Gap Inc. news and archive

Gap Inc. partners with Ambercycle to scale textile-to-textile recycled materials in Athleta products

Gap Inc., the parent company of Gap, Old Navy, and Athleta, has partnered with Ambercycle to leverage textile-to-textile recycled materials in Athleta products. Established in 2015, the Los Angeles-based Ambercycle developed cycora®, a superior regenerated polyester made from discarded textiles, designed to substitute traditional polyester. From...

Business

Gap Inc. appoints Eric Chan as Chief Business and Strategy Officer & Amy Thompson as Chief People Officer

Gap Inc. announced the appointment of a new chief business and strategy officer and a chief people officer Friday morning as the fashion and lifestyle retailer continues to redefine its business strategy for the future. Eric Chan, Gap's new chief business and strategy officer, stepped into his new role this week onwards, while Amy Thompson will...

Business

Gap Inc. signs licensing deal with Unlimited Footwear Group

Unlimited Footwear Group (UFG) has announced the signing of a new strategic licensing partnership with Gap Inc. that will see it design, produce and distribute Gap branded footwear. The agreement spans the entire European Union, the UK, Switzerland and Scandinavia, in a deal brokered by IMG. Upcoming footwear collections will each aim to mirror...

Business

Gap assembles advisory board to drive systemic change

Multi-brand group Gap Inc. has brought together The Power of the Collective Council to build upon its efforts of pushing for systemic change and advocating for historically marginalised communities. As part of its 2025 commitment, Create For All, With All, the new council has been tasked with addressing three strategic pillars - Community,...

Business

Gap Inc. shares slide

Gap Inc. shares took a deep plunge on Friday, dropping 0.58 percent to 17 dollars and 1 cent. Friday was a mixed day for trading, with the S&P 500 Index rising 0.52 percent and the Dow Jones Industrial Average declining 0.06 percent. Gap had three consecutive days of losses, closing 20 dollars and 62 cents below its 52-week high of 37 dollars...

BusinessFeatured

Gap Inc. releases 2020 Global Sustainability Report

In a summary of its actions and progress towards its sustainability commitments, Gap Inc. has released its 2020 Global Sustainability Report detailing the international efforts of the company and each of its brands, including Old Navy, Gap, Banana Republic and Athleta. The report includes a company analysis on its development of an inclusive...

Retail

Athleta announces expansion into Canada

Gap Inc. brand Athleta is expanding outside of the US for the first time as the performance lifestyle brand plants roots in Canada. Athleta will launch a Canadian e-commerce platform this summer, followed by opening retail stores in Ontario, Vancouver, and British Columbia. According to the brand, it plans on opening between 20 to 30 stores a...

Business

Gap Inc. announces plans to drive women’s empowerment in its supply chain

Gap Inc. has launched a new initiative called Empower@Work to help female garment workers feel more represented in its global supply chains. To drive collective action, Gap Inc. has partnered with Business for Social Responsibility, ILO-IFC Better Work, and CARE to launch a platform that will focus on building and deploying sustainable,...

Fashion

Athleta launches its first sleepwear collection

Athleta is delving into sleepwear. The popular, Gap Inc.-owned women's athleisure brand has launched the first collection within its new sleepwear category. The 14-piece collection includes t-shirts, camisoles, shorts, joggers, night gowns and a sleep romper. All pieces are made from ultra-soft, lightweight fabrics that are sustainable and...

Fashion

Gap Inc. signs onto 2025 Sustainable Cotton Challenge

Gap Inc. has taken another step in ensuring its cotton comes from sustainable sources. The retail company has joined the 2025 Sustainable Cotton Challenge, an initiative put forth by the U.S. Cotton Trust Protocol and Textile Exchange. The Sustainable Cotton Challenge is an initiative formed by Prince Charles in 2017, aiming to achieve more than...

Business

Gap posts flat sales growth in Q3

Gap Inc. said that its third quarter results reflected flat sales versus last year, supported by 5 percent growth in comparable sales, which was driven by a 61 percent increase in online sales. The company said in a statement that net sales were impacted by the company’s ongoing strategy to close unprofitable stores. Gross margin increased 160...

People

Gap Inc. names new chief growth officer & Banana Republic CEO

Gap Inc. is making changes to its leadership teams. The company has just announced two new appointments: Asheesh Saksena to the role of chief growth officer for the Gap Inc. senior leadership team and Sandra Stangl as president and chief executive officer of Banana Republic. Saksena will join Gap Inc. in January 2021. His role has been newly...