Gap overhaul "a pretty significant shift"

Gap overhaul "a pretty significant shift" 2 Feb 2011

After seeing same-store sales fall in seven of the past 10 months - culminating in a drop of 8% in December - it's perhaps not surprising that the boss of US clothing retailer Gap Inc today lamented: "I expect more from our Gap business in North America."

---

US: Gap shakes up core brand business 2 Feb 2011

Clothing retailer Gap Inc is shaking up the management at its core Gap brand in a bid to halt sliding domestic sales and position the unit for sustainable global growth - with outlet executive Art Peck taking over as the new head of Gap North America.

---

US: Marka Hansen steps down from Gap 2 Feb 2011

Gap North America president Marka Hansen is leaving her post this Friday (4 February) after 24 years with the apparel retailer.

---

US: Gap opens first Athleta brand store 13 Jan 2011

Gap Inc's Athleta athletic wear brand, which until now has has been a catalogue and online business, has opened its first full-scale retail store in San Francisco.

---

US: Gap reaffirms outlook as December sales slide 6 Jan 2011

Specialty clothing retailer Gap Inc has reaffirmed its full-year earnings guidance even though its same-store sales fell by 3% in December.

---

Gap's speed pipeline making a "world of difference" 23 Nov 2010

Achieving consistent product execution while juggling the sharp rise in cotton prices is among the top priorities at Gap Inc, and is being helped in no small way by its new focus on speed to market, the apparel retailer says.

---

US: Gap reaffirms FY guidance despite Q3 profit fall 19 Nov 2010

The cost of expanding its business overseas has dragged on Gap Inc's third quarter, after the specialty clothing retailer yesterday booked a 1% drop in earnings.

---