giant Gap Inc, look no further than the company's new leadership change. It was revealed last week that CEO Glenn Murphy is to step down in February, making way for Art Peck, the head of Gap's digital division.

Responsible development a key requirement

Leonie Barrie | 9 Sep 2014

US retail giant Gap Inc has made no secret of the fact that it faced - and continues to face - a number of compliance issues linked to its decision to start sourcing garments from Myanmar/Burma.

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