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Gap Inc


Is Kanye West collaboration the turning point for Gap?

26 June 2020 | Leonie Barrie

Shares in Gap Inc have jumped 13% after the US specialty apparel retailer revealed it has inked a deal with Kanye West to design a new line of adult and kids' clothing.... read more

Retailers begin to outline store reopening plans – Update

16 June 2020 | just-style

Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.... read more

Gap Inc to close Hill City performance menswear brand

12 June 2020 | Beth Wright

US specialty apparel retailer Gap Inc has revealed plans to wind down its performance menswear brand Hill City as it prioritises resources against its larger labels. ... read more

Gap Inc focused on refashioning for growth

5 June 2020 | Beth Wright

US specialty apparel retailer Gap Inc says it is using the coronavirus pandemic to right-size the business and build it for the future – acknowledging there is plenty of work needed at the eponymous Gap brand.... read more

Gap eyes new product categories with IMG licensing deal

4 May 2020 | Beth Wright

Speciality clothing retailer Gap Inc has partnered with IMG to explore the introduction of "complementary products" to its Gap, Banana Republic, and Janie and Jack assortments, including baby equipment, home décor, and furniture.... read more

Global retail staff and salary reductions amid Covid-19 – Update

1 May 2020 | just-style

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:... read more

Global retail closures as coronavirus spreads – Update

15 April 2020 | just-style

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. ... read more

Kering luxury labels prepare to produce surgical masks

25 March 2020 | Beth Wright

Kering is to provide the French health service with 3m surgical masks, which the luxury goods group will purchase and import from China, as part of efforts to combat the Covid-19 pandemic in France. ... read more

Gap expects coronavirus to hurt Q1 sales by $100m

13 March 2020 | Beth Wright

Specialty clothing retailer Gap Inc expects to take a first-quarter sales hit of about US$100m due to the coronavirus (Covid-19) outbreak – and says it is working on contingency plans to tackle falling demand and supply chain disruption. ... read more

Gap Inc names Old Navy boss Sonia Syngal as its new CEO

6 March 2020 | Beth Wright

US specialty apparel retailer Gap Inc has named its Old Navy boss, Sonia Syngal, as the company’s next CEO.... read more

Gap Inc expands reach of PACE programme through licensing

26 February 2020 | Michelle Russell

US fashion giant Gap Inc has further expanded its PACE training programme through no-cost license agreements with companies including PVH Corp, Avery Dennison and Want Want Group.... read more

Gap partners with ThredUp in resale drive

21 February 2020 | Beth Wright

US specialty apparel retailer Gap Inc is stepping into the secondhand apparel market through a new partnership with online resale store ThredUp.... read more

US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco

5 February 2020 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. 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 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

Fashion industry pilot to produce first circular polybag

12 December 2019 | Beth Wright

A new pilot project aims to reduce the use and impact of virgin polybags in the fashion industry by developing a fully circular solution based on recycled content.... 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

How cutting-edge technologies can track organic cotton

22 November 2019 | Beth Wright

A pilot project that combines on-product markers and blockchain technology to trace organic cotton from farm to consumer – a first in the apparel industry – has been deemed so successful that it could be implemented on a wider scale in the organic cotton sector and shows "enormous potential" as an end-to-end traceability solution for other preferred fibres in the fashion supply chain.... read more

New Kering sustainability chair at French fashion institute

18 November 2019 | Beth Wright

French luxury goods group Kering has teamed up with the Institut Français de la Mode (IFM) to launch a new position at the higher education institution to drive scientific research on a wide range of topics related to sustainability.... 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

24 more companies join Kering sustainability pact

29 October 2019 | Beth Wright

Decathlon, Gant and Mango are among the latest 24 companies to join a new coalition that has pledged to set practical steps to reduce the environmental impact of the apparel industry.... read more

Kering to up luxury focus with Puma bonds issue

30 September 2019 | Hannah Abdulla

Apparel firm Kering is taking another step toward streamlining its focus on its luxury portfolio, and has announced plans to further reduce its remaining stake in German sportswear brand Puma.... 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

Kering commits to full carbon neutrality across the supply chain

24 September 2019 | Beth Wright

French luxury goods group Kering is to offset the group's annual Greenhouse Gas (GHG) emissions from 2018 as part of a bid to make the  entire group carbon neutral within its own operations and across the entire supply chain.... 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

Kering H1 sales surpass EUR7bn but Gucci growth slows

26 July 2019 | Beth Wright

French luxury goods group booked strong double-digit sales growth in the first half of 2019 and a record operating margin of 29.5% – but investors have instead focused on a slowdown in sales growth at its key Gucci brand.... 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

Investors press brands for more workforce transparency

3 July 2019 | Beth Wright

A coalition of more than 120 institutional investors with combined assets of more than US$14 trillion is renewing its demand for companies across the world to come forward with better data on their staff and supply chain workers, with the aim improving the quality of jobs globally. ... read more