Gap getting back on track?

Gap Inc, the US’ largest speciality clothing retailer, yesterday (21 November) showed the first signs of a turnaround under its new chief executive but failed to impress the market with a raised full-year outlook that fell short of expectations. As it heads into the all-important holiday season, Leonie Barrie looks at its latest plans.

Gap raises guidance as it heads into the holidays

22 November 2007

US: Gap Q3 profit up 26%, FY outlook disappoints

22 November 2007

US retail giant Gap Inc yesterday (21 November) posted a 26% hike in third quarter earnings as it controlled inventory and reduced expenses to offset a fall in same-store sales.

US: Gap Q3 same-store sales fall 5%

8 November 2007

Same-store sales at Gap Inc, the US’ largest specialty clothing retailer, fell 8% in October, but the company took some consolation from the fact its margins were significantly higher than last year.

INDIA: Gap to investigate reports of child labour

29 October 2007

US clothing retailer Gap Inc has called an urgent meeting with its suppliers in India after child labour was found in factory producing a product for the GapKids label.

UPDATE: SOUTH AFRICA: Gap trademark hearing awaits outcome

26 October 2007

South African fashion company Kingsgate Clothing Group and Gap Inc have completed the latest in a series of trademark hearings spanning back eight years.