US: Gap executive reshuffle brings global focus
Fashion retail giant Gap has unveiled a new global structure designed to reflect the company’s increasingly international footprint and to drive long-term growth.
Gap, which now has more than 3,200 stores in over 40 countries covering its five brands, said it would bring together its North American, International, Online, Outlet and Franchise divisions under a single global executive for each brand from the start of fiscal 2013.
“Our strong performance gives us the confidence to make this move to bring each brand together with the goal of gaining market share around the world and enhancing shareholder value,” said Glenn Murphy, chairman and CEO.
The changes include a number of new roles for members of the company’s management team, with the transition process beginning on 5 November.
At Gap, Stephen Sunnucks, current president of the International division, becomes global president, based in New York.
Mark Breitbard, the brand’s senior product leader in the US and Canada, takes on an expanded role based in San Francisco as president of Gap North America, reporting to Sunnucks.
Meanwhile, current Gap North America president Art Peck takes on the position of president of the newly formed Innovation, Digital Strategy and New Brands Division, and will also take charge of the Athleta and Piperlime brands.
At Banana Republic, Jack Calhoun, current president North America, will be global president, while the brand’s top merchant, Julie Rosen, takes responsibility for the brand’s North America performance, also continuing to lead global product.
Stefan Larsson started as global president of Old Navy earlier this month, and is joined full-time by Jill Stanton, who will oversee all aspects of product design, development and production.
The company’s current China team, based in Shanghai, will be overseen by CEO Murphy, while Old Navy product leader Nancy Green will assume a new role supporting China.
Finally, Toby Lenk, president of Gap’s online division, will leave the business in February.
The San Francisco based retailer earlier this month booked a 6% rise in comparable sales during September on the back of gains at its North American divisions. Net sales increased 8% to US$1.45bn for the five weeks ended 29 September, compared to $1.35bn the same period last year.
For the year-to-date its net sales have increased 6% to $9.71bn, while comparable sales are up by 5% compared to a 3% decrease last year.
The following is a general roundup of US apparel and shoe retailers' February 2013 sales results. It is worth noting that from this month, a number of retailers are no longer reporting their sales res...
Gap is making huge strides in becoming more responsive to what its customers really want, with a new "less is more" philosophy combining with improved speed to market so that it is able to take fewer ...
Specialty clothing retailer Gap Inc has seen its March comparable store sales edge down 1%, after results were weighed down by its Old Navy brand and an earlier Easter....
US women's wear retailer Ascena Retail Group has appointed Erin Stern as its executive vice president and chief merchandising officer of the Maurices brand....
Specialty clothing retailer Gap Inc has reported 3% growth in February comparable store sales, driven by an extra week during the month and gains from its acquisition of multi-brand women's wear retai...
- Why have US FTA imports fallen to a record low?
- Collaboration key to the future of smart textiles
- First figures show Bangladesh exports climb
- Synergies Worldwide CEO unravels sourcing shifts
- Hanesbrands sourcing to cut Pacific Brands costs
- Hanesbrands to buy Pacific Brands for $800m
- Lindex planning supplier sustainability scorecard
- US Q1 in brief: VF Corp, Carter's, Skechers
- BHS receives "expressions of interest"
- Timberland sets new eco-preferred standards