Blog: Good news for Gap
Leonie Barrie | 26 May 2011
The first Athleta store in San Francisco
At last some good news for beleaguered US retailer Gap Inc. Hot on the heels of a difficult week in which it was forced to admit it has been caught out by the fast-rising price of cotton, the San Francisco based firm has been named as one of this year's 'Hot Retailers.'
An annual survey by the International Council of Shopping Centers (ICSC) has tipped Gap's Athleta brand as one of the latest innovative concepts driving consumers into shopping centres around the world.
Joining a line-up that includes burger restaurant Smashburger, grocery retailer Aldi, and the Fossil accessory stores, Athleta is hailed for its "outstanding products and services" and a "unique and exciting shopping experience."
The chain, which Gap bought for $150m in 2008, taps into the $31bn women's sports and active wear market, selling apparel, footwear and accessories for yoga, running, swimming, gym, hiking and skiing.
But despite the new award, it's unlikely to have much impact on Gap's bottom line for some time to come.
While the retailer operates about 3,100 company-operated stores across its namesake, Banana Republic and Old Navy brands, Althleta was only available online and through catalogues before the beginning of this year, when its first full-scale retail store opened in San Francisco. Two additional stores are set to open in New York City this summer, with 50 stores targeted across North America by 2013.
Some of just-style’s more eagle-eyed readers might have noticed a small change to the menu bar on the homepage: the addition of the word re:source. Yes it might be a small change – but it marks the co...
Over the past week just-style has continued to try to unravel the potential ramifications of Donald Trump’s election as the next president of the United States....
One event dominated the international airwaves last week, and on just-style too we took a closer look at the surprise election of Donald Trump as the 45th president of the United States....
As the Brexit roller-coaster continues to twist and turn, and the US presidential election campaign nears its unpredictable and possibly protectionist end, there's no doubt these events – and the perc...
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Trump trade policy – Who knows what he'll do?
- Planning is key to an effective inventory strategy
- How would end of NAFTA affect US apparel industry?
- US Q3 in brief - G-III Apparel, Express
- Bagir exports first trousers for H&M from Ethiopia
- Film documents Cambodia garment workers' stories
- Esquel efficiency drive continues to boost brands
- Pakistan suspends India cotton imports
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- Footwear Top 5 Emerging Markets Industry Guide_2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack