Gap Inc. news and archive

Gap Inc. signs licensing deal with Unlimited Footwear Group

Unlimited Footwear Group (UFG) has announced the signing of a new strategic licensing partnership with Gap Inc. that will see it design, produce and distribute Gap branded footwear. The agreement spans the entire European Union, the UK, Switzerland and Scandinavia, in a deal brokered by IMG. Upcoming footwear collections will each aim to mirror...

Business

Gap assembles advisory board to drive systemic change

Multi-brand group Gap Inc. has brought together The Power of the Collective Council to build upon its efforts of pushing for systemic change and advocating for historically marginalised communities. As part of its 2025 commitment, Create For All, With All, the new council has been tasked with addressing three strategic pillars - Community,...

Business

Gap Inc. shares slide

Gap Inc. shares took a deep plunge on Friday, dropping 0.58 percent to 17 dollars and 1 cent. Friday was a mixed day for trading, with the S&P 500 Index rising 0.52 percent and the Dow Jones Industrial Average declining 0.06 percent. Gap had three consecutive days of losses, closing 20 dollars and 62 cents below its 52-week high of 37 dollars...

BusinessFeatured

Gap Inc. releases 2020 Global Sustainability Report

In a summary of its actions and progress towards its sustainability commitments, Gap Inc. has released its 2020 Global Sustainability Report detailing the international efforts of the company and each of its brands, including Old Navy, Gap, Banana Republic and Athleta. The report includes a company analysis on its development of an inclusive...

Business

Gap Inc. announces plans to drive women’s empowerment in its supply chain

Gap Inc. has launched a new initiative called Empower@Work to help female garment workers feel more represented in its global supply chains. To drive collective action, Gap Inc. has partnered with Business for Social Responsibility, ILO-IFC Better Work, and CARE to launch a platform that will focus on building and deploying sustainable,...

Fashion

Gap Inc. signs onto 2025 Sustainable Cotton Challenge

Gap Inc. has taken another step in ensuring its cotton comes from sustainable sources. The retail company has joined the 2025 Sustainable Cotton Challenge, an initiative put forth by the U.S. Cotton Trust Protocol and Textile Exchange. The Sustainable Cotton Challenge is an initiative formed by Prince Charles in 2017, aiming to achieve more than...

Business

Gap posts flat sales growth in Q3

Gap Inc. said that its third quarter results reflected flat sales versus last year, supported by 5 percent growth in comparable sales, which was driven by a 61 percent increase in online sales. The company said in a statement that net sales were impacted by the company’s ongoing strategy to close unprofitable stores. Gross margin increased 160...

People

Gap appoints new global brand manager

The US fashion company, Gap Inc., has appointed Mark Breitbard as its new global head of Gap. In addition to his new role, he will continue to lead the company's franchise business, strategic alliances and licensing, as well as Gap’s sub-brands, Intermix and Janie and Jack. Mark Breitbard has more than 25 years of experience transforming and...

BusinessFeatured

Online demand boosts Gap's Q2, comparable sales increase by 13 percent

Net sales at Gap Inc., were down 18 percent year-over-year to 3,275 million dollars, reflecting a 95 percent increase in online sales, offset by a 48 percent decline in store sales, which were impacted by partial closures during the quarter. During May, the company said in a statement, Gap began reopening stores previously closed as a result of...

Fashion Featured

Gap looking to attract new audiences through licensing

Global fashion retail group Gap Inc. has appointed licensing leader IMG as its first-ever exclusive multi-brand licensing representative, as it eyes expansion with cross-category product extensions that will help it introduce new audiences around the world to its portfolio of brands. The new multi-year licensing deal will initially focus on Gap,...