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Gap Inc

Gap scraps plans for Old Navy spin-off

17 January 2020 | Beth Wright

US specialty apparel retailer Gap Inc has scrapped plans to spin off its Old Navy chain as a standalone company, and announced the departure of the Gap brand’s president and CEO Neil Fiske.... read more

US Q3 in brief – Genesco, Stage Stores, Tailored Brands

19 December 2019 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Stage Stores has narrowed its net loss, Vince Holding Corp has booked a rise in both earnings and sales, while American Eagle Outfitters has reported record revenue for the period. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. ... read more

Gap remains confident on Old Navy spin-off

22 November 2019 | Beth Wright

US specialty apparel retailer Gap Inc is to proceed with the process of spinning off Old Navy as a standalone company, despite recent industry speculation the move could be abandoned following the departure of long-standing CEO Art Peck.... read more

Gap slashes guidance amid exit of CEO Art Peck

8 November 2019 | Beth Wright

Art Peck is stepping down as the CEO of Gap Inc after the US specialty apparel retailer posted another quarter of falling sales – and will be temporarily replaced by non-executive chairman of the board Robert Fisher, a member of Gap's founding family.... read more

Gap and Arvind eliminate fresh water at India denim mill

6 November 2019 | Beth Wright

Arvind Limited’s denim manufacturing facility in Ahmedabad in India is operating entirely with reclaimed water as part of ongoing efforts with US specialty apparel retailer Gap Inc to reduce the amount of water used in the apparel production pipeline.... read more

Gap Inc making progress on supply chain sustainability

30 September 2019 | Michelle Russell

Apparel giant Gap Inc has expanded its mill sustainability programme to reach deeper into its supply chain, and worked with its suppliers to digitise wage payments for more of its garment workers.... read more

Gap Inc names Mary Beth Laughton as Athleta boss

25 September 2019 | Beth Wright

US specialty apparel retailer Gap Inc has named Mary Beth Laughton as president and CEO of its Athleta brand.... read more

Gap & Old Navy outline strategies ahead of spin-off

13 September 2019 | Beth Wright

Old Navy will almost double its store count across North America as part of plans to reach US$10bn in annual sales following its split from Gap Inc next year – with its supply chain key to driving margin expansion and more frequent purchases.... read more

Gap Inc to retain name after Old Navy spin-off

29 August 2019 | Beth Wright

US specialty apparel retailer Gap Inc will retain its name following the completion of the planned spin-off of Old Navy into an independent, publicly-traded company.... read more

Gap works to mitigate tariff threat as Q2 profit tumbles

23 August 2019 | Beth Wright

US specialty apparel retailer Gap Inc has reported another fall in comparable sales for the second quarter with negative results across nearly all segments of the business – and says it continues to closely monitor tariff discussions with contingency plans in place ahead of the upcoming List 4 tariffs.... read more

Banana Republic to roll out rental subscription service

16 August 2019 | Beth Wright

US speciality apparel retailer Gap Inc's Banana Republic brand has today (16 August) announced the launch of a new online rental subscription service that provides unlimited access to its women’s apparel collection. ... read more

Gap sets course for 100% clean energy by 2030

9 August 2019 | Beth Wright

Specialty clothing retailer Gap Inc is taking steps to ensure it reaches its 2020 emissions reduction targets through a new renewable energy agreement – and has set a new goal to reach 100% renewable energy across its global owned and operated facilities by 2030.... read more

WaterAid joins Gap's Women + Water Alliance

8 August 2019 | Beth Wright

WaterAid, the international charity focused on water, sanitation and hygiene, has joined a five-year initiative backed by Gap Inc to improve the well-being of women in India's apparel industry.... read more

Athleta boss Green named Old Navy creative chief

24 July 2019 | Beth Wright

US speciality apparel retailer Gap Inc is moving Althleta brand president Nancy Green to the newly created role of president and chief creative officer of its Old Navy business – which is to become a standalone company from next year.... read more

