Gap

Gap was founded in 1969 by Donald Fisher and Doris F. Fisher in San Francisco. The group is the owner of Gap, Banana Republic, Old Navy, Hill City and Athleta. The founding family is still connected to the company owning a majority stake.

Gap closes all of its stores in North America over pandemic

Gap announced that starting tomorrow all of its stores in North America will be closed. So far, Macy’s, Kering, Nike or Hudson’s Bay, among others, have also taken the equivalent measures.

Gap contemplates the closure of its flagship stores in Times Square

The American fashion retailer chain is studying the possibility of renting emblematic stores of its chains to third parties.

Coronavirus: Gap expects $100 million impact on sales in Q1

The company states that “it is not currently possible to provide a reasonable estimate” beyond the first quarter.

The once biggest fashion retailer in the world has been stuck in boredom for years. The group need an executive that gives it a spin and bets on the product.

Gap keeps struggling, profit plunges 47%

The company expects to end its fiscal year with a single digit drop in sales. In the third quarter, the company’s sales were 3.9 billion dollars.

Gap chief executive officer Art Peck to step down

Art Peck leaves office as president and chief executive officer of the fourth largest fashion retailer. Robert J. Fisher, son of the founders, relieves him on an interim basis.

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New York, Los Angeles and Singapore: the hottest cities worldwide for retail

A new report elaborated by Modaes.es and supported by Tendam Group and Spain’s Enterprise Institute analyses unveils the top 100 most attractive cities for retail companies.

Gap contracts sales 2% but boosts benefit 36% in first quarter

The American company has registered a volume of business of 3,706 million dollars (3,310 million euros) between February and March.

Gap to split into two public companies, with Old Navy as a standalone

After presenting the results of 2018, the board of directors of the group announced the split, which will be effective in 2020.

The American fashion retailer plans to make several store openings in 2020. Its childrenswear line is already sold thought their ecommerce.

The fashion retailer has appointed Mary Beth Laughton as president and CEO of the sportswear chain. She will take the role at the end of October.

The American retail giant, that operated in the country until 2016, has opened a new store in the capital of the country.

The American giant closed the first half of its fiscal year, ended August 3rd, with a net benefit of 7.7 billion dollars, and sales for 395 million dollars.

The American retail giant creates the new business model Style Passport, that will allow the customer to rent three garments a month for a fixed price of 85 dollars.

Bestseller, Gap, Li&Fung, PVH, Target, VF Corporation or Target are some of the big fashion retailers that participate in the Life and Building Safety Initiative (Labs) platform to promote safety in the factories located in these countries.

The American retail urban fashion brand has added to its board of directors, Felix Carbullido, current vice president and marketing director of Williams-Sonoma.

Nancy Green, former president of Athleta joins Old Navy as its new president and chief creative officer.

The company lead by Alfonso Cirera adds to its team Pamela Meyers, that will be based in San Francisco. Nylstar will close 2019 with sales of 10 million and positive ebitda.

The parent company of Zara is the one that has closed the most stores, although it also opened the most in this period. H&M, on the other hand, closed only 488, although it has accelerated its reorganization in the last years.

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