New York - In their heyday, middle market mall brands reigned as royalty in American fashion and retail. The Gaps, Banana Republics, and J. Crews of the world were go-to apparel stores for those looking for everything from something casual to hang out with their friends to more formalwear in the case of Banana Republic and J. Crew. In the rising...
5 Aug 2022
The collaboration between Kanye West and Balenciaga arrives in stores at the Gap as the American brand changes direction. Will the Kanye West effect save Gap? In any case, the American brand has found a jump start. In one year, thanks to a partnership with the superstar, Gap regains some of its luster lost since the late 90s, revolutionizing its...
America may be on the cusp of an inventory problem. Research from the Wall Street Journal says the compounding excess of apparel and other stock is filling up US warehouses faster than goods are being sold. As supply chains continue to hinder deliveries, companies are stockpiling to avoid the perils of shipping bottlenecks, which has seen...
4 Aug 2022
As part of the Yeezy Gap and Balenciaga collaboration, the duo will be launching a new digital game concept that will bring to life the virtually rendered avatars seen in the brands’ collection debut. Available to play through the Yeezy Gap website, the game sees users become an avatar and enter the Yeezy Gap Engineered by Balenciaga world. On...
22 Jul 2022
Gap Inc. has announced the departure of president and chief executive officer Sonia Syngal. The company said in a release that effective immediately, Bob Martin, the company's current executive chairman of the board, will serve as Gap Inc. president and chief executive officer on an interim basis. Mayo Shattuck will continue to serve as lead...
12 Jul 2022
Indian retail group Reliance Retail Limited has announced a new long-term partnership with Gap Inc. which will see the American brand enter India through a franchise agreement. As part of the deal, Reliance Retail has become the official retailer for Gap across all channels in the region. The company will bring the brand’s latest fashion...
7 Jul 2022
Kanye West has called out adidas for ‘blatant copying’ of his brand’s Yeezy Slider. The shoes in question is the adidas Adilette ’22 slider, which has a more organic shape, also a signature form in Yeezy shoe designs. West, in a now deleted Instagram post, said “this shoe is a fake Yeezy made by adidas themselves,” urging CEO Kaspar Rørsted to...
15 Jun 2022
Gap Inc is launching a new credit card partnership with Mastercard. It's a chic navy card, minimalist with degradé colour and a simple Gap logo. But the question is: who wants to take out a store credit card in 2022? The news comes as Gap only last year announced Barclays as its official card issuer. The fashion conglomerate, which also operates...
10 Jun 2022
Gap has revealed that it has partnered with the denim resale platform, Denim Library, on a collection of pre-loved denim. Launching in time for the Jubilee Bank Holiday weekend, the line will include archive Gap denim and iconic pieces from the brand, including one-of-a-kind items and rare collectibles. The collection, consisting of 100 vintage...
31 May 2022
Gap has announced that the launch of its Yeezy Gap Engineered by Balenciaga collection has been postponed in regards to the unfortunate tragedy that unfolded in Uvalde, Texas. In a statement, the fashion group said: “In light of the tragedy in Uvalde, Texas, we are postponing the Yeezy Engineered by Balenciaga launch until Friday, May 27. “As we...
27 May 2022
Gap has reported a 13 percent year-over-year drop in sales to 3.5 billion dollars in the first quarter of the year, with comparable sales down 14 percent. Online sales at the US fashion giant declined 17 percent, while its store sales were down 10 percent. The company swung to a net loss of 162 million dollars from a net profit of 166 million...
Gap Inc. has announced that Old Navy president and CEO Nancy Green is exiting the business this week. Commenting on the development, Gap Inc. CEO Sonia Syngal said in a release: “As we look to seize Old Navy’s potential, particularly amidst the macro-economic dynamics facing our industry, we believe now is the right time to bring in a new leader...
22 Apr 2022
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