New Gap project to boost social dialogue in Bangladesh

16 July 2019 | Beth Wright

US speciality apparel retailer Gap Inc has launched a three-year initiative to strengthen social dialogue and industrial relations in all factories that it sources from in Bangladesh.... read more

Gap Inc to release waterless dyed denim in 2020

19 June 2019 | Beth Wright

US speciality apparel retailer Gap Inc's Banana Republic brand is to adopt a new environmentally-friendly indigo yarn dyeing process that uses foam instead of water - eliminating 99% of the water typically used in indigo-dyeing.... read more

Gap and Arvind tackle apparel industry water use

12 June 2019 | Beth Wright

US specialty apparel retailer Gap Inc is teaming up with Arvind Limited, its longtime sourcing and franchise partner in India, to open a new innovation centre highlighting solutions to reduce water use in the textile manufacturing industry.... read more

Gap announces 100% sustainable cotton goal

7 June 2019 | Beth Wright

US specialty apparel retailer Gap Inc has announced it is working with supply chain partners to source all cotton for its brands from sustainable sources by 2025.... read more

Gap watching China tariff threat as Q1 sales slump

31 May 2019 | Leonie Barrie

US specialty apparel retailer Gap Inc has started its fiscal year with a 4% fall in comparable sales, dragged down by a 10% decline at Gap stores – and says it is actively monitoring the proposed new US tariffs on clothing manufactured in China.... read more

US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity

23 May 2019 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.... read more

Banana Republic migrates to cloud merchandising platform

3 May 2019 | Beth Wright

Banana Republic is the latest brand in the Gap Inc portfolio to go live on cloud-based merchandising solutions to synchronise merchandising operations from buying to inventory valuation.... read more

New Banana Republic and Old Navy sustainability goals

26 April 2019 | Beth Wright

US speciality retailer Gap Inc has announced a series of new commitments from Banana Republic and Old Navy to accelerate the company’s use of more sustainable materials in apparel production and reduce the environmental impacts of product manufacturing. ... read more

Gap Inc business split could affect smooth sourcing

24 April 2019 | Hannah Abdulla

US specialty apparel retailer Gap Inc has suggested separating its sourcing and tech/IT systems could be one of the largest sticking points in the planned spin-off of its Old Navy brand.... read more

The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more

Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... read more

How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more

Gap to split into two companies and close 230 stores

1 March 2019 | Beth Wright

US speciality retailer Gap Inc has announced the closure of 230 of its namesake brand stores and revealed plans to spin off the group's Old Navy brand into an independent, publicly-traded company.... read more

British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more

Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more

US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more

Hemp apparel – hype or opportunity?

4 February 2019 | Leonie Barrie

With products derived from hemp making their presence felt in a range of industries, from food and drinks to medicines, we've looked at potential applications in clothing – and issues for the supply chain.... read more

TexOps restructure and the quest to get ahead

28 January 2019 | Beth Wright

Salvadoran sportswear maquila TexOps is navigating a painful restructuring, with owner David Ha putting the brakes on expansion. "We are going back to basics,” the Korean entrepreneur tells just-style in an exclusive interview, revealing how the firm is strategising ahead to get ready for what is coming. This, he says, includes an increase in US labels shifting sourcing south of the border as Trump's trade war with China escalates.... read more

Brexit deal rejection worries apparel industry

21 January 2019 | Hannah Abdulla

Last week's rejection of Theresa May's proposed UK-EU Brexit deal by MPs saw chatter spike among industry execs who say a No-Deal Brexit could be problematic for the sector given its heavy reliance on overseas talent ... read more

US trade updates out of date

15 January 2019 | Leonie Barrie

Apparel and textile industry executives are among those being deprived of key trade and economic data amid the ongoing US government shutdown – at a time when trade tensions between the US and China mean that having access to the most up-to-date statistics is more important than ever.... read more

Gap to close Fifth Avenue flagship this month

10 January 2019 | Beth Wright

US speciality retailer Gap Inc has confirmed it is to shutter its Fifth Avenue flagship store in New York later this month following an announcement it is to close locations that are "dragging down" the business. ... read more