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BusinessFeatured

H&M, Zara and Gap among brands found to be unfairly treating Bangladesh suppliers

A new report by Transform Trade has found a number of major high street fashion retailers to be paying and treating their Bangladeshi suppliers “unfairly”. The likes of H&M, Gap, Next, Primark and Zara are among the brands named for paying factories below the cost of production. Entitled ‘Impact of Global Clothing Retailers’ Unfair Practices on...

Jan 9, 2023

Business

Brands attempt to cover tracks following PETA investigation into down suppliers

Following an investigation into Vietnam-based down suppliers, a number of retailers have reportedly attempted to cover their tracks and remove any links to producers of the material. The People for the Ethical Treatment of Animals (PETA) unveiled its findings from its investigation into Vietnamese farms and slaughterhouses last month, revealing...

Dec 19, 2022

Business

Patagonia sues Gap for copying an icon of its designs

Outdoor clothing retailer Patagonia has filed a lawsuit against Gap Inc for copying its iconic flap pocket. The American brand said the design has been used on its fleeces for over three decades. In a filing in a San Francisco federal court, Patagonia claims Gap’s fleece has striking similarities, featuring a similar rectangular logo above the...

Nov 24, 2022

Fashion Featured

Gap Inc confirms Banana Republic is returning to the UK

Gap Inc. confirms that Banana Republic and Athleta will start selling within the UK and Ireland again through its joint venture with Next announced in September 2021, where Next owns 51 percent and Gap owns 49 percent. The move builds on the success of the Gap partnership, which has seen the apparel brand reintroduced to the British high street...

Nov 21, 2022

ManagementFeatured

Gap posts profit as Q3 sales increase

Third quarter net sales at Gap Inc. of 4.04 billion dollars, were up 2 percent compared to last year, while comparable sales were up 1 percent year-over-year. The company's reported net income was 282 million dollars and adjusted net income was 260 million dollars. The company anticipates that total company net sales could be down mid-single...

Nov 18, 2022

Report

Gap appoints new board member

Gap has appointed Richard Dickson to its board of directors. Dickson is currently the president and chief operating officer of global toy company Mattel, and previously served as president and CEO of the branded businesses at The Jones Group, a designer, marketer, and wholesaler of lifestyle brands. He is also the founder of high-end cosmetics...

Nov 11, 2022

Business

Gap launches branded goods through Amazon US and Canada

Gap has announced a new distribution partnership with Amazon Fashion which will see it offer a range of stock on the marketplace’s US and Canadian sites. As part of the agreement, the American label will be launching a selection of basic essentials, ranging from hoodies and t-shirts to underwear and sleepwear, for adults, teens, kids and babies....

Nov 11, 2022

People

Kanye estimates two billion dollar losses following anti-Semitic rants

Kanye West lost two billion dollars in a single day, he said Thursday, as business partners rushed to dump the rapper in the wake of a series of anti-Semitic outbursts. The music and fashion mogul has seen lucrative commercial tie-ups shelved as companies including Adidas and Gap took fright at comments dubbed hate speech by activists. "I lost...

Oct 28, 2022

Business

Gap to remove Yeezy Gap products from stores immediately

Gap, which ended its partnership with Ye, formerly Kanye West, in September, have confirmed it is accelerating the removal of Yeezy Gap products from its store and have shut down the dedicated website for the brand. In a statement, Gap said: “In September, Gap announced ending its Yeezy Gap partnership. Our former partner’s recent remarks and...

Oct 26, 2022

Fashion

Yzy Gap Engineered by Balenciaga unveils second collection

Kanye West (Ye) and Demna Gvasalia’s joint venture, Yzy Gap Engineered by Balenciaga, has unveiled its second collection amid rifts between the rapper-turned-designer and the American retailer. The new collection expands the offer beyond its typical black hoodies and sweatpants to now also include outerwear and knitwear, alongside “redefined...

Sep 23, 2022

ManagementFeatured

Gap to cut around 500 corporate jobs amid falling sales

US fashion giant Gap plans to cut around 500 office jobs as it looks to cut costs amid falling sales. The move will mostly impact employees at the retailer's offices in San Francisco and New York, as well as in Asia, people familiar with the matter told The Wall Street Journal. In a memo to employees, seen by the news publication, Gap’s...

Sep 21, 2022

BusinessFeatured

Gap Inc and Kanye West's Yeezy brand to end partnership

Gap Inc and Kanye West are officially ending their partnership. The contract for the Yeezy Gap collection will terminate 8 years early, opting out of a renewal, after it was originally set to expire in 2030. Launched in 2020 to much hype and fanfare, the collaboration was to generate 1 billion dollars in annual sales, spanning men’s, women’s and...

Sep 16, 2022