Content about Glenn Murphy

February 20, 2014

Gap Inc. will raise the minimum hourly wage for all U.S. employees to $9 in 2014, and then raise it again, to $10, in 2015.

April 17, 2013

In a presentation to shareholders at its annual investor meeting on Wednesday, Gap CEO Glenn Murphy outlined growth initiatives that include taking Old Navy international via a franchising route, and expanding on its online programs.

February 28, 2013

Gap Inc. offered further proof that its turnaround has taken hold, reporting a 61% increase in fourth quarter profit amid strong same-store sales growth across its banners.

November 1, 2012

With retail books closed prior to Hurricane Sandy’s arrival in the Northeast, most retailers experienced same-store sales gains for the month of October, some with stronger showings than others.

October 16, 2012

Gap Inc. is bringing several of its divisions under the leadership of one executive in order to fuel long-term growth.

May 31, 2012

With only a few exceptions, retailers are posting solid gains in May, with such chains as Target, TJX, Ross and TJX Cos. beating Wall Street forecasts for the month. The Thomson Reuters Same-Store Index, which tracks the stores that release monthly sales reports, is expected to rise 3.6% in May.

October 13, 2011

Gap reaffirmed the company’s commitment to reducing square footage at home while aggressively growing its online revenue and international presence during a presentation to investors in New York City.

August 19, 2011

Gap reported Thursday that profit for the quarter ended July 30 dropped 19% to $189 million, compared with $234 million in the year-ago period.

June 10, 2011

“The economic model of Outlet is the highest return on capital and is where customers gravitate," Gap CEO Glenn Murphy said at an investment conference in New York City, where he revealed the company will close 200 U.S. Gap stores and expand its outlet base.

June 9, 2011

At an investor conference on Thursday, Gap CEO Glenn Murphy announced the company will close 200 of its 900 U.S. namesake stores even as it expands its outlet presence.

April 12, 2011

A report by the Associated Press revealed that Gap CEO Glenn Murphy received compensation worth nearly $6 million in 2010, an 18% increase from the year before.

February 1, 2011

Gap announced Tuesday that Marka Hansen president of Gap North America, has resigned, effective Feb. 4.

December 1, 2010

The annual Big Builders Survey measures new stores opened in 2009 and 2010, including relocations, and highlights retailers with notable construction activity.

October 13, 2010

Gap announced Thursday that a three-to-five year strategic plan that calls for expansion into China...

October 4, 2010

President Barack Obama announced an initiative on Tuesday linking companies including Gap and McDonald’s Corp....

June 9, 2008

Speaking at the 28th annual Piper Jaffray Consumer Conference on Tuesday, Gap, Inc. CEO Glenn...

March 3, 2008

A disappointing fourth quarter is prompting Gap Inc. to abandon its spring TV campaign and...

August 31, 2007

What were they thinking? That was my...

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