Gap Inc. to host fourth quarter 2017 results conference call and webcast on March 1, 2018

SAN FRANCISCO, 2018-Feb-20 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) will report its fourth quarter 2017 earnings results by press release on March 1, 2018 at 1:15 p.m. Pacific Time.

In addition, the company will host a summary of Gap Inc.’s fourth quarter results during a live conference call and webcast on March 1, 2018 from approximately 2:00 p.m. to 3:00 p.m. Pacific Time. The conference call can be accessed by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 7581315). International callers may dial 1-323-794-2078. The webcast can be accessed at www.gapinc.com.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

MEDIA CONTACT:
press@gap.com

SOURCE: Gap Inc.

Gap Inc. elects Chris O’Neill to its board of directors

EVERNOTE CEO BRINGS MORE THAN A DECADE OF LEADERSHIP EXPERIENCE FROM TOP TECH FIRMS

San Francisco, CA, 2017-Nov-17 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (November 14, 2017) announced that Chris O’Neill has been elected to serve on the Gap Inc. board of directors, effective February 4, 2018.

Mr. O’Neill, 44, is currently chief executive officer of Evernote Corporation. Since joining the company in 2015, Mr. O’Neill has overseen the increase of Evernote’s base to over 220 million users globally and established strong financial and operational foundations to sustain Evernote’s future growth. Tasked with leading Evernote through its next stage, Mr. O’Neill is focused on delivering product innovation and continuing Evernote’s global expansion.

Prior to joining Evernote, Mr. O’Neill spent 10 years in numerous leadership roles with Google, including Google [x], the company’s experimental research and development organization. Mr. O’Neill is also credited for his work as Managing Director of Google Canada where he doubled the Canadian business in just under three years.

“Chris is a proven leader in the technology industry and brings a wealth of knowledge, experience, and creativity to our board of directors,” said Bob Fisher, chairman of the board, Gap Inc. “His expertise will be a great asset to the company as we enter our next phase of growth.”

In addition to being a member of Gap Inc.’s board of directors, Mr. O’Neill previously served on the boards of Tim Hortons and Shop.org, the National Retail Federation’s digital division.

“Gap Inc. has had a profound impact on the retail industry,” said Mr. O’Neill. “I’m honored to join Gap Inc.’s board of directors and help the company as it evolves and focuses on its balanced growth strategy.”

Mr. O’Neill holds a Bachelor of Arts (Economics) from University of Western Ontario and a Master of Business Administration from Dartmouth College.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

MEDIA CONTACT:
press@gap.com

SOURCE: Gap Inc.

Gap Inc. and Gap Foundation respond to devastations caused by recent natural disasters with increased donation to $2 million

San Francisco, CA, 2017-Sep-29 — /EPR Retail News/ — In response to the devastation caused recently by Hurricanes Harvey, Irma, and Maria, and earthquakes in Mexico, Gap Inc. (NYSE: GPS) and Gap Foundation have increased their total donation to $2 million to address immediate needs and ongoing recovery efforts. The donation includes cash grants from Gap Foundation to on-the-ground relief organizations, donations from Gap Inc. brands towards critical clothing needs, and employee-matched donations.

So far, nearly 100,000 units of clothing have already been delivered to Texas and Florida, with additional clothing donations planned in the coming months. So far, a total of $180,000 has been donated by Gap Inc. employees, which includes company-matched funds.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

SOURCE: Gap Inc.

MEDIA CONTACT
press@gap.com

Gap Inc. to participate at the Goldman Sachs 24th Annual Global Retailing Conference on September 6, 2017

SAN FRANCISCO, 2017-Sep-06 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today announced that President and Chief Executive Officer Art Peck and Executive Vice President and Chief Financial Officer Teri List-Stoll will address investors at the Goldman Sachs 24th Annual Global Retailing Conference on September 6, 2017 in New York City.

A live webcast of the presentation will be accessible on Gap Inc.’s Financial News and Events page at www.gapinc.com/investors from approximately 11:20 a.m. to 12:00 p.m. Eastern Time on September 6, 2017. A replay of the event will be available on www.gapinc.com for 90 days.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

SOURCE: Gap Inc.

MEDIA CONTACT

press@gap.com

Gap Inc. to open its newest “digital Gap brand flagship store” on Yahoo! Taiwan

GAP CONTINUES TO PIONEER SEAMLESS OMNI-CHANNEL SHOPPING EXPERIENCES THROUGH ANYTIME, ANYWHERE ACCESSIBILITY FOR TAIWANESE SHOPPERS

Taipei, Taiwan, 2017-Aug-10 — /EPR Retail News/ — Building on its e-commerce success and responding to the growing demand of online shopping in Taiwan, today (August 8, 2017), Gap Inc. announced it will open its newest “digital Gap brand flagship store” on Yahoo! Taiwan. By offering a new online avenue, Gap is creating a true omnichannel retail experience whereby e-commerce and physical stores are all part of the shopping ecosystem for customers to experience our brand whenever, however, whatever, wherever they want.

“We are thrilled to launch this new partnership with Yahoo!, one of the largest online marketplaces in Taiwan. We believe the time is ripe for the launch of a joint digital storefront,” said May Ng, Vice President and GM, Greater China Ecommerce and Head of Hong Kong and Taiwan for Gap Inc. “As one of the first international fashion apparel brands on Yahoo!, Gap’s new digital storefront will offer the same range of range of iconic, yet modern clothing and accessories available in the brand’s physical stores. Our store on Yahoo! is an exciting addition to our presence in Taiwan and will enhance the shopping experience for our customers.”

Gap’s success lies in our culture of innovation and putting the customer at the center of everything we do. The launch of Gap Yahoo! flagship is part of our commitment to building a seamless inventory and making our products available to our customers. They can place their orders 24/7 using Gap’s Yahoo! flagship store, and have orders filled from the nearest store or fulfillment location. In line with online shopping trends in in the market, Gap also gives customers the option to pick-up orders in nearby convenience stores so they can get their products anytime they want. Since the product offerings on Yahoo are the same as stores, customers can also choose to visit a store to try-on their preferred styles and sizes before making a purchase.

“Gap Inc. is committed to creating a seamless brand experience across all channels, from store to online to mobile, that allows customers to shop for what they want, when they want, where they want, and how they want.” said May Ng. “The launch of Gap’s Yahoo! Taiwan store, is an exciting new chapter in Gap Inc.’s larger omni-channel retail strategy, designed to strengthen and integrate shopping experiences across physical stores and digital technology platforms.”

