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Gap, Inc.

  • Gap and Costco shine in June

    New York -- U.S. retailers' June sales suggest overall consumer spending is improving, even though lower-end shoppers are holding back on nonessential purchases. Same-store sales increased 3.9% in June compared to the year-ago period, according to a preliminary tally of 12 retailers by the International Council of Shopping Centers. The association had expected a 3% to 3.5% increase.

  • Walmart gains ally in mobile payment initiative

    Walmart, Target, Best Buy and other retailers created a cooperative nearly a year ago to develop a mobile payment approach and this week they welcomed another major player to the fold.

  • Williams-Sonoma hires former Hallmark exec; announces management changes

    San Francisco -- Williams-Sonoma has hired David Jimenez, former VP of visual store design and merchandising for Hallmark, as senior VP of visual store and experience. Prior to Hallmark, David worked at national retailers including Gap Inc., Restoration Hardware and Pottery Barn.

  • Hallmark exec Jimenez named SVP at Williams-Sonoma

    David Jimenez was named SVP of visual and store experience at Williams-Sonoma to drive further growth and innovation at the operator of 587 upscale home goods stores.

    In addition to the appointment of Jimenez, the company named three other executives to new leadership roles in the supply chain area.

  • Bob’s Stores/EMS parent names Petty CEO

    Meriden, Conn. – Vestis Retail Group, parent company of Bob’s Stores and Eastern Mountain Sports (EMS), has named James Petty as CEO effective July 8, 2013. Petty most recently served as president of retail stores for Cartier Inc. from 2007 to December 2012 and left the company after it relocated its retail group headquarters from Connecticut to Georgia. He also previously held executive positions at Limited Too and Gap Inc.

  • Bob’s Stores gets new CEO from Carter’s

    James Petty has joined private equity owned Vestis Retail Group as CEO, effective July 8, to drive new growth opportunities.

    Petty joins Vestis, parent company of Bob’s Stores and Eastern Mountain Sports, after serving since 2007 as president of retail stores for Carter’s Inc. Petty left Carter’s last December after a restructuring resulted in Carter’s relocating its retail group to its Atlanta headquarters from Connectticut. Prior to Carter’s, Petty held senior roles at Limited Too and Gap, Inc.

  • Bloomberg: Retail sales edge up 0.4% in May

    New York – Initial Bloomberg estimates indicate US retail sales edged up 0.4% last month, with growth in the job market spurring increased consumer willingness to spend money. The projected increase is the largest in three months and follows smaller increases of 0.1% in April.

  • Modest May for retailers

    New York -- Same-stores sales increased 3.2% in May, edging up from a 3% gain in April, according to a preliminary tally of 12 retailers by the International Council of Shopping Centers.  

    The number of retailers reporting same-store sales has dropped dramatically over the past two years, with major department store companies and discounters no longer reporting. Many specialty fashion chains are also following suit. Some experts caution that the results are now so limited they are not representative of the industry at large.

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