Gap Archives - Inside Retail Asia
Gap Inc is planning to roll out Janie and Jack and Athleta stores globally, via a franchise model.
Gap’s second quarter has proven to be mostly a continuation of the first, with negative results across nearly all segments of the business.
Gap Inc sales have slumped globally and across the whole company with the Gap brand the worst performer, down 10 per cent. “This quarter was extremely challenging, and we are not at all satisfied with our results,” said president and CEO Art Peck in a results release. “We are committed to improving our execution and performance this year.” Against a first-quarter Gap Inc sa…
Bankrupt children’s clothing retailer Gymboree is set to sell its primary brand to competitor Children’s Place.
Gap plans to spin off and float its Old Navy business, creating two independent publicly traded companies.
Gap brand sales fell 7 per cent globally in the last quarter as the US apparel retailer fails to re-engage consumers.
Singapore retailer FJ Benjamin has recorded a change of fortune, turning its first annual profit in four years.
The deep-seated problems at the Gap brand need to be resolved. And soon, says retail analyst Neil Saunders.
Gap Inc has named a new president and CEO for its troubled Gap brand.
Gap Inc again had to rely on its budget brand Old Navy to deliver modest growth in the first quarter, as its core brand stuttered yet again.
Gap is ramping up its roll-out of Old Navy stores as the budget brand drives growth for the embattled US apparel giant.
Failing US president Donald Trump is facing widespread backlash from US retailers and brands over his intention to trigger a trade war with China and other nations.