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Gap, Inc.

  • Millennials are no fans of Banana Republic

    A new study from RBC Capital reveals that reversing Banana Republic’s ongoing sales decline is not going to be an easy fix for Gap Inc., reported thestreet.com.
     
    In the survey, 48% of millennials polled said they disliked the chain compared to 22% who said they liked it. A majority of non-millennials also said they disliked the brand.
     

  • Gap among those unfazed by Macy’s coming store closures

    Top suppliers don’t seem very worried about Macy’s looming store closings. And neither does the CEO of Gap Inc., according to a report by CNBC.com.   Gap chief executive Art Peck told attendees at Goldman Sachs' Annual Global Retailing Conference that he sees the Macy's store closures as an opportunity to grab market share, the report said.  

  • David’s Bridal CEO steps down; replaced by former Gap head

    Photo: Paul Pressler   The CEO of David's Bridal is out after three years on the job.    The specialty retailer said Pam Wallack has left the company, but gave no reason for her departure, the Associated Press reported. Wallack will be replaced by David’s Bridal chairman and former Gap Inc. head Paul Pressler, who once worked with her at Gap.          

  • Toy exec joins Gap board

    The chief executive of Hasbro Inc. has joined the board of directors of Gap Inc., effective Aug. 12.   The retailer said it is adding Brian D. Goldner to its board as the merchant focuses on its “next era of retail.” His appointment comes shortly after Gap posted a disappointing sales for the second quarter.   

  • Gap not looking great

    Gap Inc. unveiled preliminary results for the second quarter that were not very promising as Banana Republic continues to bleed. The retailer said revenue and same-store sales slipped for the month of July, and for the second quarter, which ended July 30. Gap’s net sales for the quarter were $3.85 billion, compared with $3.90 billion for the second quarter last year.

  • Gap not looking great

    Gap Inc. unveiled preliminary results for the second quarter that were not very promising as Banana Republic continues to bleed.   The retailer said revenue and same-store sales slipped for the month of July, and for the second quarter, which ended July 30.   Gap’s net sales for the quarter were $3.85 billion, compared with $3.90 billion for the second quarter last year.  

  • Gap gets some good news — finally

    The month of June brought a welcome bit of news for beleaguered Gap Inc.   The company reported that net sales for the five-week period ended July 2, 2016 increased 2% to $1.57 billion.   “We are pleased to see better performance across the portfolio this month, partly driven by an improvement in June traffic trends, particularly at Old Navy,” said Sabrina Simmons, CFO, Gap Inc.  

  • BevMo grabs two more Albertsons execs

    Specialty alcoholic beverage retailer BevMo is shuffling its leadership team as part of an organizational transformation initiative.  
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