Gap Inc

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Gap to shutter all UK Banana Republic stores Beth Wright | 20 Oct 16

US speciality clothing retailer Gap Inc is to shutter all eight of its Banana Republic stores in the UK, with the majority of the locations due to close by the end of fiscal 2016.


US apparel retailers' September 2016 sales roundup Michelle Russell | 7 Oct 16

Upside surprises were provided in September by two of the US apparel retailers who still report their monthly sales thanks to an uptick in consumer confidence and improving unemployment rates. The remaining three failed to capitalise, however, with The Buckle faring the worst. 


Gap share price climbs on September sales beat Michelle Russell | 7 Oct 16

Despite posting its 17th month of negative comparable sales in September, US apparel giant Gap saw its share price climb as the results were better than expected and included a positive performance from its Old Navy division.


Gersch to return to Gap Inc as Old Navy CMO Beth Wright | 29 Sep 16

US retail giant Gap Inc has named its former executive, Jamie Gersch, as chief marketing officer (CMO) of Old Navy in a bid to drive the brand's vision in the run-up to the holiday season.


Retail fallout unclear following Hanjin Shipping collapse Leonie Barrie | 14 Sep 16

As efforts continue to try to rescue cargo stranded in the wake of the collapse of Hanjin Shipping, the world's seventh-largest container shipper, fallout for apparel and footwear importers and exporters remains unclear.


Gap partners with Pendleton Woolen Mills for autumm Beth Wright | 14 Sep 16

US apparel giant Gap Inc has revealed it will partner with Oregon-based lifestyle brand Pendleton Woolen Mills on a limited-edition collection set to roll out in the autumn.


Gap reveals list of factory names and locations Beth Wright | 12 Sep 16

US apparel giant Gap Inc has published the names and locations of the factories which manufacture garments for its namesake, Banana Republic, Old Navy and Athleta brands.


Apparel majors among top sustainability performers Michelle Russell | 9 Sep 16

Major apparel groups including Adidas, Gap Inc, Inditex, Gildan and Asics have been included in the Dow Jones Sustainability Indices (DJSI), putting the companies among the best-in-class sustainability performers globally.


Gap distribution centre fire found to be arson Michelle Russell | 7 Sep 16

A massive blaze that swept through US apparel giant Gap Inc's Fishkill distribution centre in New York City at the end of last month was caused by arson, an official investigation has found. 


US apparel retailers' August 2016 sales roundup Michelle Russell | 2 Sep 16

More favourable hot and dry weather and an uptick in consumer confidence resulted in a bounce-back in US same-store sales for August. For the few apparel retailers who still report their monthly sales, however, an increase in technology and travel spend weighed on monthly results. 


Gap shares tumble as August sales slide Michelle Russell | 2 Sep 16

US apparel giant Gap saw its share price tumble as it turned in its 15th negative monthly comparable sales result that missed analyst estimates and a fall in net revenues for August. 


Fire sweeps through Gap distribution centre Beth Wright | 31 Aug 16

A massive blaze has swept through US apparel giant Gap Inc's Fishkill distribution centre in New York City.


Gap pace of decline slows but outlook muted Michelle Russell | 19 Aug 16

Gap Inc's overall pace of decline has moderated since last quarter but sales continued to fall in its second-quarter, with US revenue declines worse than last year, weighed down by a heavy fall in sales at its Banana Republic brand. 


Gap adds Hasbro CEO to board amid turnaround efforts Beth Wright | 12 Aug 16

US apparel giant Gap Inc has recruited the chief executive officer of toy maker Hasbro, Brian Goldner, to serve on its board of directors as the retailer tries to reverse a slump in sales.


Gap joins Better Cotton Initiative Beth Wright | 28 Jul 16

 US specialty fashion giant Gap Inc has signed up  to the Better Cotton Initiative (BCI) as part of its commitment to help improve cotton farming practices globally.


Gap ends 14 months of falling same-store sales Beth Wright | 8 Jul 16

Gap Inc has put an end to its 14-month run of negative same store sales, helped by a 5% increase in comparable sales at Old Navy.


US apparel retailers' June 2016 sales roundup Michelle Russell | 8 Jul 16

June proved to be a more positive month for the few US apparel retailers who still report their monthly sales, thanks to better weather conditions and the Memorial Day holiday shift.


US apparel retailers' May 2016 sales roundup Michelle Russell | 6 Jun 16

April showers did not bring forth May revenue flowers as the slow start to the spring season continued for the few US apparel retailers who still report their monthly sales.


Gap accused of rights violations in supply chain – update Leonie Barrie | 26 May 16

US speciality fashion giant Gap Inc has told just-style it is collaborating with unions, governments and industry associations to improve working conditions in the factories that make its clothes after a study found violations at suppliers in India, Indonesia and Cambodia.


Gap to close 75 stores amid "disastrous" Q1 Beth Wright | 20 May 16

In a bid to save US$275m a year, US speciality clothing retailer Gap Inc has announced it will be closing 75 Old Navy and Banana Republic stores outside North America.


Gap downgraded to junk status as mulls streamlining Leonie Barrie | 11 May 16

US specialty clothing retailer Gap Inc has been downgraded to junk status by Fitch Ratings in the latest of a series of woes for the company, which earlier this week warned about slumping sales in its first quarter and steps to streamline its business.


US apparel retailers' April 2016 sales roundup Leonie Barrie | 10 May 16

The spring season appears to be off to a slow start for the few US apparel retailers who still report their monthly sales, with cool, wet weather continuing to dampen demand for spring clothing collections.


Gap same-store sales fall for 13th month in a row in April Michelle Russell | 10 May 16

Gap Inc said it must transform at a faster pace as the US clothing giant revealed its thirteenth consecutive month of negative same store sales.


Gap promotes sourcing executive to lead Old Navy Katie Smith | 14 Apr 16

US retail giant Gap Inc has appointed veteran global sourcing executive Sonia Syngal as global president of its Old Navy brand. 


Gap same-store sales fall for 12th month in a row in March Katie Smith | 8 Apr 16

A lacklustre spring merchandise assortment that failed to drive sales and resulted in a surplus of inventory led to a "disappointing" March performance for Gap Inc, with the US clothing giant's comparable store falling for the twelfth month in a row. 


US apparel retailers' March 2016 sales roundup  Katie Smith | 8 Apr 16

March proved to be a challenging month for the few US apparel retailers who still report their monthly sales, with many hampered by the early timing of Easter this year. And the outlook for April is mixed as cold weather is cooling demand for spring clothing collections. 


New product processes help Gap "guess less, fix faster" Leonie Barrie | 23 Mar 16

US specialty retail giant Gap has made no secret of the fact it faces an uphill battle to turn around its business, but in-house quality mis-steps coupled with the race against the clock to translate trends from the catwalks to the high street are making its work doubly difficult.


Update – US apparel retailers' February 2016 sales roundup Katie Smith | 11 Mar 16

February proved to be a mixed month for US apparel retailers as market volatility spooked investors and consumers, while low gas prices, positive housing data and upbeat labour market indicators suggested consumers had the means to spend.


Gap "encouraged" by new product response Katie Smith | 4 Mar 16

Gap Inc has said it is "encouraged" by the initial response to its spring collection, despite the US retail giant posting yet another decline in monthly comparable store sales. 


Turnaround visibility "remains low" at Gap  Katie Smith | 26 Feb 16

Gap Inc's turnaround visibility remains low and could happen later than anticipated – late 2016/early 2017, according to one analyst, after the US clothing giant saw its fourth-quarter and full-year profits slump. 

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