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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.

  • Jones Lang LaSalle adds talent in North Carolina

    Charlotte, N.C. -- Jones Lang LaSalle has signed industry veteran Stephanie Moore as VP in its Charlotte office. Moore will work with John Bemis, executive VP and retail lead for the southeast region.

    Moore comes to Jones Lang LaSalle from CBRE, where she represented landlords such as Equity One, Tishman Speyer, Behringer Harvard and Grosvenor in acquisitions and dispositions. She also conducted nationwide searches for Max Mara, GAP, Godiva and Hickey Freeman.

     

  • 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.

  • Gap adds Paraguay, Hungary to global growth plans

    San Francisco -- Gap Inc. announced Monday that it will introduce the Gap brand to Paraguay and Hungary through new agreements with existing franchise partners: Neutral for Paraguay and Gottex Brands for Hungary. The first Gap store will open later this year in Paraguay, joining Neutral’s 2012 Gap launch in Uruguay. And, in Hungary, Gottex Brands will open two Gap stores in Budapest. A specific timeline wasn’t released.

  • NRF criticizes Bangladesh safety accord

    New York -- The National Retail Federation on Wednesday criticized a fire-and-building safety agreement for Bangladesh, led by labor groups such as Europe's IndustriALL.  

    "While the proposal put forth by the labor unions addresses a number of shared concerns, the accord veers away from commonsense solutions and seeks to advance a narrow agenda driven by special interests," NRF CEO Matthew Shay said in a statement.

  • Former Gap VP named CEO of David’s Bridal

    Conshohocken, Pa. -- David’s Bridal has named Pamela B. Wallack as CEO, effective May 28. She joins David’s Bridal from Gap Inc., where she has held senior positions since 2005.

    Wallack was the president of Gap Adult, Body and Accessories from 2010 to 2011 and the president of Gap Kids and Baby from 2005 to 2010. In 2011, she was tapped to establish and lead the Gap Global Creative Center, responsible for global design, marketing and production

  • Mixed-bag for retailers in April; TJX, Gap and The Buckle shine

    New York -- TJX Cos., The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.
       
    TJX Cos. said that same-store sales in April were up 8% on strong customer traffic, better than 6.8% increase that analysts had expected. For the four weeks ended May 4, total revenue rose 9% to $2 billion.
       

  • Getting Physical: Online Retailers Move Offline

    Go offline, young man: That appears to be the mantra of e-commerce merchants these days.

    As competition in the world of online retailing heats up — with Amazon's ever-burgeoning dominance posing the biggest threat — more pure-players are taking the brick-and-mortar plunge. It's a reminder, many experts say, of the strong appeal of the in-store experience — even when stacked up against the convenience of online shopping.

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