Apparel retailer Gap Inc., parent to Old Navy, Gap, Banana Republic, and Athleta, announced net sales of 3.5 billion dollars, a 2 percent increase for its first quarter ended May 3, 2025. Comparable sales also rose by 2 percent year-over-year. Online sales increased 6 percent and represented 39 percent of total net sales, while store sales...
May 30, 2025
Gap Inc. received an honorary doctorate from the Academy of Art University, recognizing the company's contributions to fashion education in San Francisco. Gap Inc. announced the news on its LinkedIn page. At the university's 2025 Graduating Class Annual Fashion Show, President Elisa Stephens presented the honor to Gap Inc. Sarah Holme, Head of...
May 14, 2025
Fashion retailer Gap has launched a new limited-edition capsule collection to mark the release of the upcoming movie adaptation of Wicked, which will debut in cinemas on November 22. The collection consists of 20 items, including pieces for children and adults inspired by the movie's main characters, Elphaba and Glinda. Key pieces in the capsule...
Oct 28, 2024
Gap net sales for the second quarter of 3.7 billion dollars were up 5 percent with comparable sales up 3 percent year-over-year. Increasing its gross margin and operating income outlook for the year ahead, the company said it expects FY24 operating income in the 50’s growth range and gross margin expansion of 200 bps. "In comparison to where we...
Aug 30, 2024
Gap Inc. has appointed Sven Gerjets as the company’s new chief technology officer. “It is crucial that our technology portfolio and digital roadmap support the reinvigoration of our brands and enable us to build deeper connections with our customers and achieve our goals. Today we welcome Sven Gerjets who joins us as chief technology officer,...
Jun 18, 2024
First quarter net sales of 3.4 billion dollars at Gap were up 3 percent with comparable sales up 3 percent year-over-year. Store sales for the quarter increased 3 percent and online sales increased 5 percent. As a result of its strong first quarter results, the company is increasing its outlook for fiscal 2024, reflecting higher net sales and...
May 31, 2024
Sandra Stangl, president and chief executive of Banana Republic, is exiting the Gap Inc-owned company, after four years in the role. Both Gap and Banana Republic have struggled to return to the popularity of their heyday in the nineties and oughts, having gone through multiple transformations and revamps. “As we close out the first quarter of...
May 2, 2024
Gap Inc., the parent company of Gap, Old Navy, and Athleta, has partnered with Ambercycle to leverage textile-to-textile recycled materials in Athleta products. Established in 2015, the Los Angeles-based Ambercycle developed cycora®, a superior regenerated polyester made from discarded textiles, designed to substitute traditional polyester. From...
Mar 6, 2024
Harlem Fashion Row (HFR) is set to stage the 6th edition of its annual Black History Month Summit. Set to run February 15 from 1 pm to 5 pm EST, the event known as HFR- Live – The Iconic Era celebrates and honors the contributions of notable black designers, pioneers, creative directors, editors, and influencers within the fashion industry....
Feb 5, 2024
Gap Inc. announced the appointment of a new chief business and strategy officer and a chief people officer Friday morning as the fashion and lifestyle retailer continues to redefine its business strategy for the future. Eric Chan, Gap's new chief business and strategy officer, stepped into his new role this week onwards, while Amy Thompson will...
Jan 12, 2024
Net sales at Gap Inc. of 3.55 billion dollars, were down 8 percent compared to last year, while comparable sales were down 6 percent. Reported net income was 117 million dollars; while reported diluted earnings per share were 32 cents. The company reported adjusted net income of 127 million dollars, and adjusted diluted earnings per share were...
Aug 25, 2023
Banana Republic has revealed its forthcoming exclusive capsule collaboration with renowned New York-based fashion designer, Peter Do. The collaboration, set to debut this Fall, will amalgamate the ethos of both American brands, accentuating the significance of sartorial choices and how to dress. Grounded in the principles of versatility,...
Aug 16, 2023
