Gap news and archive

Gap to sell childrenswear brand Janie and Jack to Go Global Retail

Gap is to sell its premium childrenswear label Janie and Jack to Go Global Retail, two years after buying it. Founded in 2002, San Francisco-based Janie and Jack sells apparel, footwear, and accessories from newborn to size 16. The company has 115 retail stores in the US as well as a webstore. It was acquired by Gap back in March 2019. Go Global...

Mar 29, 2021

Fashion

Gap introduces most sustainable collections to-date

American retailer Gap has launched its most sustainable capsule collection to date, featuring everyday essentials across adult, teen, kids, and babyGap. Building upon the brand’s 2016 Gap for Good commitment to use less water and more sustainable materials, the ‘Generation Good’ capsule is made of organic and recycled fabrics and has been...

Mar 23, 2021

Retail

Fast fashion retailers are closing their stores, shrinking global retail

The annus horribilis for global retailers in the fashion industry is yet to end. Covid-19 has been an ongoing catalyst for transformation and at worst had a Darwinian effect, spurring an international reduction of physical shops. According to Modaes, Spain’s economic fashion news outlet, an estimate of closures from three large players including...

Mar 16, 2021

Management

Gap posts sales decline in Q4, expects recovery in 2021

Gap’s diluted earnings per share were 61 cents for the fourth quarter of fiscal year 2020. The company said, net sales were 4.4 billion dollars, a decrease of 5 percent compared with last year, while online sales grew 49 percent compared with last year and represented 46 percent of net sales in the fourth quarter, which was an increase of over...

Mar 5, 2021

Report

Gap appoints former Disney exec to board

Gap has announced the appointment of former Disney exec Salaam Coleman Smith to its board of directors, effective March 22. A media industry veteran, Smith served as executive vice president at the Disney ABC Television Group where she oversaw strategy and programming for ABC Family and Freeform. Prior to joining Disney, Smith spent more than a...

Mar 4, 2021

Report

Gap declares first quarter dividend

Gap Inc. has announced that its board of directors affirmed the payment of its previously approved and deferred first quarter fiscal year 2020 dividend of 0.2425 cents per share, payable on or after April 28, 2021 to shareholders of record at the close of business on April 7, 2021. The company also announced its intent to initiate a quarterly...

Mar 3, 2021

Business

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