The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Gap Inc. CEO Among Business Leaders in Meeting with President Biden

Gap Inc. projects a drop in second-quarter sales due to rising supply chain costs. (Shutterstock)

Chantal Fernandez

09 February 2021

Sonia Syngal joined the leaders of Walmart, Lowe’s and JPMorgan Chase and the head of the US Chamber of Commerce at the White House on Tuesday as the president seeks support for his $1.9 trillion pandemic relief bill.

Expected topics of discussion included Biden’s plan to raise the minimum wage to $15, a move Walmart’s chief executive has said would be too sudden. The administration already said any increases would go into effect after the pandemic.

Syngal took the top job at Gap Inc. in March 2020. She was previously the head of subsidiary Old Navy since 2016.

In This Article

Topics

Retail

Adidas Prepares for Samba Slump

As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.

Op-Ed | The Rise of the Unwasteful Brand

A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.

Fashion’s Stalled Self-Checkout Revolution

RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.

Peloton CEO to Step Down as Company Cuts 15% of Jobs

The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.