The Gap, Inc.,[6] commonly known as Gap Inc. or Gap (stylized as GAP), is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap (the namesake banner), Banana Republic, Old Navy, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M.[7] As of early 2023, Gap employs about 95,000 people.[8]
The Fisher family remains deeply involved in the company, collectively owning much of its stock.[9]Donald Fisher served as chairman of the board until 2004, playing a role in the ouster of then-CEO Millard Drexler in 2002, and remained on the board until his death on September 27, 2009. Fisher's wife and their son, Robert J. Fisher, also serve on Gap's board of directors. Robert succeeded his father as chairman in 2004 and also served as CEO on an interim basis following the resignation of Paul Pressler in 2007, before being succeeded by Glenn K. Murphy up until 2014. From February 2015 to November 2019, Art Peck was CEO of Gap Inc.,[10] until he was replaced by Sonia Syngal in March 2020.[11] Syngal stepped down in July 2022, with Executive Chairman Bob Martin serving as interim CEO.[12] In February 2024, Gap appointed American fashion designer Zac Posen as Creative Director of Gap, and Chief Creative Officer for Old Navy.[13]
History
In 1969, Don Fisher, a California commercial real estate broker specializing in retail store location, enlisted the help of his friend, Walter Haas Jr., President of Levi Strauss & Co. Fisher was inspired by the sudden success of 'The Tower of Shoes' in an old Quonset hut in a non-retail industrial area of Sacramento, California,[14][15] that drew crowds by advertising that no matter what brand, style or size of shoes a woman could want it was at The Tower of Shoes. And knowing that even Macy's, the biggest Levi's customer, was constantly running out of the best selling Levi's sizes, and colors, Fisher asked Haas to let him copy The Tower of Shoes' business model and apply it to Levi's products. 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). The name was a reference to the "generation gap".[16]
Fisher agreed to stock only Levi's apparel in every style and size, all grouped by size, and Levi's guaranteed The Gap to be never out of stock by overnight replenishment from Levi's San Jose, California warehouse. And finally, Robinson offered to pay 50% of The Gap's radio advertising upfront and avoided antitrust laws by offering the same marketing package to any store that agreed to sell nothing but Levi's products.
In 1970, Gap opened its second store in San Jose. In 1971, Gap established its corporate headquarters in Burlingame, California with four employees. By 1973, the company had over 25 locations and had expanded into the East Coast market with a store in the Echelon Mall in Voorhees, New Jersey. In 1974, Gap began to sell private label merchandise.[17]
In the 1990s, Gap assumed an upscale identity and revamped its inventory under the direction of Mickey Drexler.[18] However, Drexler was removed from his position after 19 years of service in 2002 after over-expansion, a 29-month slump in sales, and tensions with the Fisher family. Drexler refused to sign a non-compete agreement and eventually became CEO of J. Crew. One month after his departure, merchandise that he had ordered was responsible for a strong rebound in sales.[19][20][21]Robert J. 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 2007, 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.[22][23][24] He began working with the company in 1980 and joined the board in 1990, and would later assume several senior executive positions, including president of Banana Republic and the Gap units.[25] The board's search committee was led by Adrian Bellamy, chairman of The Body Shop International and included founder Donald Fisher. On February 2, Marka Hansen, the former head of the Banana Republic division, replaced Cynthia Harriss as the leader of the Gap division. The executive president for marketing and merchandising Jack Calhoun became interim president of Banana Republic.[26] In May, Old Navy laid off approximately 300 managers in lower volume locations to help streamline costs. That July, Glenn Murphy, previously CEO of Shoppers Drug Mart in Canada, was announced as the new CEO of Gap, Inc. New lead designers were also brought on board to help define a fashionable image, including Patrick Robinson for Gap Adult, Simon Kneen for Banana Republic, and Todd Oldham for Old Navy. Robinson was hired as chief designer in 2007, but was dismissed in May 2011 after sales failed to increase. However, he enjoyed commercial success in international markets.[27][28][29] In 2007, Ethisphere Magazine chose Gap from among thousands of companies evaluated as one of 100 "World's Most Ethical Companies".[30]
In October 2011, Gap Inc. announced plans to close 189 US stores, nearly 21 percent, by the end of 2013; however, it also plans to expand its presence in China.[31][32] The company announced it would open its first stores in Brazil in the Fall of 2013.[33]
In January 2015, Gap Inc. announced plans to close their subsidiary Piperlime in order to focus on their core brands. The first and only Piperlime store, based in SoHo, New York City, closed in April.[34]
In September 2018, Gap Inc. began publicizing Hill City, a men's athletic apparel brand that launched in October 2018.[35]
In June 2020, Gap Inc. announced its collaboration with Kanye West's Yeezy Brand: Yeezy Gap. The announcement of the company's 10-year long contract with the music icon turned fashion innovator saw Gap Inc. garner $34.9 million in media impact value.
