GAP news and archive

Gap to close flagship store on Fifth Avenue as part of high-performance plan

Gap will start 2019 strong: the U.S. fashion label will be shutting down a large number of poor performing stores nationwide. Its flagship in Manhattan’s Fifth Avenue will be one of the first to close its doors. Gap (GPS) is set to shut its massive NYC store on Fifth Avenue, CNBC reports, as the apparel retailer recently said it is considering...

Fashion Featured

Gap launches designer collection with GQ

Gap has launched its latest limited-edition collection with GQ, featuring Balmain, Dsquared2, MSGM, No Vacancy Inn, Officine Générale, Opening Ceremony, Stampd and Surf is Dead, as part of its “coolest designers on the planet” initiative. The Gap and GQ collaboration started as an initiative recognising American menswear designers and it has...

Fashion

Gap urgently closes hundreds of stores after Q3 earnings

Despite an increase in profits reported in its Q3 earnings, Gap is closing stores. The American brand’s revenue increased by 7 percent, with a net profit increase to 266 million dollars. However, in comparison to the Gap Inc. parent company’s other labels such as Old Navy and Banana Republic, the namesake brand is the weakest. Overall sales in...

Report

Gap posts increase in Q3 sales and earnings

American clothing retailer Gap said on Tuesday its Q3 revenue for 2018 rose by 7 percent, while diluted earnings per share were 0.69 cents compared with third quarter fiscal year 2017 diluted earnings per share of 0.58 cents. The company has updated its diluted earnings per share guidance for fiscal year 2018 to be in the range of 2.55 US...

Report

Gap declares fourth quarter dividend

Board of directors of Gap Inc. has authorized a fourth quarter fiscal year 2018 dividend of 0.2425 cents per share, payable on or after January 30, 2019 to shareholders of record at the close of business on January 9, 2019. Gap offers clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana...

ManagementFeatured

Gap elects three new members to its board of directors

Gap Inc has announced the election of three new members to serve on the company’s board of directors. The company said in a statement that the new board directors include Amy Bohutinsky, COO of Zillow Group Inc., John Fisher, Co-Founder and General Partner of Sansome Partners, and Lexi Reese, COO of Gusto, who will join on November 1, 2018. “We...

Fashion

Gap listens to consumers with new menswear line

Gap is launching a new line of menswear, positioned similarly to its womenswear Athleta brand. As consumers became increasingly interested in the transitional clothing options of the athleticwear sector, they are willing to pay more money for better quality and styles of items that can be worn from a workout to work or socializing. According to...

FashionPress Release

GAP FW18 COLLECTION NOW BROUGHT TO YOU ONLINE BY ZALORA

Singapore, 21 August, 2018; ZALORA, Asia’s Online Fashion Destination, brought GAP’s FW18 Collection online to Singapore and Malaysia on 20th August 2018, and to Indonesia on 21st August 2018. Gap is recognised worldwide for its must-have signature apparel pieces for both men and women. This Fall, Gap introduces Soft Wear, a curated collection...

Video

Video: Gap/Sarah Jessica Parker Fall 2018 Collection

Gap presents its new fall collection with Sarah Jessica Parker. Source: Gap, YouTube.

Report

Gap Q2 revenues rise 8 percent

American clothing retailer Gap said on Thursday its Q2 revenue for 2018 increased by 8 percent. Profit rose by 9.6 percent from the same period last year. Hover over the graph to learn more. The company’s sales in Q2 2018 were 4.1 billion US dollars, up from 3.8 billion US dollars a year earlier. Net profit rose to 297 million US dollars. The...

Fashion

Gap launches second kidswear collection with Sarah Jessica Parker

After the success of their first collaboration, Gap and actress Sarah Jessica Parker have partenered up once more for a second childrenswear collection, to be launched on August 27 on Gap.com and selected GapKids stores in the United States, Canada, UK, France, Italy, China, Hong Kong and Japan. “We were thrilled to collaborate with Sarah...

Report

Gap declares third quarter dividend

Gap Inc. has announced that its board of directors authorized a third quarter fiscal year 2018 dividend of 0.2425 dollar per share, payable on or after October 31, 2018 to shareholders of record at the close of business on October 10, 2018. The company offers clothing, accessories, and personal care products for men, women, and children under...