Gap is and American fashion retailer, founded in San Francisco in 1969 by Donald and Doris Fisher – the Fisher family remains heavily involved in the company, collectively owning the majority of its stock. Gap also operates brands such as Old Navy and Banana Republic, but only trades in the UK as Gap after all Banana Republic stores closed in 2017. While Gap’s international presence is comparable to H&M and Inditex, the retailer has experienced falling sales in a tough retail market, announcing plans to shut more of its physical stores worldwide. Gap has been criticised for its lack of a specific target market. UK customers have also decried Gap’s pricing, as UK products are sold at double those in the US, or a direct dollar to pound swap. The US retailer is considered ahead of the curve in terms of its digital capabilities, though initiatives have mainly focused on its domestic market.
Gap has scrapped its plan to separate fashion brand Old Navy from the rest of the group.
Head of shops for Crisis UK George Evans says retailers can learn from the often overlooked charity sector, on Retail Week’s Be Inspired Stories podcast.
Gap Inc chief executive Art Peck is to exit the fashion group amid tumbling sales and ahead of an expected spin-off of Old Navy.
Diversity and inclusion boosts creativity and innovation, and enhances economic growth, Gap senior director for talent management Kisha Modica tells Retail Week.
As Global Fashion Group plots its IPO, Retail Week takes a closer look at the ecommerce platform aiming to dominate emerging markets across the globe.
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