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Business

Gap's Q4 sales increase 1 percent, the company names new CFO

On a reported basis, Gap Inc. said its diluted loss per share was 49 cents for the fourth quarter and diluted earnings per share for fiscal year 2019 were 93 cents, while the company’s adjusted diluted earnings per share were 58 cents for the fourth quarter and 1.97 dollars for fiscal year 2019. The company’s fourth quarter comparable sales...

13 Mar 2020

People

Allbirds appoints Old Navy’s Chief Creative Officer to Board of Directors

Nancy Green, President and Chief Creative Officer at Old Navy and former CEO of Athleta, has been appointed by Allbirds to its Board of Directors, according to a statement by the sustainable footwear brand. Green's appointment to the Board is effective February 10, 2020. Commenting on its choice, Allbirds said Green “emerged as one of the most...

10 Feb 2020

Business

Gap won't spinoff Old Navy brand citing 'cost and complexity'

Gap has announced that the company no longer plans to separate Old Navy into a standalone public company. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert Fisher, Gap Inc. Interim President and CEO in a statement, adding, “While the objectives of the separation remain...

17 Jan 2020

Business

Gap announces quarterly dividend

Gap Inc. board of directors authorized a fourth quarter fiscal year 2019 dividend of 2425 cents per share, payable on or after January 29, 2020 to shareholders of record at the close of business on January 8, 2020. Gap offers clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic,...

15 Nov 2019

Retail

Banana Republic and Athleta launch BOPIS ahead of holiday season

Gap Inc. is already preparing for the 2019 holiday season. The apparel retailer announced today that its brands Banana Republic and Athleta are introducing the popular buy online, pick up in-store service, also known as BOPIS. The service is currently available at all U.S. stores for each brand. BOPIS allows shoppers to check inventory at their...

1 Oct 2019

People

Mary Beth Laughton to join as CEO of Athleta brand

Gap Inc. has announced the appointment of Mary Beth Laughton as President and Chief Executive Officer of Athleta. Laughton, the company said, will begin her new role in late October and will serve on Gap Inc.’s senior leadership team reporting to President and CEO Art Peck. “Mary Beth brings a strong background in digital operations, a keen...

25 Sep 2019

Business

Gap continues to struggle, Q2 same-store sales drop 4 percent

Gap Inc. reported earnings per share of 44 cents on a basic and diluted basis, compared to 77 cents and 76 cents, respectively in the second quarter of last year. On an adjusted basis, earnings per share were 63 cents. The company’s second quarter comparable sales were down 4 percent compared with a 2 percent increase last year, while net sales...

23 Aug 2019

Fashion

Athleta signs first-ever sponsored athlete

Gap-owned women’s sportswear brand Athleta has named American sprinter Allyson Felix as its first-ever sponsored athlete, as it looks “empower women and girls through sports”. Felix, one of the most decorated track and field athletes in US history, recently spoke out against former sponsor Nike's pregnancy policy, and her new sponsorship deal...

1 Aug 2019

Business

Gap declares third quarter dividend

Gap Inc. has announced that its board of directors authorized a third quarter fiscal year 2018 dividend of 0.2425 dollar per share, payable on or after October 31, 2018 to shareholders of record at the close of business on October 10, 2018. The company offers clothing, accessories, and personal care products for men, women, and children under...

20 Aug 2018

Fashion

Athleta debuts Suit Up campaign

After years of vigorously testing their designs on athletes, the company teamed up with notable female figures including 3x world champion kite surfer Moona Whyte, 2x medalist and ISLA National Lifeguarding Champion Alice Henley, 2x FINA silver medal cliff diver Ginger Huber, and synchronized swim team The Aqualillies for the launch of Suit Up,...

21 May 2018

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...

7 Dec 2015

Business

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...

4 Dec 2015

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