In celebration of the site launch, there will also be special events and promotions during the launch week from August 8-14. In addition to free delivery service, customers can enjoy up to 30% off new products, as well as a cash coupon of NTD100 for a purchase over NTD2000. Gap will also be offering door busters and exclusive styles in its newly opened Yahoo! flagship store.

Since entering Taiwan in 2014, Gap has enjoyed widespread popularity among customers, as seen in its steady business growth in the market. With the addition of Yahoo! Taiwan along with our directly operated site, the brand will have 11 physical stores in Taiwan and two e-commerce options, allowing customers in every city access to Gap’s optimistic, modern American style and great customer experience.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Gap flagship store on Yahoo Supermall: tw.mall.yahoo.com/store/Gap

About Oath

Oath, a subsidiary of Verizon, is a values-led company committed to building brands people love. We reach over one billion people around the world with a dynamic house of 50+ media and technology brands including Yahoo. As a global leader in digital and mobile, Oath is shaping the future of media.

In Taiwan, we keep offering services under the name Yahoo and today own a number of properties including Yahoo TV, News, Mail, Search, Auction, Store, Shopping, Finance, Movies, Sports and Entertainment. Yahoo also provides a comprehensive suite of e-commerce services. For more information, visit the company’s corporate blog (http://ycorpblog.Tumblr.com/).

Contact:
press@gap.com

Source: GAP Inc.

Gap Inc. to host Q2 2017 results conference call and webcast on August 17, 2017

SAN FRANCISCO, 2017-Aug-08 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) will report its second quarter 2017 earnings results by press release on August 17, 2017 at 1:15 p.m. Pacific Time.

In addition, the company will host a summary of Gap Inc.’s second quarter results during a live conference call and webcast on August 17, 2017 from approximately 2:00 p.m. to 3:00 p.m. Pacific Time. The conference call can be accessed by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 6432748). International callers may dial 1-323-794-2078. The webcast can be accessed at www.gapinc.com.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contact:
press@gap.com

Source: GAP Inc.

Gap Inc. expands This Way Ahead program to Miami and Vancouver; doubles participation in its 10-week paid internship program

San Francisco , 2017-Jul-03 — /EPR Retail News/ — This month, 1,200 teens and young adults between the ages of 16 and 24 started a 10-week paid internship with Gap Inc. (NYSE: GPS) at select Gap, Old Navy and Banana Republic stores in the U.S., Canada and the U.K. Gap Inc.’s This Way Ahead program was launched in 2007 to help young people gain the skills and experience needed to land their first job. This year, the company’s summer jobs training program expanded to Miami and Vancouver, and has doubled the number of interns participating from last year. About 300 Gap Inc. stores in 15 cities will host interns this summer.

In 2016, over 70 percent of This Way Ahead graduates received job offers from Gap Inc. after completing their internships. The company created This Way Ahead in response to the ongoing challenges facing unemployed youth. Research shows that getting a first job as a teenager has a profound impact on an individual’s long-term earning potential. For example, being unemployed young can reduce earnings by as much as 20 percent for up to two decades.

The program has also generated proven talent and business benefits for the company. This Way Ahead graduates stay with the company twice as long as their peers and have higher engagement scores than their co-workers. Additionally, the Gap, Banana Republic, and Old Navy employees who volunteer to coach interns develop leadership and mentoring skills. Last year, the company announced its commitment to hire five percent of all new entry-level store employees from graduates of This Way Ahead by 2025.

Prior to beginning their store internships this month, interns participated in job readiness and training sessions with nonprofit organizations. In each city, Gap Inc. partners with local nonprofits that have strong ties to their communities and a track record of running effective job training and life skills programs. Course curriculum includes fundamentals such as resume writing and time management, supplemented by workshops facilitated by Gap Inc. employee volunteers.

About This Way Ahead

Launched in 2007, Gap Inc.’s This Way Ahead program currently operates in 15 cities, including Atlanta, GA; Austin, TX; Boston, MA; Chicago, IL; Houston, TX; Los Angeles, CA; Miami, FL; New York, NY; Philadelphia, PA; San Francisco, CA; Toronto, Canada; Vancouver, Canada; Birmingham, England; London, England; and Manchester, England. By 2020, the company expects 10,000 teens and young adults will have participated in This Way Ahead, receiving job coaching and critical first job experience. To learn more about This Way Ahead, visit http://www.gapincsustainability.com/way-ahead.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contact:
press@gap.com

Source: GAP Inc.

Gap Inc. and the UN Foundation to raise awareness and funds to promote equal rights and fair treatment for LGBTI people globally

PROCEEDS FROM GAP INC. EGIFT CARDS AND GAP PRIDE T-SHIRTS TO HELP PROMOTE EQUAL RIGHTS FOR LGBTI PEOPLE EVERYWHERE

San Francisco and Washington, DC, 2017-Jun-06 — /EPR Retail News/ — Gap Inc. and the United Nations Foundation today (June 5, 2017) announced a new partnership to raise awareness and funds for UN Free & Equal, a program of the Office of the United Nations High Commissioner for Human Rights (OHCHR) to promote equal rights and fair treatment for lesbian, gay, bisexual, transgender, and intersex (LGBTI) people globally. Building on a joint effort last year to raise awareness of the Free & Equal campaign, the 2017 partnership marks Pride Month and includes two main components:

  • As part of Gap Inc.’s #WearYourPride campaign, 30 percent of net sales from Gap brand’s Pride t-shirts will be donated to the UN Foundation to benefit Free & Equal. T-shirts will be available online as well as select stores in the U.S., Canada, France, Hong Kong, Italy, Taiwan and the U.K. Pride t-shirts will be available through October while supplies last.
  • Additionally, Gap Inc. brands will offer special, Pride-themed eGift Cards this year. For every Pride eGift Card sold during the month of June, $2 will be donated to the UN Foundation in support of Free & Equal up to $25,000. Pride eGift Cards will be available from Athleta, Banana Republic, Banana Republic Factory, Gap, Gap Factory and Old Navy.

