Apparel retailer Gap Inc., parent to Old Navy, Gap, Banana Republic, and Athleta, announced net sales of 3.5 billion dollars, a 2 percent increase for its first quarter ended May 3, 2025. Comparable sales also rose by 2 percent year-over-year. Online sales increased 6 percent and represented 39 percent of total net sales, while store sales...
9 hours ago
American fashion and lifestyle brand Gap, known globally for its heritage casual wear, is launching a new premium and elevated offering GapStudio, which will offer the brand’s “highest expression of style, craftsmanship and quality”. Since fashion designer Zac Posen, known for his red carpet and couture approach to fashion, was appointed...
2 Apr 2025
Old Navy, a brand under Gap Inc., is enhancing its retail operations through a new partnership with American technology company Radar. This collaboration aims to implement AI-powered RFID technology across all U.S. Old Navy stores to optimize inventory management, according to a Gap Inc. press release. Old Navy CEO Haio Barbeito stated that this...
26 Mar 2025
San Francisco based apparel retailer Gap maintained growth momentum in the fourth quarter of 2024 with comparable sales increase of 3 percent. Net income increased to 206 million dollars and diluted earnings per share to 54 cents versus 185 million dollars and 50 cents reported in the previous year. However, net sales of 4.1 billion dollars were...
7 Mar 2025
American retailer Gap has teamed up with New York-based Harlem’s Fashion Row (HFR), which provides business solutions to retailers committed to equity for Black and Latin-X design talent, to launch a limited-edition collaboration featuring the work of six Black designers. The Gap × Harlem’s Fashion Row collection launches on February 14 during...
13 Feb 2025
US retailer Gap has announced a new programme alongside its global vintage curator, Sean Wotherspoon, intended to place the company’s product archive “directly in the hands of customers around the world”. Beginning February 4, 2025, in the US, GapVintage will see the release of a series of yearlong vintage drops curated by Wotherspoon, while...
28 Jan 2025
Traditional American retail brands are experiencing an unexpected renaissance in 2024, even as economic headwinds continue to reshape consumer behaviour. Market data from Placer.ai reveals a nuanced picture where heritage names are finding new relevance, particularly among millennial shoppers who once drove their initial success. Anthropologie...
27 Dec 2024
Gap’s third quarter net sales of 3.8 billion dollars were up 2 percent compared to last year and comparable sales were up 1 percent year-over-year. As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. "I'm proud that...
22 Nov 2024
American retailer Gap has launched a limited-edition capsule collection with the beloved children’s character Paddington Bear, ahead of StudioCanal’s ‘Paddington in Peru’ film on November 8. The 19-piece collection, shoppable at Gap.co.uk, features playful, everyday essentials for toddlers and babies, combining Gap’s super-soft, elevated designs...
1 Nov 2024
Dynasty and Soull Ogun, the twin sisters behind lifestyle brand L’Enchanteur, best known for its jewellery, have won the 2024 CFDA/Vogue Fashion Fund award. As winners, L’Enchanteur will receive 300,000 US dollars to boost its business, alongside mentorship from a top industry professional. The fashion prize also names Jackson Wiederhoeft of...
21 Oct 2024
American retailer Gap is collaborating with Los Angeles-based Cult Gaia on a holiday collection for women and kids launching on October 10. The 35-piece collection draws inspiration from Cult Gaia's modern, sculptural influence, combined with Gap's “most loved” essentials to create a range of statement pieces designed to celebrate “the beauty...
8 Oct 2024
Gap net sales for the second quarter of 3.7 billion dollars were up 5 percent with comparable sales up 3 percent year-over-year. Increasing its gross margin and operating income outlook for the year ahead, the company said it expects FY24 operating income in the 50’s growth range and gross margin expansion of 200 bps. "In comparison to where we...
30 Aug 2024