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   Gap mulls closure of UK warehouse and distribution operation  2020/10/23 16:10:57 Motor Transport
Clothes retailer Gap said it could close down its Rugby distribution centre following a strategic review of its warehouse and distribution model. In a statement from US-based Gap Inc, Mark Breitbard, head of Gap Brand Global, said it had begun reviewing its options in Europe: “One of the options being explored is the possible closure of our company-operated Gap stores in the United Kingdom, France, Ireland and Italy at the end of the second quarter in 2021. “In addition, we […] The post Gap mulls closure of UK warehouse and distribution operation appeared first on Motor Transport .
   Gap shares up 11% on plans to close stores, focus on e-commerce and off-mall retail  2020/10/22 18:13:44 CNBC
Gap Inc. shares are up more than 11% after the retailer revealed plans Thursday to shrink its store footprint by about 350 stores and switch to a business model that's driven by e-commerce and off-mall locations.
   Gap Inc. to Unveil Power Plan 2023 Strategy and Provide Long-Term Financial Targets  2020/10/21 13:15:00 Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Gap Inc. (NYSE: GPS) tomorrow is hosting a virtual investor meeting to unveil its Power Plan 2023 strategy.
   Gap Inc. Confirms Nancy Green as President and CEO of Old Navy  2020/10/08 20:15:00 Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Gap Inc. (NYSE: GPS) today announced the appointment of Nancy Green as the President and CEO of Old Navy, the company’s largest brand. Green will report to Sonia Syngal, CEO of Gap Inc. and will serve on the company’s senior leadership team. Green has served as interim head of Old Navy since March and was previously President and Chief Creative Officer of the brand. “Nancy is a visionary leader who brings deep customer empathy to her role every day. She has led t
   IN BRIEF: Brooklyn designer sues Banana Republic over distinctive ampersand  2020/10/06 22:04:19 Reuters
A Brooklyn, New York-based design firm has sued clothing retailer Banana Republic, accusing the Gap Inc unit of using a stylized ampersand the firm designed in online ads without a commercial license.
   Gap Inc. Confirms Nancy Green as President and CEO of Old Navy  2020/10/08 20:15:00 Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Gap Inc. (NYSE: GPS) today announced the appointment of Nancy Green as the President and CEO of Old Navy, the company’s largest brand. Green will report to Sonia Syngal, CEO of Gap Inc. and will serve on the company’s senior leadership team. Green has served as interim head of Old Navy since March and was previously President and Chief Creative Officer of the brand. “Nancy is a visionary leader who brings deep customer empathy to her role every day. She has led t
   IN BRIEF: Brooklyn designer sues Banana Republic over distinctive ampersand  2020/10/06 22:04:19 Reuters
A Brooklyn, New York-based design firm has sued clothing retailer Banana Republic, accusing the Gap Inc unit of using a stylized ampersand the firm designed in online ads without a commercial license.
   Gap Inc. To Hire Seasonal Associates To Support Customer Experience  2020/10/02 09:03:00 RTT News
Apparel retailer Gap Inc. (GPS) is planning to hire seasonal associates to support its Gap, Banana Republic, Athleta, Old Navy, Intermix and Janie and Jack stores, as well as customer contact centers and fulfilment centers during the 2020 holiday season.
   Gap to hire virtually for fulfillment, customer centers this holiday season  2020/10/01 12:46:25 Channel NewsAsia
Gap Inc said on Thursday it will virtually hire seasonal staff for the busy holiday months to help the apparel retailer fulfill online orders and man its customer contact centers as consumers shop heavily online due to the pandemic.
   Gap Inc. and Arvind Fashions to terminate franchise business in India  2020/09/30 10:18:52 Economic Times India
NEW DELHI: Gap Inc. and Arvind Fashions are parting ways, six years after the Bengaluru-based company signed a master franchisee for India and Arvind and US fashion group are currently looking for a buyer for Gap's India business.“We wish to inform that Arvind Lifestyle Brands Limited, a wholly owned subsidiary of Arvind Fashions Limited (AFL) and Gap Inc., have decided to mutually terminate their franchise business relationship in India,” Arvind Fashions told the Bombay Stock Exchange in a filing late on Tuesday.Arvind said in the filing that currently it, along with the US fashion company, is looking for a buyer for Gap franchisee in India.“As next steps, both companies will work out modalities regarding transition of the Gap business,” the filing further said. “Arvind Lifestyle Brands Limited, has appointed an Investment Bank to find a buyer for the Gap business.”One person familiar with the development said the companies have approached one of India’s largest retail groups and an e-commerce company for a possible deal.
   Fashion industry accused of water pollution blindspot  2020/09/13 23:01:10 BusinessGreen
Latest CDP report reveals vast majority of top fashion firms are failing to adequately respond to investor concerns over water-related risks across their value chain The fashion industry has been accused of being "blind" to the risks of water pollution by a new report from investor-backed environmental disclosure platform CDP. The research, which has been released today in the run up to this year's London Fashion Week , reveals that only 10 per cent of listed fashion firms have demonstrated awareness of their impact on water pollution levels. CDP said the fashion and textile industry is responsible for substantial levels of water pollution at each stage of the supply chain, from agricultural runoff in cotton fields to the toxic chemicals used during the dying process and the microfibres that can be released when clothes are washed. Yet, of 136 businesses whose investors requested impact assessments on water pollution, only 62 - or 46 per cent - provided data in 2019. Of these, only seven - including Gap Inc, H&M, and luxury goods brand Kering - demonstrated awareness of water pollution across their entire value chain.
   BofA Upgrades Gap On Athleta Performance, Old Navy Prospects  2020/08/28 15:23:48 Benzinga
Sales at Gap Inc’s (NYSE: GPS ) Old Navy brand are likely to return to pre-pandemic levels faster than expected, according to BofA Securities. The Gap Analyst: Lorraine Hutchinson upgraded Gap from Underperform to Neutral and raised the price target from $10 to $18. The Gap Thesis: Although the company recorded an 18% decline in second-quarter sales, its Old Navy and Athleta brands benefited from higher demand for activewear and leisure, Hutchinson said in the Friday upgrade note. (See her track record here .) Sales were down by 28% at the Gap brand and by 52% at Banana … Full story available on Benzinga.com
   Gap, Banana Republic to close more than 225 stores this year  2020/08/28 14:41:44 New York Post
Gap and Banana Republic will close more than 225 stores worldwide this year as their parent company slims down its brick-and-mortar footprint. Gap Inc’s Thursday announcement suggests it’s closing far more stores than it expected in March, when it said it would end the 2020 fiscal year with about 90 fewer company-operated shops. The San…
   Gap swings to a loss as sales drop 18%, says strong online sales softened the blow from closed stores  2020/08/27 20:15:15 CNBC
Gap Inc. said Thursday its total sales tumbled 18% during the latest quarter, as e-commerce revenue surged 95% from a year ago, but those gains were offset by a 48% drop in store sales during the coronavirus pandemic.
   'Fast Money' Picks For August 24  2020/08/22 20:41:50 Benzinga
On CNBC's "Fast Money Final Trade," Tim Seymour said Gap Inc (NYSE: GPS ) had some painful lessons and it failed some classes. He sees some signs of rationalization and growth and … Full story available on Benzinga.com

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