“We’re proud to partner with the UN Foundation in support of UN Free & Equal,” said Roy L. Hunt, SVP of Gap Inc.’s global franchise operation and executive sponsor of the company’s partnership with UN Foundation. “For more than 47 years, Gap Inc. has stood for equality for all, and we’re pleased to give our customers a way to express their support and celebrate Pride. We are committed to doing our part to bring people together and work towards a brighter future where everyone has the opportunity to thrive as equals.”

UN Foundation COO Richard S. Parnell added, “The UN Foundation is fully committed to the values embodied in Article 1 of the Universal Declaration of Human Rights – that ‘all human beings are born free and equal in dignity and rights.’ Working with Gap Inc. means that message will reach thousands of the company’s customers, giving them a way to celebrate their own commitment to human rights while also supporting those working for LGBTI equality around the world through the Free & Equal campaign.”

UN Free and Equal Campaign Director Charles Radcliffe at the UN Human Rights Office welcomed Gap’s support for the campaign and called on the corporate sector more broadly to play a bigger role in tackling human rights abuses, including discrimination against LGBTI people.

“The UN Free & Equal campaign is working globally to open people’s hearts and minds and promote greater respect for the rights of LGBTI people,” said Radcliffe. “With Gap Inc.’s help and the support of its customers, the campaign will this year reach more people in more countries than ever before.”

He continued, “As Pride month begins, we are calling on companies around the world to join us in standing up for equal rights and fair treatment for LGBTI people everywhere. Business has a stake in diversity and inclusion, and a vital role to play in tackling discrimination — both in the workplace and in communities worldwide.”

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, over 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

About the United Nations Foundation

The United Nations Foundation builds public-private partnerships to address the world’s most pressing problems, and broadens support for the United Nations through advocacy and public outreach. Through innovative campaigns and initiatives, the Foundation connects people, ideas, and resources to help the UN solve global problems. The Foundation was created in 1998 as a U.S. public charity by entrepreneur and philanthropist Ted Turner and now is supported by philanthropic, corporate, government, and individual donors. Learn more at: www.unfoundation.org.

About UN Free and Equal

UN Free and Equal is an unprecedented global public information campaign aimed at promoting equal rights and fair treatment of LGBTI people. It was launched by the Office of the United Nations High Commissioner for Human Rights in July 2013 and has since reached over a billion people globally through traditional and social media as well as generated a stream of widely shared materials – including powerful videos, impactful graphics and plain-language fact sheets. For more information please visit www.unfe.org.

Contact:
press@gap.com

Source: GAP Inc.

Gap Inc. declares second quarter fiscal year 2017 dividend of $0.23 per share

SAN FRANCISCO, 2017-May-19 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (05/18/2017) announced that its board of directors authorized a second quarter fiscal year 2017 dividend of $0.23 per share, payable on or after July 26, 2017 to shareholders of record at the close of business on July 5, 2017.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contact:
650-952-4400

Source: Gap Inc.

Gap Inc. to host 1Q 2017 earnings results conference call on May 18, 2017

SAN FRANCISCO, 2017-May-09 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) will report its first quarter 2017 earnings results by press release on May 18, 2017 at 1:15 p.m. Pacific Time.

In addition, the company will host a summary of Gap Inc.’s first quarter results during a live conference call and webcast on May 18, 2017 from approximately 2:00 p.m. to 3:00 p.m. Pacific Time. The conference call can be accessed by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 4151797). International callers may dial 913-643-0954. The webcast can be accessed at www.gapinc.com.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

SOURCE: Gap Inc.

Investor information: investor_relations@gap.com

Gap Inc. announces the appointment of Mark Breitbard as president and CEO of Banana Republic

SAN FRANCISCO, 2017-Mar-17 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (March 14, 2017) announced the appointment of Mark Breitbard as president and chief executive officer of Banana Republic. Breitbard will report to Art Peck, president and chief executive officer of Gap Inc., and will serve on the company’s senior leadership team. Peck will continue to directly oversee Banana Republic until Breitbard joins the company in early May.

“Mark brings significant retail leadership experience to Gap Inc., along with deep knowledge of the company and our customer,” said Peck. “We know what Banana Republic is capable of, and Mark’s ability to drive transformation and innovation will help revitalize the brand and position it to achieve its long-term potential.”

“I believe there’s tremendous opportunity for Banana Republic to differentiate itself with optimized product and customer experiences,” said Breitbard.  “I’m looking forward to working with the Banana Republic team to build the brand for the future.”

Most recently, Breitbard served as chief executive officer at The Gymboree Corporation from 2013 until early 2017. From 2010 to 2013, Breitbard held leadership positions across Gap North America, where he was instrumental in delivering the product-led resurgence of Gap’s North America business. He also served as chief merchandising and creative officer of Old Navy from 2009 to early 2010. Previously, Breitbard served in leadership roles at Levi Strauss & Co. and Abercrombie & Fitch.

Breitbard graduated from Vassar College and earned a Master of Business Administration from the Haas School of Business at the University of California, Berkeley.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contact: 

650-952-4400

Source: Gap Inc.

Gap Inc. declares first quarter fiscal year 2017 dividend of $0.23 per share

SAN FRANCISCO, 2017-Feb-25 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (February 23, 2017) announced that its board of directors authorized a first quarter fiscal year 2017 dividend of $0.23 per share, payable on or after April 26, 2017 to shareholders of record at the close of business on April 5, 2017.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contact: 650-952-4400

Source: Gap Inc.

Gap Inc. announces departure of Banana Republic global brand president Andi Owen

SAN FRANCISCO, 2017-Jan-25 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (January 24, 2017) announced that Andi Owen, global brand president of Banana Republic, will leave the company in late February. While a search is underway for Banana Republic’s next president, Gap Inc. Chief Executive Officer Art Peck will directly oversee the brand.

“Andi has been an accomplished leader at Gap Inc. playing a number of key roles across Banana Republic, Old Navy and Gap,” said Peck. “I am grateful for her partnership and for Andi’s many contributions to the company during her 25-year tenure.”

“During her time with Banana Republic, Andi led critical work improving the brand’s aesthetic and product quality and moved the brand to a full omni-channel assortment. While these improvements have been important steps forward, we have significant work to do in order to consistently win with customers. Andi and I agreed that now was an appropriate time for a change in leadership,” Peck continued.