In August 2020, the company announced that it, alongside its Banana Republic brand, would close over 225 store locations as a result of the COVID-19 pandemic response.[36] Less than two months later, the company announced that the total number of stores to be closed by 2024 was 350. (220 Gap stores and 130 Banana Republic stores.)[37] The original plan of the company was to close only 90 stores, however, they expanded the number as a consequence of the financial effects caused by the pandemic restrictions. Most of the stores closed were ones set in malls.
In November 2020, Gap Inc. partnered with Afterpay. This collaboration was planned to improve the digital shopping experience.[38][39]
In February 2021, Gap Inc. announced a $140 million investment to build an 850,000 square foot distribution center in Longview, Texas, because it forecasts that its online business will double over the next two years. The new center will be able to process one million packages per day once completed in 2022.[40]
In September 2021, Gap Inc. cut the ribbon for the $41.7 million facility expansion in Gallatin, TN. In addition to hiring 1,100 employees to meet the demands of market share growth and peak season, Gap partnered with AHS to implement an automated order fulfillment system.
In September 2022, the company announced it would end its partnership with Kanye West.[41] Several days later, Gap announced it would cut some 500 corporate positions in its San Francisco and New York offices.[42] The firm also cut corporate jobs in Asia.[43] Gap announced that the layoffs were unrelated to the decision to end its partnership with West.[42] Gap announced more layoffs in April 2023.[44]
Gap Inc. has decided to completely leave Russia, as well as close all stores in the country, due to the unpopularity of the brand in Russia.[45]
In 2023, Gap launched a programme to support emerging designers in their early stages of development. The programme is sponsored by the company's internal initiative, Create With Audacity, providing space, tools and resources to develop talent. In partnership with ICON360, the non-profit arm of Harlem's Fashion Row Gap supports underrepresented Black designers in the industry, as well as fashion programmes at Historically Black Colleges and Universities (HBCUs).[46]
In 2023, Gap partnered with Cargill, GSK, WaterAid and the Water Resilience Coalition to launch the Women + Water Collaborative to improve access to clean water and sanitation in India, starting in the Krishna and Godavari River basins. The Collaborative continues to build on the work of a previous initiative of USAID Gap Inc. Women + Water Alliance, which has empowered more than 2.4 million people to improve their access to water and sanitation in India between 2017 and 2023.[47]
In May 2024, Gap introduced its limited collection in partnership with the Californian clothing brand, Dôen, celebrating sisterhood.[48]
Corporate identity
Logo
Gap Inc. owns a trademark to its name, "Gap". The Gap's original trademark was a service mark for retail clothing store services. The application was filed with the United States Patent and Trademark Office on February 29, 1972, by The Gap Stores; registration was granted on October 10, 1972. The first use of the trademark was on August 23, 1969, and expanded to commercial usage on October 17, 1969. A second application was filed by Gap Stores, Inc. on September 12, 1970, this time for a trademark filed for shirts. The first usage for shirts and clothing products was on June 25, 1974. Trademark registration was granted on December 28, 1976. Both the service mark and trademark are registered and owned by Gap (Apparel), LLC of San Francisco, California.[citation needed]
On October 4, 2010, 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 11, after less than a week in use.[49][50] Marka Hansen, the executive who oversaw the logo change, resigned February 1, 2011.[51]
August 21, 1969; October 5, 1970 – May 6, 1986
September 6, 1986 – January 1, 2016
October 4–11, 2010
January 1, 2016–present
Brands
Banana Republic
Banana Republic, a small safari-themed clothing retailer, was purchased by Gap in 1983 and was rebranded as an upscale clothing retailer in the late 1980s.
Old Navy
Old Navy was launched in 1994 as a value chain. On February 28, 2019, Gap Inc., announced that Old Navy will spin-off from the company, making Old Navy independent from Gap Inc.[52] This was reversed on January 16, 2020, when Gap Inc. announced that the separation had been called off.[53]
Athleta
Athleta was originally founded in 1998 as an independent company focused on women's athletic apparel. Gap acquired Athleta in 2008.[54] Gap opened the first brick and mortar Athleta store in 2011.[55]
Forth & Towne
Forth & Towne, the company's fourth traditional retail concept, was launched on August 24, 2005, featuring apparel targeted toward women 35 years and older.[56] On February 26, 2007, after an 18-month trial period, it was discontinued.
