Gap Inc news and archive

Gap posts increase in Q3 sales and earnings

American clothing retailer Gap said on Tuesday its Q3 revenue for 2018 rose by 7 percent, while diluted earnings per share were 0.69 cents compared with third quarter fiscal year 2017 diluted earnings per share of 0.58 cents. The company has updated its diluted earnings per share guidance for fiscal year 2018 to be in the range of 2.55 US...

loading...

Report

Gap Q2 revenues rise 8 percent

American clothing retailer Gap said on Thursday its Q2 revenue for 2018 increased by 8 percent. Profit rose by 9.6 percent from the same period last year. Hover over the graph to learn more. The company’s sales in Q2 2018 were 4.1 billion US dollars, up from 3.8 billion US dollars a year earlier. Net profit rose to 297 million US dollars. The...

loading...

Report

Gap Q1 profits increase 14.7 percent

American clothing retailer Gap said on Thursday its Q1 net profit for 2018 increased. Revenues increased by 10 percent from the same period last year. The company’s net profit for Q1 2018 was 164 million US dollars, up from 143 million US dollars a year earlier. Revenues increased to 3783 million US dollars. The profit margin of the company rose...

loading...

Management|UPDATE Featured

Gap confirms Banana Republic's exit from the UK

London - Banana Republic’s stay in the UK has come to an end, as parent company Gap Inc has confirmed that it will shut all of its eight Banana Republic stores in the country. The confirmation comes a mere hours after Retail Week released a report claiming that the US fashion retailer was preparing to shutter its Banana Republic stores in the...

loading...

Business

Gap's Banana Republic to exit the UK?

London - Banana Republic's days in the UK could be numbered as parent company Gap Inc is said to be ready to pull its apparel label out of the country. According to a report from Retail Week, Gap Inc is preparing to shutter its eight Banana Republic stores throughout the UK, including key locations in Covent Garden and Regent Street in as little...

loading...

Report

Gap Inc. Banana Republic to exit the UK?

London - Banana Republic's days in the UK could be numbered as parent company Gap Inc is said to be ready to pull its apparel label out of the country. According to a report from Retail Week, Gap Inc is preparing to shutter its seven Banana Republic stores throughout the UK, including key locations in Covent Garden and Regent Street in as little...

loading...

People

Old Navy taps new global president

Old Navy recently just made a new executive change. The American brand has tapped the talents of Sonia Syngal for the position of global president. It hasn’t been the most successful period of time for the brand. In the past couple of months, Old Navy has been declining in sales across the board. However, the new change can be a source of hope...

loading...

Management

Infographic - Can Gap bounce back after becoming fashion's 'basic' brand?

Gap was once seen as the ultimate American brand for fashion basics, but over the years the US retailer has struggled to hold consumer interest as attention for its denim jeans and fleece pullover waned. Now with increasing competition from fast-fashion retailers, Gap's popularity is fading fast and parent company Gap Inc has found itself in...

loading...

Business

Infographic - Can Gap bounce back after becoming fashion's 'basic' brand?

Gap was once seen as the ultimate American brand for fashion basics, but over the years the US retailer has struggled to hold consumer interest as attention for its denim jeans and fleece pullover waned. Now with increasing competition from fast-fashion retailers, Gap's popularity is fading fast and parent company Gap Inc has found itself in...

loading...

Management

Can Gap bounce back after becoming fashion's 'basic brand?'

America's former sweetheart Gap was once praised for its timeless basic collection as everyone sought out its denim jeans and fleece pullovers. However as the wheel of fashion continues to turn, attention for the brand waned greatly over the years as consumers moved onto bigger and brighter fashion grounds. As the brand's popularity fades and...

loading...

BusinessFeatured

Can Gap bounce back after becoming fashion's 'basic' brand?

America's former sweetheart Gap was once praised for its timeless basic collection as everyone sought out its denim jeans and fleece pullovers. However as the wheel of fashion continues to turn, attention for the brand waned greatly over the years as consumers moved onto bigger and brighter fashion grounds. As the brand's popularity fades and...

loading...

RetailFeatured

Gap and Old Navy to open new flagship locations in Times Square

New York - While Gap Inc. recently announced that they would be closing 175 stores and laying off 250 employees, that didn't mean a full on scale back of all business. The company has recently announced their plans to open two new flagship stores in one of the most famous places in all of New York City: Times Square. While many might be...

loading...