Since joining Gap Inc. in 1991, Owen has held a wide variety of leadership roles at the company, including executive vice president and general manager for Gap Global Outlet and senior vice president and general manager for Banana Republic Factory Stores.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Investor information:

investor_relations@gap.com
650-952-4400

Source: Gap Inc.

Social shopping platform for wedding parties Weddington Way joins Gap Inc.

SAN FRANCISCO, 2016-Dec-07 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (12/05/2016) announced that Weddington Way, a social shopping platform for wedding parties, will join the company.

Weddington Way built a digital first, data driven shopping destination distinguished by a virtual showroom that fosters communication and coordination across geographically dispersed bridal parties. The online boutique features exclusive bridesmaid dresses and a curated selection of wedding party gifts, which ship to customers globally.

Weddington Way remains based in San Francisco and will continue to operate under the leadership of founder Ilana Stern, who will report to Sebastian DiGrande, executive vice president, strategy and chief customer officer for Gap Inc. Terms of the transaction are not being disclosed, and the deal does not have a material impact for the company.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

About Weddington Way

Based in San Francisco, CA, Weddington Way offers millennials a new way to shop for weddings, featuring an exclusive collection of fresh + modern bridesmaid dresses. Weddington Way designs and manufactures their own dresses – meaning no middle-men, no markups, and styles crafted with detail and intention that you can’t find anywhere else.  Weddington Way pioneered a community-centric shopping experience that lets friends shop together online in a virtual showroom.  With its technology-first approach, Weddington Way is a breath of fresh air in the wedding planning process.  For more information, please visit http://www.weddingtonway.com.

Investor information:

investor_relations@gap.com
650-952-4400

Source: Gap Inc.

Gap Inc. announces the appointment of Teri List-Stoll as EVP and CFO effective January 17, 2017

SAN FRANCISCO, 2016-Nov-17 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (November 15, 2016) announced the appointment of Teri List-Stoll as executive vice president and chief financial officer, effective January 17, 2017. List-Stoll will report to Gap Inc. chief executive officer Art Peck and will serve on the company’s senior leadership team.

“Teri is a seasoned finance leader with more than three decades experience, including top leadership positions at global consumer goods companies,” said Art Peck, chief executive officer, Gap Inc. “As we remain focused on accelerating our transformation, Teri’s expertise will help us drive our long-term financial objectives and continue our commitment to long-term shareholder value.”

List-Stoll will succeed Sabrina Simmons, whose departure was previously announced on November 2, 2016, and will have oversight of the company’s global finance function, as well as loss prevention and corporate administration divisions. Once List-Stoll joins Gap Inc. in mid-January, Simmons will shift into an advisory role through the end of the company’s fiscal year.

“I have tremendous respect for the brands in Gap Inc.’s global portfolio, and I am excited to join the company during a time of transformative change,” said List-Stoll. “I look forward to continuing Gap Inc.’s commitment to a strong balance sheet and operating discipline and supporting the company’s long-term growth strategy.”

Most recently, List-Stoll held the position of executive vice president and chief financial officer for Dick’s Sporting Goods, Inc.  Previously, she served in senior finance roles, including chief financial officer for Kraft Foods Group, Inc.  List-Stoll spent almost two decades growing her career at The Procter & Gamble Company, where she ultimately served as senior vice president and treasurer. She began her career at Deloitte & Touche LLP.

List-Stoll serves on the board of directors and audit committees for Microsoft and Danaher. She received her B.A. in Business Administration from Northern Michigan University and is a Certified Public Accountant.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Investor information:

investor_relations@gap.com
650-952-4400

Source: Gap Inc.

Gap Inc. declares quarterly dividend of $0.23 per share

SAN FRANCISCO, 2016-Nov-12 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (11/10/2016) announced that its board of directors authorized a quarterly dividend of $0.23 per share payable on or after January 25, 2017 to shareholders of record at the close of business on January 4, 2017.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Investor information:

investor_relations@gap.com
650-952-4400

Source: Gap Inc.

Gap Inc. EVP and CFO Sabrina Simmons to leave the company

SAN FRANCISCO, 2016-Nov-05 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (November 2, 2016) announced that executive vice president and chief financial officer Sabrina Simmons will be leaving the company. Simmons will remain with Gap Inc. through the end of the 2016 fiscal year, ensuring a seamless transition over the coming months.

“Throughout her 15-year tenure, Sabrina has been one of our most passionate and respected leaders. She was critical in establishing Gap Inc.’s capital structure framework and maintaining operating discipline across the enterprise, both of which have delivered significant value to our shareholders,” said Art Peck, chief executive officer of Gap Inc.

“Since I assumed the CEO role two years ago, Sabrina has been an instrumental partner in helping the company transition to a new leadership team. With that period of transition behind us, Sabrina and I agreed that this was an appropriate time for a change in the organization and for her to pursue the next chapter in her career. Sabrina and I will work together to ensure an orderly transition in the coming months. Most of all, I am grateful for her partnership and for all that Sabrina has contributed to Gap Inc.,” Peck added.

Simmons said, “I feel very fortunate to have spent a meaningful part of my career at Gap Inc., and I’ll always be grateful to the Fisher family, to my colleagues, and to my team for the opportunities I’ve had with the company.”

Since joining Gap Inc. in 2001, Simmons has progressed through positions of increasing responsibility from vice president and treasurer to executive vice president. Simmons has served as the company’s CFO since late 2007. Most recently, her responsibilities have included all global financial functions, including corporate and brand financial planning and analysis, treasury, risk management, tax, investor relations, controllership, corporate shared service centers, and internal audit, in addition to real estate, loss prevention, and corporate facilities.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Investor information:

investor_relations@gap.com
650-952-4400

Source: Gap Inc.

Gap Inc. to hire 5 percent of all entry-level store employees from graduates of its This Way Ahead internship program by 2025

SAN FRANCISCO, 2016-Sep-12 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (September 10, 2016 ) announced its goal of hiring 5 percent of all entry-level store employees from graduates of the company’s This Way Ahead paid store internship program by 2025. First launched in 2007, the program empowers teens and young adults from low-income communities by teaching them valuable job readiness and life skills while also generating proven talent and business benefits for participating Gap, Banana Republic, and Old Navy stores. By 2020, the company expects 10,000 teens and young adults will have participated in This Way Ahead, receiving job coaching and critical first job experience.