The Gap originally targeted the younger generation when it opened, with its name referring to the generation gap of the time.[57] It originally sold everything that Levi Strauss & Co made in every style, size, and color, and organized the stock by size. The Gap was the first of many shops that carried only Levi's. In 1973, Gap started making their own jeans as a way to differentiate themselves from department stores.[58] Gap's current marketing works to appeal to a broad demographic of customers, whereas Banana Republic presents a sophisticated image with a 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.[59] The domain www.gap.com attracts over 18 million visitors annually, according to a 2008 Compete.com survey.[60] In 2018, a Gap ad campaign featuring a young girl wearing a hijab has been stirring up controversy in France.[61]
Including both company-owned and franchised stores, as of June 2018, there were Gap, Banana Republic, Athleta, Intermix, or Old Navy stores in 43 countries.[62] In January 2008, Gap signed a deal with Marinopoulos Group to open Gap and Banana Republic stores in Greece, Romania, Bulgaria, Cyprus, and Croatia.[63] In February 2009, Elbit Imaging, Ltd. secured a franchise to open and operate Gap and Banana Republic stores in Israel.[64] In August 2010, the company opened its first store in Melbourne, Australia at Chadstone Shopping Centre.[65][66] In September 2011, Komax opened the first Gap store in Chile, due to a franchise.[67] In October 2011, the first GAP store opened in Warsaw, Poland,[68] but shut it down and two other locations in Wrocław and Katowice in 2015. Gap now has a store in New Delhi, India which opened in May 2015. On February 20, 2016, Gap launched stores in Mumbai at Oberoi Mall and Infinity-2.
In May 2016, Gap Inc. announced it would shutter all Old Navy stores in Japan in response to poor Q1 performance for Old Navy and consistent losses across the organization.[69]
In 2017, Gap closed all seven of its stores in Israel.[70] In 2018, Gap closed all its stores in Australia.[71]
By May 2021, Gap operated company-owned stores in the United States, Canada, Mexico, the United Kingdom, France, India, Italy, the Czech Republic, Ireland, Japan, Philippines, China, and Taiwan as of May2021[update].[72]
However, in June 2021, Gap confirmed plans to close all its 81 stores in the UK and Ireland and go online-only. The company said it would close all its stores "in a phased manner" between the end of August and the end of September. At the same time, Gap said it was in negotiations with another firm to take over all of its French stores. In Italy, Gap said it was in discussions with a partner for the potential acquisition of the stores there.[73] In September 2021, Gap and British clothes retailer Next announced a joint venture that will see Next manage Gap's UK website and place Gap concessions in some stores. The deal preserves Gap's presence on the UK high street following the closure of its own stores.[74] In November 2022, Baozun announced it intended to purchase Gaps's China unit, and that it would continue to operate Gap stores in China and Taiwan as franchises.[75]
In 2006, Gap took part in the Product Red campaign with the launch of a special RED collection, including a T-shirt manufactured in Lesotho from African cotton. The expanded Gap Product Red collection was released on October 13, 2006. 50 to 100 percent of the profits went to the Global Fund, depending on the item.[76] The company continued the products into 2007, especially in the lead up to Valentine's Day, using slogans such as "Admi(RED)" and "Desi(RED)". National Labor Committee for Worker and Human Rights activists criticized Gap's partnerships because Gap has historically been accused of sweatshop-like conditions.[77] Product Red has contributed over $45 million to the Global Fund, more than any other private donation received to date. Other launch partners included American Express, Apple Inc., Converse, Hallmark, Emporio Armani, and Motorola.
