Gap news and archive

Coach sues Gap for "Coach" t-shirts

American lifestyle brand Gap has stirred controversy with another player in the lifestyle market by offering t-shirts featuring the word "Coach." The move has provoked Tapestry-owned Coach, which has initiated legal action against Gap for allegedly selling these tees without authorization. In a trademark infringement lawsuit filed in the federal...

Fashion |In Pictures Featured

Gap unveils collaboration with Palace

American fashion and lifestyle retailer Gap has unveiled a new collaboration with London-based skate label Palace for adults and kids. The collection launching on March 22 is described by Gap as “an ode to the brands’ shared heritage - highlighting self-expression, individuality, and community through pieces inspired by ’90s style, skate...

Gap reports positive fourth quarter results

Gap’s fourth quarter net sales of 4.3 billion dollars were up 1 percent, with comparable sales flat year-over-year. Net sales for the full year of 14.9 billion dollars were down 5 percent, while comparable sales down 2 percent. For the fiscal year 2024, the company forecasts net sales to remain flat, gross margin expansion of 50 basis points,...

People

Gap Inc. appoints Zac Posen as EVP, creative director

Gap Inc. on Tuesday said it appointed American fashion designer Zac Posen to the position of executive vice president and creative director. Mr Posen will also take on the role of chief creative officer for Old Navy, which is situated in San Francisco. Renowned for his award-winning designs that embrace both technical prowess and body...

BusinessFeatured

Hollywood, Skims and accountability: Top 11 US stories for 2023

There is no denying that 2023 has been a turbulent year for the US fashion market, as declining consumer confidence continued to take hold of the region and impact wider sales. No matter, while some large-scale conglomerates attempted to build up their defences through turnaround strategies, there were some positives for the industry, namely in...

Fashion

Gap and Dapper Dan expand collaboration to kidswear

Gap has unveiled its latest collaboration with Dapper Dan, including a new collection of kids’ clothing, sweatpants and accessories. Following the success of Dapper Dan’s limited-edition hoodie, the new 18-piece DAP Gap collection for adults and kids has been expanded to include graphic logo hoodies that feature ‘Harlem’ with the DAP logo in...

BusinessFeatured

Gap forecasts flat holiday quarter ahead

Gap reported third quarter net sales of 3.8 billion dollars, down 7 percent compared to last year, inclusive of an estimated 2 percentage points negative impact from the sale of Gap China. Comparable sales for the quarter were down 2 percent. The company is estimating fourth quarter net sales to be flat to slightly negative compared to last year...

Business

Under Armour names Gap veteran as chief supply chain officer

Sportswear giant Under Armour has appointed Shawn Curran to the role of chief supply chain officer after what it said was a comprehensive search and interview process. In the position, which he will take on from October 16, Curran will oversee end-to-end planning and go-to-market, product sourcing, manufacturing and quality, global vendor base...

People

Gap’s global creative director reportedly steps down

The current global creative director of Gap, Len Peltier, is believed to have stepped down from the position in July. The news had been confirmed in a statement by a spokesperson for Gap, who told Drapers that Peltier had “exited the business this summer”. His replacement has not yet been named. Peltier first joined Gap Inc in 2017, initially...

Fashion

Gap announces collaboration with LoveShackFancy

Gap has joined forces with New York City-based LoveShackFancy for a limited-edition collection that blends both distinctive brand identities in an expansive collaboration. The 76-piece collection encompasses men’s, women’s, and children’s categories, as well as spanning accessories and baby wear. Captured by photographer Zoey Grossman, the...

BusinessFeatured

Gap appoints Richard Dickson as the company's new CEO

Gap Inc. with a portfolio that includes Old Navy, Gap, Banana Republic and Athleta, has announced the appointment of Richard Dickson as the company's president and chief executive officer, effective August 22, 2023. "Richard has invaluable expertise in areas critical to the work Gap Inc. is doing to strengthen the company for the long term. And...

People

Gap names Chris Blakeslee as President and CEO of Athleta

Gap Inc. has appointed Chris Blakeslee as the new President and CEO of Athleta, the women's active and lifestyle brand with a nearly 1.5 billion dollar portfolio. In a statement Gap saidBlakeslee's extensive expertise in apparel retail and wholesale will drive strategic growth, building on Athleta's product innovation and mission to empower...