“This Way Ahead is a game-changer for the teens and young adults who participate,” says Bobbi Silten, EVP, Global Talent and Sustainability at Gap Inc. Silten added, “Not only do interns have a meaningful first job experience they can include on their resumes, they develop valuable life-skills and build a foundation for future success in the workplace.” The program is a business priority for the company with proven results. This Way Ahead graduates stay with the company twice as long as their peers and have higher engagement scores.

Gap Inc. created This Way Ahead in response to the ongoing challenge of youth unemployment. Research shows that getting a first job as a teenager has a profound impact on an individual’s long-term earning potential. For example, being unemployed young can reduce earnings by as much as 20 percent for up to two decades. Gap Inc. partners with select nonprofits that have strong ties to local communities and a track record of running effective job training and life skills programs on This Way Ahead. Course curriculum includes fundamentals such as resume writing and budgeting, supplemented by workshops facilitated by Gap Inc. employee volunteers. Following their training, teens and young adults 16 – 24 interview for a ten-week paid internship at Old Navy, Gap, or Banana Republic stores. During their internship, participants continue to receive personalized coaching from the nonprofit partner and store managers, while getting hands-on experience working in a store. To date, 75 percent of This Way Ahead alumni have received job offers from Gap Inc.

“Many nonprofits run job training programs, but when the programs end and we want to place them in jobs, it is challenging to find jobs for all the youth who need them,” says Tony DiStefano, Executive Director of Enterprise for Youth, a This Way Ahead nonprofit partner in San Francisco. “Through This Way Ahead, our youth get a first job experience, they’re coached to improve their skills, and they collect a paycheck. They’re getting the skills, confidence, and real-life experience needed for long-term workplace success.”

As a global company with over 3,000 stores as well as corporate offices, brand headquarters, distribution and call centers located around the world, Gap Inc. can offer entry-level employees a rewarding and diverse career path. Underscoring a demonstrated practice of promoting talent from within, the majority of the company’s store managers began their careers as entry-level associates.

Currently, This Way Ahead operates in 12 cities, including Atlanta, GA; Austin, TX; Boston, MA; Chicago, IL; Houston, TX; Los Angeles, CA; New York, NY; Philadelphia, PA; San Francisco, CA; Toronto, Canada; London, England; and Manchester, England.

To learn more about This Way Ahead, visit http://www.gapincsustainability.com/way-ahead.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contact:
Email: investor_relations@gap.com

Source: Gap, Inc

Gap Inc. reports net sales for the four-week period ended August 27, 2016

SAN FRANCISCO, 2016-Sep-05 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (September 1, 2016) reported that net sales for the four-week period ended August 27, 2016 decreased 2 percent to $1.17 billion compared with net sales of $1.20 billion for the four-week period ended August 29, 2015.

“While we are pleased with the continued progress at Old Navy, we remain focused on improving results across our global brands,” said Sabrina Simmons, chief financial officer, Gap Inc.

August Comparable Sales Results

Gap Inc.’s comparable sales for August 2016 were down 3 percent versus a 2 percent decrease last year. Comparable sales by global brand for August 2016 were as follows:

  • Gap Global: negative 5 percent versus negative 8 percent last year
  • Banana Republic Global: negative 10 percent versus negative 11 percent last year
  • Old Navy Global: positive 1 percent versus positive 6 percent last year

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:15 p.m. Pacific Time on September 1, 2016 and available for replay until 1:15 p.m. Pacific Time on September 9, 2016.

Fishkill Distribution Center Campus Fire
Gap Inc. is currently assessing the impact from a fire that recently occurred in a building located on its Fishkill, New York distribution center campus. The company has activated extensive contingency plans designed to help mitigate the overall impact to the business, including leveraging its North American network of distribution centers and ship-from-store capabilities. Further information is available on the Financial News and Events page accessible at www.gapinc.com/investors.

September Sales

The company will report September sales at 1:15 p.m. Pacific Time on October 6, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com

Contact:
Email: investor_relations@gap.com

Source: Gap, Inc

Gap Inc. declares quarterly dividend of $0.23 per share

SAN FRANCISCO, 2016-Aug-16 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today announced that its board of directors authorized a quarterly dividend of $0.23 per share payable on or after October 26, 2016 to shareholders of record at the close of business on October 5, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contact:

San Francisco
2 Folsom St.
San Francisco, CA 94105
650-952-4400

Source: Gap Inc.

 

Gap Inc. reports of 2% increase in net sales for five-week period ended July 2, 2016 vs. the previous year

SAN FRANCISCO, 2016-Jul-08 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that net sales for the five-week period ended July 2, 2016 increased 2 percent to $1.57 billion compared with net sales of $1.54 billion for the five-week period ended July 4, 2015.

“We are pleased to see better performance across the portfolio this month, partly driven by an improvement in June traffic trends, particularly at Old Navy,” said Sabrina Simmons, chief financial officer, Gap Inc.

June Comparable Sales Results

Gap Inc.’s comparable sales for June 2016 were up 2 percent versus a 1 percent decrease last year. Comparable sales by global brand for June 2016 were as follows:

  • Gap Global: negative 1 percent versus negative 5 percent last year
  • Banana Republic Global: negative 4 percent versus positive 1 percent last year
  • Old Navy Global: positive 5 percent versus positive 1 percent last year

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:15 p.m. Pacific Time on July 7, 2016 and available for replay until 1:15 p.m. Pacific Time on July 15, 2016.

July Sales

The company will report July sales at 1:15 p.m. Pacific Time on Monday, August 8, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contact:

Global Headquarters
San Francisco
2 Folsom St.
San Francisco, CA 94105
650-952-4400

Source: Gap Inc.

Gap Inc. announces March net sales for the five-week period ended April 2, 2016

SAN FRANCISCO, 2016-Apr-09 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that net sales for the five-week period ended April 2, 2016 were $1.43 billion compared with net sales of $1.53 billion for the five-week period ended April 4, 2015.

“While March proved challenging, we remain focused on taking the necessary steps to improve results across the portfolio throughout the year,” said Sabrina Simmons, chief financial officer, Gap Inc.

March Comparable Sales Results

Gap Inc.’s comparable sales for March 2016 were down 6 percent versus a 2 percent increase last year. Comparable sales by global brand for March 2016 were as follows:

  • Gap Global: negative 3 percent versus negative 7 percent last year
  • Banana Republic Global: negative 14 percent versus negative 3 percent last year
  • Old Navy Global: negative 6 percent versus positive 14 percent last year

The company noted that it is entering April with more inventory than planned which the company expects will pressure its gross margin rate for the first quarter of fiscal year 2016.