Controversies
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 1999.[78] In 2003, a class action lawsuit against Gap and 21 other companies was started which ended when a settlement of 20 million dollars was reached.[79]
In May 2006, adult and child employees of Western Factory, a supplier in Irbid, Jordan, were found to have worked up to 109 hours per week and to have gone six months without being paid. Some employees claimed they had been raped by managers.[80] The government of Jordan launched an investigation into the supplier and other textile factories and announced actions to prevent future abuses.[81]Walmart, who also sources from the supplier, confirmed "serious problems with working conditions" at Western Factory and other Jordanian suppliers. As of May 2018[update], Gap had ceased their relationship with Western Factory.[82]
On October 28, 2007, BBC footage showed child labor in Indian Gap factories.[83] The company denied knowledge of the happenings; it subsequently removed and destroyed the single piece of clothing in question, a smock blouse, from a British store. Gap promised to investigate breaches in its ethical policy.[84]
On February 19, 2014, Glenn Murphy, CEO of Gap Inc., announced Gap will raise the minimum wages for its 65,000 U.S. store employees.[85]
In 2020, a partnership between Gap and the rapper Kanye West was announced as a part of a 10-year deal. However, West accused Gap of failing to honor terms of the deal and decided to end the partnership in September 2022.[87]
Carbon footprint
Gap reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 241 Kt (-123 /-33.8% y-o-y)[88] and plans to reduce total emissions 90% by 2030 from a 2017 base year.[89] This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.[90]
Gap's annual Total CO2e Emissions - Market-Based Scope 1 + Scope 2 (in kilotonnes)[88]
Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
448
406
388
364
241
Management
Leadership
The current leadership is:
Richard Dickson, Chief Executive Officer, Gap Inc.[91]
Katrina O'Connell, Chief Financial Officer
Mark Breitbard, President & CEO, Gap
Chris Blakeslee, President and CEO, Athleta
Haio Barbeito, Brand President & CEO, Old Navy
Sandra Stangl, Brand President & CEO, Banana Republic
Julie Gruber, EVP, General Counsel, Corporate Secretary, Chief Compliance Officer, Gap Inc.
As of the end of Q3 2018, Gap Inc. had 3,688 company-operated or franchised stores in operation across 43 countries and had the ability to ship to 90 countries.[93][94] Stores in Brazil, Canada, China, France, Italy, Ireland, Japan, Mexico, Spain, UK, and US (including Puerto Rico) are company-owned; those outside of these countries are owned and operated by franchises.
In addition to previous store closures (such as the 2011–2013 closures in the U.S.), hundreds of stores were closed worldwide over several years, starting in 2020. (See §International presence section for details.) Being mostly based on 2018 data, the table below is largely out-of-date.
Banana Republic is an American upscale clothing and accessories retailer owned by The Gap. It was founded in 1978 by Mel and Patricia Ziegler, who originally called the company "Banana Republic Travel & Safari Clothing Company". In 1983, Gap purchased the company, changed the name to "Banana Republic," and rebranded the stores to achieve a more upscale image. In the 2020s, VP of design Nicole Wiesmann has re-envisioned the brand with ad editorial campaigns that evoke luxury brands like Loro Piana with higher-end garments that have been compared favorably with Ralph Lauren, The Row, and Burberry.
Old Navy is an American clothing and accessories retailing company owned by multinational corporation Gap Inc. It has corporate operations in the Mission Bay neighborhood of San Francisco, California. The largest of the Old Navy stores are its flagship stores, located in New York City, Seattle, Chicago, San Francisco, Manila, and Mexico City.
Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland, and is still operating as a franchise in seven Middle East countries. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.
American Eagle Outfitters, Inc. is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc., a company that also owned and operated Silverman's Menswear. The Silvermans sold their ownership interests in 1991 to Jacob Price of Knoxville, Tennessee. American Eagle Outfitters is the parent company of Aerie, Unsubscribed and Todd Snyder.
Domino's Pizza, Inc., commonly referred to as Domino's, is an American multinational pizza restaurant chain founded in 1960. and led by CEO Russell Weiner. The corporation is Delaware-domiciled and headquartered at the Domino's Farms Office Park in Ann Arbor Township, near Ann Arbor, Michigan. As of 2018, Domino's had approximately 15,000 stores, with 5,649 in the United States, 1,500 in India, and 1,249 in the United Kingdom. Domino's has stores in over 83 countries and 5,701 cities worldwide.
Donald George Fisher was an American billionaire businessman and philanthropist. He co-founded The Gap Inc. clothing stores with his wife Doris F. Fisher.
Forth & Towne is a defunct brand of clothing stores owned by Gap Inc., which owns Gap, Banana Republic, and Old Navy brands. It operated several test stores in the Chicago, Atlanta, and New York City areas. Forth & Towne focused on women over 35 who grew up with the Gap brand, but have "lost touch" with it.
J.Crew Group, Inc., is an American multi-brand, multi-channel, specialty retailer. The company offers an assortment of women's, men's, and children's apparel and accessories, including swimwear, outerwear, lounge-wear, bags, sweaters, denim, dresses, suiting, jewelry, and shoes.
Millard "Mickey" S. Drexler is an American businessman, who is the CEO of Alex Mill, and head of Drexler Ventures. He was formerly the CEO and chairman of J.Crew Group, as well as the CEO of Gap Inc.
