Gap has acquired AI startup CB4 to improve retail operations through predictive analytics and demand sensing. “We believe artificial intelligence and machine learning will shape the future of our industry. Gap Inc. has experience working with CB4’s world-class data scientists, so we understand the impact and the wide applications their science...
Oct 5, 2021
Earlier this week, Gap took a subtle approach to unveiling its new Kanye Yeezy Gap hoodie. While they didn’t make a lot of big fan fare around the launch, within hours the 90-dollar hoodie sold out in adult and kid sizes. The hoodie, which was available for pre-order in six colors, with a two-to-eight-week shipping turnaround time, saw all adult...
Oct 1, 2021
There was little marketing needed to launch Kanye West’s second collaboration with Gap. After the successful nylon jacket debuted for pre-order in June – a round-shaped, zipperless puffer in bright blue that became an immediate sell-out - the YZY brand has quietly boosted Gap’s share price. The latest garment, a hoodie retailing at 90 dollars,...
Bloomberg has reported that Gap Inc. will be selling a 1.5-billion-dollar junk sale bond to buy back the debt raised throughout the peak of the COVID-19 pandemic last year. This will cut Gap’s borrowing costs as they work on rebounding after taking a hit from COVID-19 lockdowns. The new note is split into two, and people familiar with the matter...
Sep 15, 2021
Gap reported second quarter diluted earnings per share of 67 cents, while adjusted earnings per share were 70 cents. The company raised its full year reported diluted earnings per share guidance to be in the range of 1.90 dollars to 2.05 dollars and 2.10 dollars to 2.25 dollars on an adjusted basis. The company’s net sales of 4.2 billion dollars...
Aug 27, 2021
Gap has acquired Drapr, an ecommerce startup and online application based on technology that enables customers to create 3D avatars and virtually try on clothing. The company said in a statement that Drapr is designed to help customers find the best clothing size and fit for their personal style and body type, while helping retailers reduce...
Just over a month since Kanye West’s collaboration with Gap released the first product for pre-order, ablue ‘Round Jacket’ for the US marketthe retailer has unveiled the second product and the first for shoppers in the UK, Europe and Japan, a black version. Like the blue version, the black Yeezy Gap ‘Round Jacket’ features a curved,...
Jul 15, 2021
Mickey Drexler, the former heavyweight boss at Gap and J. Crew, has been appointed CEO of Alex Mill, the company founded by his son. Drexler, who famously turned around a stale J. Crew in the early oughts after having made the Gap a fashion destination, had a magic touch revamping both businesses with his eye for detail, but left after the...
Jul 9, 2021
US fashion retailer Gap has announced plans to close all its stores in the UK and Republic of Ireland “in a phased manner” from the end of August through the end of September 2021. The decision comes following a strategic review the company launched last year to find “more cost-effective ways to maintain a presence and serve customers in Europe”...
Jun 30, 2021
The first born child of the Yeezy x Gap collection is here. Kanye West’s first product for Gap is a bright blue puffer jacket made from recycled nylon (at least it’s sustainable). It’s now available for pre-order on Gap’s website for 200 dollars. While 200 dollars might seem a bit steep for the average Gap consumer, Yeezy was known for running...
Jun 9, 2021
US fashion retailer Gap is reportedly planning to close 19 stores across the UK and the Republic of Ireland this summer as it streamlines its store estate. The company has decided not to extend the lease of the affected stores when they expire on July 31 following a strategic review launched in autumn last year, Drapers reports. The location of...
Gap has unveiled the first look from its highly anticipated collaboration with Kanye West, a Yeezy Gap blue puffer jacket available for pre-order to US customers only. The blue ‘Round Jacket’ features a curved, drop-shoulder silhouette and is made from recycled nylon. The first Yeezy Gap item will retail for 200 US dollars and will launch in...
Jun 8, 2021
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