• Home
  • Tags
  • banana republic

banana republic news and archive

Fashion

Banana Republic in partnership with Delivering Good and Rock the Vote

Banana Republic introduces ‘Will Work For A Better Republic’ campaign in partnership with Delivering Good and Rock the Vote. The campaign reflects a range of individuals, couples and families redefining their new normal with working from home becoming a normality. The brand takes sweaters and joggers from loungewear to functional pieces of...

2 Sep 2020

Fashion

Gap Inc. to close 225 stores

Gap Inc. has announced they will be closing an additional 225 Gap and Banana Republic stores, with additional store closures planned for 2021. The company is even closing Gap's San Francisco flagship store. Although Gap is seeking net losses, they are still performing better than expected. Second quarter net sales fell 18 percent year over year...

28 Aug 2020

Business

Online demand boosts Gap's Q2, comparable sales increase by 13 percent

Net sales at Gap Inc., were down 18 percent year-over-year to 3,275 million dollars, reflecting a 95 percent increase in online sales, offset by a 48 percent decline in store sales, which were impacted by partial closures during the quarter. During May, the company said in a statement, Gap began reopening stores previously closed as a result of...

28 Aug 2020

Business

Store closures hit Gap's Q1 sales, posts 43 percent decline

Gap Inc.’s first quarter net sales were down 43 percent, as the company said, momentum in the first 35 days of the quarter was more than offset by meaningful deceleration in demand after temporary store closures beginning in mid-March. While the company’s first quarter online sales increased 13 percent, store sales decreased 61 percent compared...

5 Jun 2020

Fashion

Banana Republic donates 20 million dollars worth of clothing

Banana Republic is responding to the current crises in the U.S. through clothing donations. The Gap Inc.-owned brand has pledged 20 million dollars worth of clothing to those in need. The company has partnered with nonprofit Delivering Good to donate clothing to several partner organizations in states that have been most impacted. These...

2 Jun 2020

Fashion

Gap looking to attract new audiences through licensing

Global fashion retail group Gap Inc. has appointed licensing leader IMG as its first-ever exclusive multi-brand licensing representative, as it eyes expansion with cross-category product extensions that will help it introduce new audiences around the world to its portfolio of brands. The new multi-year licensing deal will initially focus on Gap,...

4 May 2020

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 were...

13 Mar 2020

Fashion

Banana Republic and Goop team up for capsule collection

Banana Republic has launched "The Goop Edit for Banana Republic" - a capsule collection created by the contemporary womenswear brand and lifestyle company. The collection marks the second collaboration between the two parties, who first joined forces in September 2019 to create a co-branded podcast series called Women on Top. The podcast aims to...

11 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

People

Gap CEO Art Peck to step down amid falling sales

The Gap Inc. has announced that its President and Chief Executive Officer Art Peck will step down from his position and from the company’s board after a brief transition. Effective immediately, the company added, Robert J. Fisher, the company’s current non-executive chairman of the board, will also serve as president and chief executive officer...

8 Nov 2019

Fashion

Banana Republic unveils gender neutral UNIversal Collection

Banana Republic has introduced a special capsule line of gender neutral clothing as a furtherance of its commitment to celebrating diversity and equality.Called the UNIversal Collection, Banana Republic's new collection features modern classic styles in gender neutral sizing designed to provide a universally flattering fit. The collection...

29 Oct 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