Gap Increases Worker Pay Amid Debate About Minimum Wage

Gap campaign 2014 | Source: Gap

SAN FRANCISCO, United States — Gap Inc., the owner of Old Navy, Banana Republic and its namesake apparel chain, will raise its hourly pay for U.S. employees to $9 in 2014 and $10 the following year, saying it wants to “do more than sell clothes.”

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David Jones Rises as Rejected Myer Merger Proposal Revealed

David Jones Store | Source: Flickr.com

SYDNEY, Australia — David Jones Ltd., Australia’s second-largest listed department store company, rose the most in two months after it said it received a merger proposal in October from larger rival Myer Holdings Ltd. that it rejected.

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Can Rebekka Bay Save Gap?

Gap's creative director Rebekka Bay | Source: Courtesy

Once one of the world’s most successful specialty retailers, Gap has been mired in decline for over a decade. Following a series of cost-cutting measures, will the arrival of creative director Rebekka Bay and a new focus on product help the American retail giant get back on its feet?

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