Gap Increases Worker Pay Amid Debate About Minimum Wage

Singer Anna Calvi and rapper Theophilus London in Gap Spring/Summer 2014 campaigns | 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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Bangladesh Waits for Factory Checks Six Months After 1,127 Die

Rana Plaza collapse in Dhaka, Bangladesh | Source: Flickr

DHAKA, Bangladesh — Six months ago, when 1,127 Bangladeshi workers were killed in the collapse of a high-rise warren of garment factories, international outcry led to pledges by western retailers and the government to set up a large-scale inspection regime and a new wage system.

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Gap Says Sales Trends up in July and Second Quarter

GAP Store on Broadway, New York | Source: Shutterstock

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.

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