Gap news and archive

Gap Inc. increases commitment to sustainable cotton

Gap Inc. has committed to using only 100 percent sustainably-sourced cotton by 2025 across its brands Gap, Old Navy, Banana Republic and Athleta. To assist it with its goal, Gap Inc has joined both the US Cotton Trust Protocol, which helps companies to source sustainable cotton by tracking it throughout the supply chain, as well as the Textile...

Dec 9, 2020

Business

UPS imposes temporary shipping restrictions on some big retailers

Sandy Springs - United Parcel Service imposed temporary shipping restrictions on some big retailers such as Nike, Macy’s and Gap, due to the increased demand for online orders and delivery in this holiday season, media reports said quoting an email statement issued by the delivery giant. UPS told its drivers to stop taking packages from L.L....

Dec 3, 2020

Retail

Is this the end of Gap's European journey?

Three years ago, in 2017, Gap closed its UK merchandising operations. The New York-based company had sought to centralise its global workforce, despite the European market showing different requirements in assortment and fit. At the time it affected all roles within the UK team, from allocators and assistant merchandisers to merchandising...

Oct 22, 2020

Retail

Gap may close stores across Europe

Gap has told its European store network it is likely that stores across the continent could close. The company is looking at trying to form external partnerships to still maintain a presence across Europe in addition to boosting e-commerce efforts. The news was reported by WWD. Gap posted a statement on their website from president and CEO Mark...

Oct 21, 2020

Retail

Gap reimagines hiring for festive season in the US and Canada

Gap Inc. has outlined plans to hire seasonal workers to help support its customer experience centres, which include Athleta, Banana Republic, Gap, Janie and Jack, Old Navy and Intermix stores. To make the hiring process safer and easier, the company will be hiring virtually, allowing applicants to apply online for any role in three minutes or...

Oct 1, 2020

Fashion

Athleta donates to new grant program supporting young women

Athleta is committing 2 million dollars to establish the Power of She Fund - a grant program created in partnership with the Women's Sports Foundation to provide financial support to organizations that reach women and young girls through sport. The Gap Inc.-owned athleticwear brand hopes to further its mission of empowering women and girls...

Sep 29, 2020

People

Gap appoints new global brand manager

The US fashion company, Gap Inc., has appointed Mark Breitbard as its new global head of Gap. In addition to his new role, he will continue to lead the company's franchise business, strategic alliances and licensing, as well as Gap’s sub-brands, Intermix and Janie and Jack. Mark Breitbard has more than 25 years of experience transforming and...

Sep 11, 2020

Fashion

Gap Inc. to close 225 stores

Gap Inc. has announced they will be closing an additional 225 Gap and Banana Republic stores, with additional store closures planned for 2021. The company is even closing Gap's San Francisco flagship store. Although Gap is seeking net losses, they are still performing better than expected. Second quarter net sales fell 18 percent year over year...

Aug 28, 2020

Business

Kanye West demands board seat at Gap and Adidas

Kanye West, the controversial rapper and fashion entrepreneur, said in a Tweet he will walk away from his lucrative deals with Gap and Adidas if he is not appointed to the board of both brands. Shares in Gap fell by 6 percent on Monday, despite the company aiming to grow sales with West’s Yeezy brand to 1 billion dollars by 2031. Shares in...

Jul 21, 2020

Business

Gap to still pay Telfar for cancelled collaboration

Last week, Gap announced that it was signing a ten-year deal with Kanye West. While fans of Yeezy and Kanye West were ecstatic to hear about the partnership, many wondered what happened with the Gap and Telfar collaboration project that was announced earlier this year. Business of Fashion had reported that the Gap and and Telfar collaboration...

Jun 29, 2020

Report

Gap stock jumps 34 percent following Kanye West collab announcement

Shares of Gap Inc. (GPS) are gaining almost 34 percent or 3.43 dollars in Friday's morning trade at 3.59 dollars after the apparel retailer announced apartnership with rapper and singer Kanye West. Friday, Gap said it is in deal with Kanye West to launch the Yeezy Gap line, to be available in Gap stores and on its website in 2021. Under West's...

Jun 26, 2020

Fashion

Gap announces new partnership with Kanye Wests's Yeezy

Gap and Yeezy are collaborating on a new line that will retail through Gap's channels. The partnership will bring together Gap's 51 years of retail experience, global reach and supply chain with the creativity and recognition of Kanye West's fashion brand. West will maintain creative direction of the Yeezy design studio, developing a new line of...

Jun 26, 2020