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:15 p.m. Pacific Time on April 7, 2016 and available for replay until 1:15 p.m. Pacific Time on April 15, 2016.

April Sales
The company will report April sales at 1:15 p.m. Pacific Time on Monday, May 9, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

MEDIA CONTACT
press@gap.com

Gap Inc.: February 2016 net sales decreased 2 percent compared with last year

SAN FRANCISCO, 2016-Mar-07 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that net sales for the four-week period ended February 27, 2016 were $888 million compared with net sales of $918 million for the four-week period ended February 28, 2015.

On a constant currency basis, February 2016 net sales decreased 2 percent compared with last year. In calculating the net sales change on a constant currency basis, current year foreign exchange rates are applied to both current year and prior year net sales. This is done to enhance the visibility of underlying sales trends, excluding the impact of foreign currency exchange rate fluctuations.

“We are encouraged by the initial customer response to Gap brand’s spring collection and we remain focused on improving results across our portfolio,” said Sabrina Simmons, chief financial officer, Gap Inc.

February Comparable Sales Results

Gap Inc.’s comparable sales for February 2016 were down 2 percent versus a 4 percent decrease last year. Comparable sales by global brand for February 2016 were as follows:

  • Gap Global: flat versus negative 7 percent last year
  • Banana Republic Global: negative 11 percent versus negative 5 percent last year
  • Old Navy Global: flat versus flat last year

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:15 p.m. Pacific Time on March 3, 2016 and available for replay until 1:15 p.m. Pacific Time on March 11, 2016.

March Sales

The company will report March sales at 1:15pm Pacific Time on April 7, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e- commerce sites. For more information, please visit www.gapinc.com.

SOURCE: Gap Inc.

Gap Inc. brands, global business and financial inquiries: press@gap.com

Gap Inc. to reduce absolute greenhouse gas emissions by 50% from 2015 levels by the end of 2020

With release of the company’s most recent global sustainability report, Gap Inc. commits to reducing absolute greenhouse gas (GHG) emissions across all global owned and operated facilities by 50 percent from 2015 levels by the end of 2020

SAN FRANCISCO, 2016-Jan-22 — /EPR Retail News/ — As a strategic investment to foster cleaner global business, Gap Inc. (NYSE: GPS) today announced an ambitious new goal to reduce absolute greenhouse gas (GHG) emissions across all owned and operated facilities globally by 50 percent from 2015 levels by the end of 2020. With this new emissions target, Gap Inc. joins the international effort to tackle climate change, building upon the momentum of the landmark Paris Agreement reached last month by the 2015 United Nations climate change summit, COP 21.

Gap Inc.’s new climate goal was announced as part of the company’s most recent Global Sustainability report, “Our Futures are Woven Together,” which outlines the company’s steadfast commitment to protect human rights and improve working conditions in garment factories across the company’s supply chain; to advocate for greater equality and opportunity across its global enterprise; and to change the lives of one million women through P.A.C.E., its award-winning women’s life skills education program by 2020.

Recognizing Gap Inc.’s commitment to equality, inclusion and diversity, the leading nonprofit Catalyst announced today that Gap Inc. would be presented with the prestigious 2016 Catalyst Award at their annual awards dinner on March 16.

CEO Art Peck opens the new report, reflecting on the social and environmental challenges collectively faced by Gap Inc. and the people touched by its business, as well as on the opportunities and promise that lie ahead. “Change is not just possible, but imperative – our futures are tied together and we can’t afford not to act,” Peck writes.

“At Gap Inc., we believe that environmental issues are fundamentally human rights issues. We also believe that creating a more sustainable environment is critical to our company’s business success,” said Melissa Fifield, Senior Director of Sustainable Innovation at Gap Inc. “As we look to integrate our sustainability efforts more deeply into our business strategies and policies, we recognize the potential to create tremendous positive change for the people touched by our business while unlocking new possibilities to grow our global enterprise. We recognize that much work lies ahead of us, but we remain steadfast in our commitment to help ensure the safety and well-being of the people who make our clothes, to advocate for greater equality, and to foster more sustainable communities in the places we live and work.”

Gap Inc. has set its new emissions goal after having achieved its previous goal, which called for reducing absolute greenhouse gas emissions across U.S. operations from a 2008 baseline by 20 percent by the end of 2015; the company is reporting today a total of approximately 37 percent emissions reduction during the 2008-2015 timeframe. Gap Inc. today also announced a companion waste goal for its U.S. facilities to divert 80 percent of waste from landfill by the end of 2020.

“With our new environmental goals, we are stepping up to join the unprecedented global effort to tackle climate change and create a healthier, low-carbon future. As a global fashion company, we rely on the same vital resources that are critical to the health of the communities that support our business. We recognize that embedding our new emissions and waste goals into our company’s priorities and practices is not only the right thing to do, it will allow us to further drive innovation and cost savings across our business,” said Shawn Curran, Executive Vice President of Global Logistics at Gap Inc. and Executive Sponsor of Gap Inc.’s Environmental Council.

The new report details the company’s most recent sustainability initiatives, and covers data from fiscal years 2013-2014. Gap Inc. was one of the first apparel companies to issue a comprehensive social responsibility report in 2003, and the company continues to re-examine the progression of this work as it learns more about the root causes of the challenges across the global value chain and strives to identify, test and implement solutions that can help achieve even greater positive impacts.

