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Gap Inc. announces plan to separate into two independent publicly traded companies

Gap Inc. has announced plans to create two independent publicly traded companies: Old Navy, a category-leader in family apparel, and a yet-to-be-named company, which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City.Gap Inc....

Gap Inc. appoints new global head of Gap brand

Gap Inc. has announced the appointment of Neil Fiske as President and Chief Executive Officer of Gap brand. Fiske will begin his new role on June 20, 2018, and will serve on the company’s senior leadership team, reporting to...

President and Chief Executive Gap’s flagship brand Jeff Kirwan steps down

Gap said on Tuesday that Jeff Kirwan, President and Chief Executive of its eponymous brand will leave the apparel retailer.Kirwan joined Gap Inc. in May 2004 from Target and has also contributed to Gap and Old Navy's growth in...

Gap Inc posts 47 pc drop in Q1, to shut down 75 stores

On Thursday, Gap Inc. announced that it was shutting down 75 Old Navy and Banana Republic stores, and redirect focus on more successful and profitable stores. The company said in a statement that of the 75 stores, 53 were...

Gap sales slide in April, retailer gives grim outlook

US-based clothing supergiant Gap Inc says that sales in April at established stores fell 7 per cent, with total sales declining as well. The San Francisco-based retailer said on Monday that it is looking for ways to be more efficient...
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Starbucks ‘fully committed’ to Indian market, says India JV Tata Starbucks

Tata Starbucks is a 50:50 joint venture between Tata Group FMCG arm Tata Consumer Products Ltd (TCPL) and US-based...
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