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#gap

Every story tagged #gap on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

72 stories in this topic

Gap Clothing Store
Fashion
1 min read

Gap, Old Navy power parent company’s sales growth in first quarter

Gap, a leading global retailer, has demonstrated an impressive performance in its first quarter. The company’s success is primarily attributable to the robust results from its principal brands, Gap and Old Navy. First Quarter Sales Surge The company reported…

Gap Clothing Store
Fashion
2 min read

Gap appoints Chris Blakeslee president and CEO of Athleta

Gap announced that it is appointing Chris Blakeslee as the new President and CEO of Athleta, joining the company August 7. In this role, Blakeslee will drive strategic growth for the portfolio’s nearly $1.5 billion1 women’s active and lifestyle brand, and…

reliance mart
Fashion
1 min read

Reliance Retail opens first freestanding GAP store in Mumbai

In this second phase, after opening over 50 Gap shop-in-shops since last year, Reliance Retail will help open a series of freestanding Gap stores across the country in the coming months. New Delhi: Reliance Retail, on Friday, has opened the first freestanding…

Gap Clothing Store
Fashion
1 min read

Gap to sell Greater China units to e-commerce firm Baozun

US apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world’s second-largest economy. Dealmakers have seen…

Gap Clothing Store
Fashion
1 min read

Gap eliminates 500 corporate jobs amid shrinking margins

Gap Inc is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at brands including Old Navy. The company is laying off staff and eliminating positions that are…

Gap Clothing Store
Fashion
2 min read

Gap CEO walks the plank as Old Navy’s woes worsen

Gap shares slid more than 18% Friday after the company slashed its sales outlook for the first quarter of fiscal 2022, citing what it called “execution challenges” its Old Navy business, and announced the CEO of that division, Nancy Green, will leave her post…

Gap Clothing Store
Fashion
1 min read

Reliance Retail inks franchise deal with Gap

Reliance Retail Ltd on Wednesday announced its long-term partnership with Gap and plans to bring the iconic American fashion brand to India. “Through a long-term franchise agreement, Reliance Retail has become the official retailer for Gap across all channels…

Gap Clothing Store
Fashion
1 min read

Gap buys AI tech business

Gap is investing on AI and machine learning technology through the acquisition with the New York and Tel Aviv-based start-up Context-Based 4 (CB4). CB4’s technology has been implemented by several fashion retailers, including Levi’s, Urban Outfitters, Lidl,…

china factory
Fashion
1 min read

US apparel companies seek speedy vaccination of Vietnamese workers

The American Apparel & Footwear Association (AAFA) has requested the U.S. and Vietnam governments to speed up the distribution of vaccines to major suppliers of Adidas, Gap and other brands. “We urge you to dramatically ramp up distribution of vaccines,…

Gap Clothing Store
Fashion
2 min read

Gap to close all 81 stores across the UK, Ireland

The firm said it would close all its stores “in a phased manner” between the end of August and the end of September. This includes 19 stores that were already scheduled to close in July as their leases were expiring. The company has not disclosed how many…

Gap Clothing Store
Fashion
1 min read

Gap sells Janie and Jack children’s fashion label

As part of a three-year strategic plan to focus its four largest brands — Old Navy, Gap, Banana Republic and Athleta — Gap Inc. said it will sell its children’s business to investment firm Go Global Retail on Thursday. Gap bought Janie and Jack in 2019 for…

Gap Clothing Store
Fashion
1 min read

Gap mulls sale of China business

Apparel retailer Gap is weighing options including a potential sale of its China business, citing people with knowledge of the matter. The report said the Old Navy parent was working with an adviser to explore its options and has contacted prospective…