Report highlights include:

Environment

  • Setting a goal to reduce absolute greenhouse gas emissions in our owned and operated facilities globally by 50 percent by the end of 2020
  • Committing to a goal of 80 percent waste diversion from landfill across our U.S. owned and operated facilities by the end of 2020
  • Working towards phasing out the use of hazardous chemicals in the making of our products by 2020, as a founding member of the Zero Discharge of Hazardous Chemicals group
  • Partnering with fabric mills to fight pollution and conserve water through our partnership with the Natural Resources Defense Council and the Sustainable Apparel Coalition
  • Providing access to clean water for 17,000 people in India through our new Women + Water program

Working Conditions

  • Consistently visiting the factories that make our clothes, about 1,000 factories each year, to assess and improve working conditions for garment workers
  • Expanding Gap Inc.’s P.A.C.E. (Personal Advancement & Career Enhancement) program, our signature, award-winning life skills education program, to more factories and communities to give one million women worldwide by 2020 the opportunity to gain the skills and confidence to change their lives
  • Improving the lives of the people who make our clothes and forging industry-wide change through innovative partnerships with leading organizations focused on improving workplace conditions and labor standards, such as Better Work and Verité

Equality and Opportunity

  • Establishing Gap Inc. as the first Fortune 500 Company to disclose that we pay our female and male employees equally for equal work across our global organization
  • Announcing plans in 2014 to raise the hourly minimum wage to $10 for more than 60,000 U.S. employees in 2015, making Gap Inc. one of the first U.S. retailers to make this investment in our frontline talent
  • Gap Inc. employees volunteered more than one million hours over 2013 and 2014; this new record was set with the support of more than 2,000 Community Leaders across the world, who lead a wide range of volunteering projects for their teams
  • Creating opportunities for more than 2,000 youth and young adults since 2006, by providing job training and store internships through our This Way Ahead program; our investments in nonprofit organizations have reached 270,000+ teens and young adults in the past three years
  • Standing up as a voice for marriage, racial and gender equality; in 2015, women made up more than 70 percent of our senior leadership, and we sponsored six employee resource groups to promote diversity and inclusion
  • Signing the Women’s Empowerment Principles, developed by UN Women and United Nations Global Compact to advance gender equality; one of the first acts by Art Peck as chief executive officer in February 2015
  • Receiving the 2016 Catalyst Award, a leading nonprofit organization with a mission to expand opportunities for women and business; Gap Inc. is being recognized for its commitment to equality, inclusion and diversity

To learn more, please visit gapinc.com/sustainability, where you can also download a copy of the report.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

SOURCE: Gap Inc.

Gap Inc. reports net sales for the five-week period ended January 2, 2016

SAN FRANCISCO, 2016-1-11 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that net sales for the five-week period ended January 2, 2016 decreased 4 percent to $2.01 billion, compared with net sales of $2.10 billion for the five-week period ended January 3, 2015.

On a constant currency basis, December 2015 net sales decreased 3 percent when compared with last year. In calculating the net sales change on a constant currency basis, current year foreign exchange rates are applied to both current year and prior year net sales. This is done to enhance the visibility of underlying sales trends, excluding the impact of foreign currency exchange rate fluctuations.

“As we bring the holiday season to a close, we look forward to delivering new Spring collections across our brands,” said Sabrina Simmons, chief financial officer of Gap Inc.

December Comparable Sales Results

Gap Inc.’s comparable sales for December 2015 were down 5 percent versus a 1 percent increase last year. Comparable sales by global brand for December 2015 were as follows:

  • Gap Global: negative 2 percent versus negative 5 percent last year
  • Banana Republic Global: negative 9 percent versus flat last year
  • Old Navy Global: negative 7 percent versus positive 8 percent last year

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:15 p.m. Pacific Time on January 7, 2016 and available for replay until 1:15 p.m. Pacific Time on January 15, 2016.

January Sales

The company will report January sales at 1:15 p.m. Pacific Time on Monday, February 8, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Gap Inc. brands, global business and financial inquiries: press@gap.com

SOURCE: Gap Inc.

Gap Inc. November 2015 net sales decreased 9 percent vs. the 6 percent increase last year

SAN FRANCISCO, 2015-12-7 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that November 2015 net sales decreased 9 percent compared with a 6 percent increase last year. On a constant currency basis, November 2015 net sales decreased 8 percent compared with last year.1 Net sales for the four-week period ended November 28, 2015 were $1.57 billion compared with net sales of $1.72 billion for the four-week period ended November 29, 2014.

“With much of the holiday season still ahead, our teams remain focused on strong execution and delivering compelling experiences for customers across our brands,” said Sabrina Simmons, chief financial officer, Gap Inc.

November Comparable Sales Results

Gap Inc.’s comparable sales for November 2015 were down 8 percent versus a 6 percent increase last year. Comparable sales by global brand for November 2015 were as follows:

  • Gap Global: negative 4 percent versus negative 4 percent last year
  • Banana Republic Global: negative 19 percent versus positive 2 percent last year
  • Old Navy Global: negative 9 percent versus positive 18 percent last year

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:15 p.m. Pacific Time on December 3, 2015 and available for replay until 1:15 p.m. Pacific Time on December 11, 2015.

[1] In calculating the net sales change on a constant currency basis, current year foreign exchange rates are applied to both current year and prior year net sales. This is done to enhance the visibility of underlying sales trends, excluding the impact of foreign currency exchange rate fluctuations.

December Sales

The company will report December sales on January 7, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Tracy Gardner to serve on Gap Inc. Board of Directors effective November 11, 2015

SAN FRANCISCO, 2015-10-22 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today announced that Tracy Gardner has been elected to serve on the Gap Inc. Board of Directors, effective November 11, 2015.

“With more than 30 years of experience, Tracy is an accomplished merchant, creative advisor and leader in growing multi-channel brands,” said Bob Fisher, chairman of the board, Gap Inc. “Tracy’s deep product expertise will bring a powerful creative voice to our already accomplished Board.”

Ms. Gardner held a number of leadership roles at J.Crew Group, Inc. from 2004 to 2010, where she ultimately served as president of Retail and Direct. During her tenure, the business expanded across channels, completed its public offering and grew revenue by approximately $1 billion. Additionally, she advised numerous startups and well-known brands as an independent consultant between 2010 and 2013, and served as chief executive officer of dELiA’s Inc. from 2013 to 2014.

During 2015, Ms. Gardner has served as an advisor to the company’s namesake brand, offering creative support to Gap’s new leadership team, led by global brand president Jeff Kirwan. She held a similar role in 2012, working alongside Gap Inc. chief executive officer Art Peck, who was then leading a product and business resurgence as president of Gap North America.

Ms. Gardner began her Gap Inc. career in 1991, serving in several creative roles across Gap and Banana Republic until 1994.  She returned to the company in 1998 to hold senior leadership positions including the head of Gap Adult Merchandising from 2002 to 2004, a period of considerable growth for the brand.

“I’m honored to join the company’s Board of Directors at a time of exciting transformation,” said Ms. Gardner. “I look forward to contributing to the next phase of Gap Inc.’s growth.”