JD Sports Fashion plc, commonly known as JD Sports, JD or JD Group is a British sports-fashion retail company based in Bury, Greater Manchester, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The Pentland Group owns 55% of the company.
The Cold Stone Creamery, Inc. is an American international ice cream parlor chain. Headquartered in Scottsdale, Arizona, the company is owned and operated by Kahala Brands. The company's main product is premium ice cream made with approximately 12–14% butterfat, made on location and customized for patrons at time of order. Cold Stone has also expanded its menu with other ice cream-related products, including: ice cream cakes, pies, cookie sandwiches, smoothies, shakes, and iced or blended coffee drinks.
AllSaints is a British fashion retailer headquartered in London, UK. AllSaints sells menswear, womenswear, footwear, and accessories in 281 stores, and has approximately 2,400 employees across 27 countries and regions including the UK, France, Ireland, USA, Mexico, Canada, Taiwan, Japan, South Korea and China.
Victoria's Secret is an American lingerie, clothing, and beauty retailer. Founded in 1977 by Roy and Gaye Raymond, the company's five lingerie stores were sold to Les Wexner in 1982. Wexner rapidly expanded into American shopping malls, growing the company into 350 stores nationally with sales of $1 billion by the early 1990s when Victoria's Secret became the largest lingerie retailer in the United States.
Rustan's is a Philippine chain of upmarket department stores owned by the Rustan Group of Companies (RGOC). Rustan's Department Store is the flagship brand of the Rustan Group of Companies and has five major branches, three boutiques and an online shopping store rustans.com. Rustan's Department Store is considered the Philippines most prestigious retailer, carrying many of the world's most famous upscale or luxury brands names, among them, Cartier, Mikimoto, Tiffany, Ermenegildo Zegna, Nina Ricci, Alfred Dunhill, Sonia Rykiel, and Estee Lauder. Rustan's was the first in the Philippine retailer to introduce a customer loyalty program, "Frequent Shoppers Plus" and a Wedding Registry.
Ralph Lauren Corporation, the legal name of the Ralph Lauren brand, is an American publicly traded fashion company that was founded in 1967 by American fashion designer Ralph Lauren. Headquartered in New York City, the company produces products ranging from the mid-range to the luxury segments. Ralph Lauren is known for marketing and distributing products in four categories: apparel, home, accessories, and fragrances. Known mostly for its flagship brand Polo Ralph Lauren, the company's brands include mid-range, sub-premium, and premium labels up to its highest priced luxury Ralph Lauren Purple Label apparel.
Jenny Ming is a retail fashion industry executive who served as the president and chief executive officer of Charlotte Russe Holding Inc. from 2009 to 2019. From 1999 to 2006, Ming was president of Old Navy, a $6.7 billion business segment of Gap Inc., where she oversaw all aspects of Old Navy and its 900 retail clothing stores in the United States and Canada.
Stefan Larsson is an American fashion industry executive. Since 2021 he has served as the chief executive officer of PVH Corporation. Before joining PVH he was the chief executive officer of the Ralph Lauren Corporation, global president of Old Navy, and part of H&M management for nearly 15 years.
Outdoor Voices is an American clothing company focused on the design and sale of athletic apparel. The company was founded in 2013 by Tyler Haney in New York City, and is now headquartered in Austin. The company's products are sold online. On February 25, 2020, Haney tendered her resignation, and Cliff Moskowitz, the president of a fashion-oriented private equity firm, took over as interim CEO.
Transform SR Brands LLC is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings Corporation. The new company is owned by ESL Investments. Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion.
Sonia Syngal is an American businesswoman who formerly served as the chief executive officer (CEO) of Gap, Inc., the largest specialty apparel company in the U.S.
↑ "Gap Inc.'s Global Footprint"(PDF). The Gap, Inc. Archived from the original(PDF) on September 8, 2015. Retrieved March 1, 2018. As of the end of Q4 2017, Gap Inc. had 3,594 company-operated or franchised stores in operation across 46 countries.[self-published source]
↑ Legal name as stated in the company's SEC filings (such as its 2010 10-K report). For non-regulatory purposes the company usually refers to itself as "Gap Inc."
↑ mall28.az. "Kişi geyimləri". Mall28.az. Archived from the original on July 10, 2014. Retrieved August 10, 2014.{{cite web}}: CS1 maint: numeric names: authors list (link)
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
US$15.616 billion(2022) [1] 
