Gap Inc. Chief Executive Officer Glenn Murphy will leave the clothing retailer next year, passing the reins to one of his lieutenants, Art Peck.
U.S. retailers are suffering through the slowest back-to-school shopping season since the recession ended in 2009, raising concern that the year-end holidays will bring more of the same.
Recent surveys have found that members of the U.S. Millennial Generation — the roughly 80 million Americans born between 1977 and 2000 — pride themselves on their individuality, and shop accordingly.
Gap Inc. said Thursday that its sales edged up 3 percent in the second quarter as growth at Old Navy offset lower sales of the company's namesake brand.
NEW YORK, United States — Gap Inc., the largest U.S. retailer focused on apparel, tumbled as much as 5.3 percent in late trading after posting a comparable-store sales drop for June.
NEW YORK, United States — Gap Inc., the biggest apparel-focused retailer in the U.S., reported first-quarter profit that exceeded analysts’ estimates, helped by sales of low-priced clothing and athletic gear.
SAN FRANCISCO, United States — Gap Inc. rose as much as 5.8 percent in late trading after posting preliminary first-quarter profit that beat analysts’ estimates, helped by an unexpected gain in April sales.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
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.
NEW YORK, United States — Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.
NEW YORK, United States — Gap Inc. is reporting a 12.5 percent drop in fourth-quarter profit on a 3 percent decline in revenue as the clothing retailer was forced to discount heavily over the holiday shopping season to entice customers.