Gap news and archive

Fashion giants join forces to decarbonise supply chains

Leading fashion brands are collaborating on an innovative financing initiative to accelerate the decarbonisation of their global supply chains, which account for an estimated 99 percent of the industry's total greenhouse gas emissions. The Future Supplier Initiative, facilitated by The Fashion Pact in partnership with the Apparel Impact...

BusinessFeatured

Gap's turnaround plan boosts Q1 performance, raises outlook

First quarter net sales of 3.4 billion dollars at Gap were up 3 percent with comparable sales up 3 percent year-over-year. Store sales for the quarter increased 3 percent and online sales increased 5 percent. As a result of its strong first quarter results, the company is increasing its outlook for fiscal 2024, reflecting higher net sales and...

Fashion

Gap to sell viral shirtdress worn by Anne Hathaway on the red carpet

American retailer Gap has announced that a version of the custom viral white shirtdress worn by Anne Hathaway on the red carpet in Rome will be available for pre-order from May 28. The custom dress was designed by Gap’s creative director Zac Posen and worn by the actress at a Bulgari event in Italy on May 20. The deconstructed dress reimagines...

Fashion |In Pictures

Gap unveils collaboration with Dôen

American retailer Gap has unveiled a limited-edition collection with Californian clothing label Dôen celebrating sisterhood launching on May 17. Los Angeles-based Dôen, founded in 2016 by sisters Margaret and Katherine Kleveland, has gained recognition for being worn by the likes of Taylor Swift, Selena Gomez and Jennifer Lopez and is showcasing...

Fashion

Coach sues Gap for "Coach" t-shirts

American lifestyle brand Gap has stirred controversy with another player in the lifestyle market by offering t-shirts featuring the word "Coach." The move has provoked Tapestry-owned Coach, which has initiated legal action against Gap for allegedly selling these tees without authorization. In a trademark infringement lawsuit filed in the federal...

Fashion |In Pictures Featured

Gap unveils collaboration with Palace

American fashion and lifestyle retailer Gap has unveiled a new collaboration with London-based skate label Palace for adults and kids. The collection launching on March 22 is described by Gap as “an ode to the brands’ shared heritage - highlighting self-expression, individuality, and community through pieces inspired by ’90s style, skate...

Gap reports positive fourth quarter results

Gap’s fourth quarter net sales of 4.3 billion dollars were up 1 percent, with comparable sales flat year-over-year. Net sales for the full year of 14.9 billion dollars were down 5 percent, while comparable sales down 2 percent. For the fiscal year 2024, the company forecasts net sales to remain flat, gross margin expansion of 50 basis points,...

People

Gap Inc. appoints Zac Posen as EVP, creative director

Gap Inc. on Tuesday said it appointed American fashion designer Zac Posen to the position of executive vice president and creative director. Mr Posen will also take on the role of chief creative officer for Old Navy, which is situated in San Francisco. Renowned for his award-winning designs that embrace both technical prowess and body...

BusinessFeatured

Hollywood, Skims and accountability: Top 11 US stories for 2023

There is no denying that 2023 has been a turbulent year for the US fashion market, as declining consumer confidence continued to take hold of the region and impact wider sales. No matter, while some large-scale conglomerates attempted to build up their defences through turnaround strategies, there were some positives for the industry, namely in...

Fashion

Gap and Dapper Dan expand collaboration to kidswear

Gap has unveiled its latest collaboration with Dapper Dan, including a new collection of kids’ clothing, sweatpants and accessories. Following the success of Dapper Dan’s limited-edition hoodie, the new 18-piece DAP Gap collection for adults and kids has been expanded to include graphic logo hoodies that feature ‘Harlem’ with the DAP logo in...

BusinessFeatured

Gap forecasts flat holiday quarter ahead

Gap reported third quarter net sales of 3.8 billion dollars, down 7 percent compared to last year, inclusive of an estimated 2 percentage points negative impact from the sale of Gap China. Comparable sales for the quarter were down 2 percent. The company is estimating fourth quarter net sales to be flat to slightly negative compared to last year...

Business

Under Armour names Gap veteran as chief supply chain officer

Sportswear giant Under Armour has appointed Shawn Curran to the role of chief supply chain officer after what it said was a comprehensive search and interview process. In the position, which he will take on from October 16, Curran will oversee end-to-end planning and go-to-market, product sourcing, manufacturing and quality, global vendor base...