In parallel with these moves, the brand will close a limited number of European stores during this period. But in some parts of the UK, the gender pay gap is so wide, it is as though women work unpaid from September. Haas referred Fisher to Bud Robinson, his Director of Advertising, for what Haas assumed would be a quick refusal; but instead Robinson and Fisher carefully worked out a legal test plan for what was to become The Gap named by Don's wife Doris Fisher. There is an estimated 26 sq.
Drexler refused to sign a non-compete agreement and eventually became CEO of J. One month after his departure, merchandise that he had ordered was responsible for a strong rebound in sales.
Fisher recruited Paul Pressler as the new CEO; he was credited with closing under-performing locations and paying off debt.
However, his focus groups failed to recover the company's leadership in its market. In , Gap announced that it would "focus [its] efforts on recruiting a chief executive officer who has deep retailing and merchandising experience ideally in apparel, understands the creative process and can effectively execute strategies in large, complex environments while maintaining strong financial discipline".
That January, Pressler resigned after two disappointing holiday sales seasons and was succeeded by Robert J. Fisher on an interim basis. The executive president for marketing and merchandising Jack Calhoun became interim president of Banana Republic.
Robinson was hired as chief designer in , but was dismissed in May after sales failed to increase. However, he enjoyed commercial success in international markets. In October , Gap Inc. In January , Gap Inc announced plans to close their subsidiary Piperlime in order to focus on their core brands.
In September , Gap Inc began publicizing Hill City, a men's athletic apparel brand they plan to launch in October The Gap's original trademark was a service mark for retail clothing store services.
The first use of the trademark was on August 23, , and expanded to commercial usage on October 17, A second application was filed by Gap Stores, Inc. The first usage for shirts and clothing products was on June 25, Trademark registration was granted on December 28, On October 4, , in an effort to establish a contemporary presence, Gap introduced a new logo. It was designed with the Helvetica font and reduced the prominence of the brand's iconic blue box. After much public outcry, the company reverted to its previous "blue box" logo on October 12, after less than a week in use.
Banana Republic , a small safari-themed clothing retailer, was purchased by Gap in and was rebranded as an upscale clothing retailer in the late s. Old Navy was launched in as a value chain with a specialty flair. A fifth brand, the online clothing and accessories retailer Piperlime , was created in ; however, as of April , the brand has been retired. Intermix , a multi-brand fashion retailer founded in , was acquired by Gap Inc. The Gap originally targeted the younger generation when it opened, with its name referring to the generation gap of the time.
The Gap was the first of many shops that carried only Levi's. In , Gap started making their own jeans as a way to differentiate themselves from department stores. Gap's current marketing works to appeal to a broad demographic of customers, whereas Banana Republic presents a sophisticated image with an self expressing easygoing personality and Old Navy focuses "fun, fashion, and value" for families and younger customers.
While the company has been criticized for blandness and uniformity in its selling environments, it maintains that it tailors its stores "to appeal to unique markets" by developing multiple formats and designs.
Gap now has a store in New Delhi, India which opened in May In May , Gap Inc. In , Gap closed all seven of its stores in Israel. The expanded Gap Product Red collection was released on October 13, Other launch partners included American Express , Apple Inc. Reports from news outlets of sweatshop workers in Saipan not being paid for overtime work, being subjected to forced abortion , and being required to work in unsafe working conditions surfaced in In May , adult and child employees of Western Factory, a supplier in Irbid , Jordan , were found to have worked up to hours per week and to have gone six months without being paid.
Some employees claimed they had been raped by managers. As of May [update] , Gap no longer sources from that supplier, though it continues to source from other manufacturers in Jordan. Gap promised to investigate breaches in its ethical policy.
Bangladeshi and international labor groups in put forth a detailed safety proposal which entailed the establishment of independent inspections of garment factories. The plan called for inspectors to have the power to close unsafe factories. The proposal entailed a legally binding contract between suppliers, customers and unions. At a meeting in in Dhaka , major European and North American retailers, including Gap, rejected the proposal.
Further efforts by unions to advance the proposal after numerous and deadly factory fires have been rejected. The current leadership is: As of the end of Q4 , Gap Inc. Gap sorry for selling T-shirt with 'incorrect' map of China. From Wikipedia, the free encyclopedia. Redirected from Gap clothing retailer. Donald Fisher Doris F. Apparel Accessories Personal care products.
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For non-regulatory purposes the company usually refers to itself as "Gap Inc. Retrieved August 7, Archived from the original PDF on March 28, Following a thorough evaluation of its business and operations, Gap plans to right-size its specialty store fleet and streamline its headquarter workforce, primarily in North America, as part of the comprehensive effort to deliver more consistent and compelling product collections and engage customers across all channels.
In order to drive productivity improvements and showcase the brand in the most successful locations, Gap will close about specialty stores in North America over the next few years, with about closures occurring this fiscal year. In parallel with these moves, the brand will close a limited number of European stores during this period. The brand will continue to have a robust global presence in more than 50 countries and with about 1, company-operated and franchise locations globally.
These costs are expected to be recognized primarily in the second quarter of fiscal year and include lease buyouts, asset impairments primarily related to the Gap fleet, inventory and fabric write-offs, and employee related costs associated with organizational changes.
The company will outline its business priorities at an investor meeting on Tuesday, June 16 at its headquarters in San Francisco. A live webcast of the presentations will take place from approximately 9: Pacific Time and will be accessible on Gap Inc.
In addition, audio of this meeting can be accessed by calling GPS or for domestic callers and for international callers. The conference passcode is A replay of the event will be available on www. All statements other than those that are purely historical are forward-looking statements. Forward-looking statements include statements regarding the following:.
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Sep 06, · While it sheds dozens of Gap and Banana Republic locations, the company will open roughly new Old Navy and Athleta stores. Gap Inc. forecasts that Old Navy sales will surpass $10 billion, and Athleta will top $1 billion in the next few years. Jun 16, · Gap announced on Monday that it planned to close one-fourth of its stores in North America over the next few years, potentially affecting thousands of jobs, as the brand struggles to turn around a business mired in a long sales slump. Sep 06, · Gap, the parent company of all of those brands, said Wednesday that it plans to close about "underperforming" Gap and Banana Republic locations. There are currently about 2, Gap and Banana Republic stores worldwide, according to public filings, so the closures would likely impact about 10% of them.