BoF compiles the most important professional moves of the week.
NEW YORK, United States — Gap Inc. announced Wednesday it plans to more than triple sales in China in three years as it seeks to grab a bigger piece of the overall $1.4 trillion global clothing market.
What was once a little-celebrated job — outfitting the characters that grace TV and film screens — is now the source of significant business opportunities for fashion brands, studios and networks, and the costume designers themselves.
NEW YORK, United States — Gap Inc. is expanding its service that allows shoppers to reserve items online and then pay for and pick up the merchandise at the store within 24 hours.
SAN FRANCISCO, United States — Gap Inc. said Thursday that its companywide sales trends improved for the month of July and its second quarter as shoppers responded well to its lineup of summer products at its namesake and Old Navy stores.
SAN FRANCISCO, United States — Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations."
Keeping zombies out of the mall (FT) “The Garrard Street mall in Reading, a 40-minute drive from west London, is a warning to developers everywhere. Abandoned and soon to be demolished as part of a broader redevelopment… A lethal combination of thrifty consumers and a commercial real estate slump have turned malls into the walking dead of retail.” Michael Kors 1st-qtr profit rises, raises forecast (Reuters)
A market for the newly wealthy (FT) “Luxury is a relative concept. In Poland just over two decades ago, it was the height of luxury to have a steady supply of toilet paper, a washing machine and a few US dollars to buy some stick deodorant at a Peweks hard currency shop.” Gap Channels Best Quarter With Banana Republic’s Mad Men (Bloomberg) “Clothing based on the 1960s ‘Mad Men’ styles of Don Draper and