Mon, Mar 23
Changes are also underway at specialty clothing retailer The Gap Inc, which is reducing the size of its board from 13 to 10 members, and lowering directors' pay as part of an ongoing focus on cost-cutting. The San Francisco based company also disclosed that chairman and CEO Glenn Murphy ha...
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A Gap for international growth 
source: just-style.com
The San Francisco based firm is also planning a return to television advertising in November following a two-year absence, as well as expanding its outlet stores, and launching online businesses in Canada and the United Kingdom in 2010. It also said it intends to reduce square footage by...
Published Sun, Oct 18
Donald Fisher, legendary retail giant, dies 
source: BloggingStocks
Back in the late 1960s -- when the hippie movement was in full force -- Donald Fisher started a blue jeans store in San Francisco. Yes, it eventually turned into a retail empire, called The Gap (NYSE: GPS). The company now has more than 3,100 stores and $14.5 billion in revenues.
Published Mon, Sep 28
Gap, Inc. Gives Warm Fuzzies with 2010 Olympics Youth Donation 
source: PR Inside (Pressemitteilung)
The Foundation for Global Sports Development (GSD) is treating 50 at-risk kids from the Boys & Girls Clubs of San Francisco to the 2010 Vancouver Olympic Games free of charge. But what does an at-risk kid from California have to wear in a Canadian winter? San Francisco-based Gap Inc., o...
Published Fri, Sep 25
American Eagle Outfitters bombs with comps in the second quarter 
source: BloggingStocks
American Eagle Outfitters (NYSE: AEO), a fashion retailer that competes with Gap (NYSE: GPS) and Abercrombie & Fitch (NYSE: ANF), didn't do too well in Q2. Total sales went down 5%, and earnings per share on a GAAP basis fell a most awful 50% to 14 cents. According to Bloomberg, the adjus...
Published Fri, Aug 28
source: just-style.com
The results come after two years of cost cutting and expense management at the San Francisco based retailer - although sales worryingly continue to fall in all its divisions. Its best performing unit was Old Navy, but there is still work to be done at the Gap, Banana Republic and internatio...
Published Mon, Aug 24
Aeropostale posts a sharp increase in Q2 profit 
source: BloggingStocks
Aeropostale (NYSE: ARO), a retailer that competes with Abercrombie & Fitch (NYSE: ANF), American Eagle Outfitters (NYSE: AEO), and Gap (NYSE: GPS), posted what I thought was a superb second-quarter earnings summary on Thursday after the bell. The figures were very appealing, and...
Published Fri, Aug 21
NYSE traders to wear Gap jeans for a day? 
source: BloggingStocks
The Wall Street Journal reports (subscription required) that "As part of a joint promotion between Gap Stores Inc. (NYSE: GPS) and the Big Board, traders will be outfitted with 1969 Premium Jeans from the retailer. Gap executives will ring the closing bell Friday, remotely from the compa...
Published Mon, Aug 17
Lesotho scandal needs to be the last 
source: just-style.com
San Francisco clothing giants Levi Strauss and Gap Inc have been rocked by a supply chain scandal, but how long will PR disasters like this continue to happen? If they cannot be, then perhaps clothing companies should lay off the marketing offensive of selling ethically-sourced clothi...
Published Mon, Aug 3