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Gap to shutter 65 stores owing to sluggish demand

Gap Inc, which is struggling to keep its head above troubled waters, has decided to shut 65 stores, as opposed to the previous number of 50 stores. The company's shares fell 4.9 percent to $29.21 on Thursday. The ailing apparel retailer...

Steepest decline for UK fashion market since 2009: Kantar Report

The British fashion market has witnessed its steepest decline since 2009, according to the latest figures from Kantar Worldpanel. Data to the 52 weeks ending 25 September 2016 revealed that the market has now seen four months of consecutive...

Gap to shut all Banana Republic stores in Britain

Gap is to close all its Banana Republic stores in the UK as the ailing fashion retailer focuses on North America to revive its sales. The company said it expected to close the majority of the eight UK stores by...

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...

Banana Republic to open first store in India

Banana Republic, the American clothing and accessories retailer owned by Gap Inc., will soon open its store in India. It will be their first store in the country and the brand has entered into a tie up with Arvind Retail...

Gap Ahead of its Competitors

The teen fashion market is at the best, a fickle one, this choosy demographic easily changing its preferences in an unpredictable way. This means that companies operating in the space must be very much in touch with their customers...

Gap to open its first stores in Africa

Clothing retailer Gap Inc will enter Africa this year, as part of an ongoing international push, with plans to open stores in Egypt and Morocco. The company plans to open its first Gap store in Egypt next month and...

Gap Inc announces management changes

Gap Inc, one of the leading global specialty retailer offering clothing, accessories, and personal care products under the Gap, Banana Republic, Old Navy, Piperlime, and Athleta brands, has announced a series of significant management and organisational changes to drive...

Gap flagship store opens in Milan

Gap Inc has launched its first Gap flagship store in Italy – one of the top five apparel markets in the world. Located on Corso Vittorio Emanuele in Milan's premier shopping district, spanning three floors and 25,500 sq.ft, the...
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abCoffee: The grab-and-go Coffee revolution brewing across India

Today, the coffee chain has scaled to more than 70 outlets covering Mumbai, Delhi, Gurugram, Noida, Hyderabad, and BengaluruLaunched...
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