Gap news and archive

Old Navy innovates with Radar, uses RFID and AI for smarter inventory management

Old Navy, a brand under Gap Inc., is enhancing its retail operations through a new partnership with American technology company Radar. This collaboration aims to implement AI-powered RFID technology across all U.S. Old Navy stores to optimize inventory management, according to a Gap Inc. press release. Old Navy CEO Haio Barbeito stated that this...

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Gap reports higher earnings and comparable sales in Q4

San Francisco based apparel retailer Gap maintained growth momentum in the fourth quarter of 2024 with comparable sales increase of 3 percent. Net income increased to 206 million dollars and diluted earnings per share to 54 cents versus 185 million dollars and 50 cents reported in the previous year. However, net sales of 4.1 billion dollars were...

Fashion |In Pictures Featured

Gap championing Black designers for Black History Month

American retailer Gap has teamed up with New York-based Harlem’s Fashion Row (HFR), which provides business solutions to retailers committed to equity for Black and Latin-X design talent, to launch a limited-edition collaboration featuring the work of six Black designers. The Gap × Harlem’s Fashion Row collection launches on February 14 during...

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Gap and Sean Wotherspoon to launch GapVintage programme

US retailer Gap has announced a new programme alongside its global vintage curator, Sean Wotherspoon, intended to place the company’s product archive “directly in the hands of customers around the world”. Beginning February 4, 2025, in the US, GapVintage will see the release of a series of yearlong vintage drops curated by Wotherspoon, while...

Retail

Legacy retail brands stage comeback amid shifting consumer priorities

Traditional American retail brands are experiencing an unexpected renaissance in 2024, even as economic headwinds continue to reshape consumer behaviour. Market data from Placer.ai reveals a nuanced picture where heritage names are finding new relevance, particularly among millennial shoppers who once drove their initial success. Anthropologie...

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Gap registers positive Q3, lifts outlook

Gap’s third quarter net sales of 3.8 billion dollars were up 2 percent compared to last year and comparable sales were up 1 percent year-over-year. As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. "I'm proud that...

Fashion |In Pictures

Gap launches collection with Paddington

American retailer Gap has launched a limited-edition capsule collection with the beloved children’s character Paddington Bear, ahead of StudioCanal’s ‘Paddington in Peru’ film on November 8. The 19-piece collection, shoppable at Gap.co.uk, features playful, everyday essentials for toddlers and babies, combining Gap’s super-soft, elevated designs...

Fashion Featured

L’Enchanteur wins 2024 CFDA/Vogue Fashion Fund

Dynasty and Soull Ogun, the twin sisters behind lifestyle brand L’Enchanteur, best known for its jewellery, have won the 2024 CFDA/Vogue Fashion Fund award. As winners, L’Enchanteur will receive 300,000 US dollars to boost its business, alongside mentorship from a top industry professional. The fashion prize also names Jackson Wiederhoeft of...

Fashion |In Pictures Featured

Gap unveils holiday collection with Cult Gaia

American retailer Gap is collaborating with Los Angeles-based Cult Gaia on a holiday collection for women and kids launching on October 10. The 35-piece collection draws inspiration from Cult Gaia's modern, sculptural influence, combined with Gap's “most loved” essentials to create a range of statement pieces designed to celebrate “the beauty...

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Gap reports strong Q2, increases outlook

Gap net sales for the second quarter of 3.7 billion dollars were up 5 percent with comparable sales up 3 percent year-over-year. Increasing its gross margin and operating income outlook for the year ahead, the company said it expects FY24 operating income in the 50’s growth range and gross margin expansion of 200 bps. "In comparison to where we...

People

Gap, HeyDude and Tom Ford: Brand ambassadors on the move this week

It was a busy week for brands and their respective ambassadors, many of whom were selected for their connections to a younger generation of potential shoppers, a group brands are continuously trying to align with. Here are some of the biggest collaborations of the week, some ringing in the launch of the all important autumn campaigns. HeyDude...

Fashion Featured

Fashion giants join forces to decarbonise supply chains

Leading fashion brands are collaborating on an innovative financing initiative to accelerate the decarbonisation of their global supply chains, which account for an estimated 99 percent of the industry's total greenhouse gas emissions. The Future Supplier Initiative, facilitated by The Fashion Pact in partnership with the Apparel Impact...