Since 2011, Ms. Gardner has served on the board of directors at Women in Need, Inc.  She served on the board of directors at Lands’ End between 2014 and 2015.

Ms. Gardner becomes the 11th board member and the fourth woman on the Gap Inc. board. In addition, Gap Inc. co-founder, Doris Fisher, became an honorary lifetime director in 2009.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

SOURCE: Gap Inc.

Gap VP Sonia Syngal on TPP negotiations: International trade is vital to the global competitiveness of Gap Inc.

SAN FRANCISCO, 2015-10-7 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today applauded the successful conclusion of the Trans-Pacific Partnership (TPP) negotiations.

“International trade is vital to the global competitiveness of Gap Inc.,” said Sonia Syngal, Executive Vice President of Global Supply Chain and Product Operations, Gap Inc. “We employ tens of thousands of Americans who work in a variety of positions and professions across our company, and trade helps to sustain these jobs. We applaud the work of United States Trade Representative Mike Froman and other negotiators to conclude the TPP, which will create new opportunities for trade and investment for Gap Inc. and the retail industry.”

“We look forward to supporting an agreement that will bring significant value for American families, provide meaningful benefits for our industry and our workers, raise labor and environmental standards for millions of people across the Asia-Pacific region, and begin to level the playing field with our international competitors,” Syngal added.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Gap Inc. applauded the bipartisan Senate vote to approve Trade Promotion Authority legislation

SAN FRANCISCO, 2015-6-26 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today applauded the bipartisan Senate vote to approve Trade Promotion Authority legislation. The measure approved will modernize and renew Trade Promotion Authority (TPA) and help to build a robust trade agenda to bolster U.S. economic growth and competitiveness. The measure now goes to the President for his signature.

Gap Inc. also conveyed its strong support for Congressional renewal this week of trade preferences for Africa, Haiti, and the Generalized System of Preferences, as well as Trade Adjustment Assistance (TAA). Trade preference programs promote economic development and help to lift people out of poverty in the world’s poorest countries by providing duty-free entry for qualifying products, while TAA provides workers with the support and tools they need to compete in a 21st century global economy. The TAA and trade preferences legislation approved today by the Senate will require House approval before it can be signed into law.

“In approving the bipartisan Trade Promotion Authority legislation, Congress takes an important step forward to help ensure the future competitiveness of the U.S. economy. TPA will provide a crucial tool for U.S. negotiators who are seeking to secure the best possible deal for American workers and businesses when finalizing trade agreements such as the Trans Pacific Partnership (TPP). Importantly, TPA also establishing strong, enforceable labor protections, human rights, and environmental standards,” said Sonia Syngal, executive vice president of global supply chain and product operations for Gap Inc. “We applaud members of the Senate and House who demonstrated leadership by voting to approve TPA, and we urge the President to quickly sign the legislation into law.”

“TPP and trade preference programs for Africa and Haiti would help U.S. companies such as Gap Inc. compete globally by reducing tariffs for apparel. Our competitors based in Europe and Asia currently enjoy these duty-free benefits, so leveling the playing field would help save millions of dollars,” continued Syngal. “These savings can then be reinvested into our workforce and operations, or passed onto our customers.”

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

H&M and Gap Inc. issue joint statement at the conclusion of the ILO Labor Capacity Building Forum in Myanmar

SAN FRANCISCO, 2015-6-24 — /EPR Retail News/ — The Government of Myanmar together with the ILO and the Governments of the United States of America, Japan, Denmark and the European Union are jointly implementing the Initiative on Labour Law Reform and Institutional Capacity Building to improve labor rights and practices in Myanmar. The ILO held a Stakeholders Forum on May 18 and 19 to bring together domestic and international stakeholders to discuss labor issues in Myanmar, identify priority challenges, share global experiences and support efforts to address the gaps.

The following is a joint statement by H&M and Gap Inc. at the conclusion of the Forum.

“As leading international apparel companies who are among the first sourcing in Myanmar, and as founding members of the BSR Myanmar Responsible Sourcing Working Group, H&M and Gap Inc. welcome Myanmar’s commitment to the labor law reform process and encourage its implementation based on the four core elements outlined by the ILO:

  • Comprehensive in that it covers all workers and leaves no “gaps”
  • Accessible in that the law needs to be understood by all stakeholders, who need to be part of labor law drafting through a more inclusive process
  • Appropriate to the Myanmar context
  • Consistent with international human rights and ILO conventions, and with the removal of all remaining inconsistencies among existing laws

We are pleased to have participated in the Stakeholder Forum, as we seek collaboration with other stakeholders to support labor capacity building, worker rights and the advancement of the rule of law. We are committed to working with our suppliers and other stakeholders in Myanmar to secure continued progress towards the widespread implementation of global best practices so that the garment sector can play a meaningful and helpful role in Myanmar’s continued economic, social and democratic development.”

Helena Helmerson, Global Head of Production, H&M

Debbie Mesloh, VP, Global Government and Public Affairs, Gap Inc.

Gap Inc. in Myanmar
In June 2014, Gap Inc. became the first American retailer to source from Myanmar.  The company entered the country after rigorous due diligence, which included discussions with international and local NGOs, trade union leaders and local officials on the ground, industry representatives and Western government officials. Gap Inc. is a member of BSR and together with other brands, has committed to Principles for Responsible Sourcing for Myanmar’s garment sector. Underscoring its commitment to capacity building, the company launched a public private partnership with USAID to extend the reach of its award-winning women’s empowerment program, P. A. C. E., and has been working in partnership with the International Labor Organization on labor capacity building in the garment industry. Gap Inc. voluntarily reported its activities in Myanmar to the United States State Department, see the report here.

H&M in Myanmar
H&M placed test orders in Myanmar in 2013, started sourcing from a small number of units in 2014 and opened a production office in Yangon in early 2015. Before entering Myanmar, the company conducted a thorough risk analysis with external stakeholders, both locally and globally. H&M works with BSR to mitigate current and future risks and to build the capacity of local suppliers. The company believes that transparency is the key to industry change and has published its complete supplier list on hm.com, including all Myanmar units. H&M has completed a human rights assessment questionnaire published in full on the Institute for Human Rights and Business (IHRB) http://business-humanrights.org/en/response-by-hm-myanmar-foreign-investment-tracking-project.