30 Facts About Gap Inc

Gap, Inc, commonly known as Gap Inc or Gap, is an American worldwide clothing and accessories retailer.

Gap Inc operates four primary divisions: Gap, Banana Republic, Old Navy, and Athleta.

Fisher agreed to stock only Levi's apparel in every style and size, all grouped by size, and Levi's guaranteed The Gap Inc to be never out of stock by overnight replenishment from Levi's San Jose, California warehouse.

In 1971, Gap Inc established its corporate headquarters in Burlingame, California with four employees.

In 2007, Gap Inc announced that it would "focus [its] efforts on recruiting a chief executive officer who has deep retailing and merchandising experience ideally in apparel, understands the creative process and can effectively execute strategies in large, complex environments while maintaining strong financial discipline".

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Gap Inc began working with the company in 1980 and joined the board in 1990, and would later assume several senior executive positions, including president of Banana Republic and the Gap units.

In October 2011, Gap Inc announced plans to close 189 US stores, nearly 21 percent, by the end of 2013; however, it plans to expand its presence in China.

Gap Inc announced it would open its first stores in Brazil in the Fall of 2013.

In January 2015, Gap Inc announced plans to close their subsidiary Piperlime in order to focus on their core brands.

In September 2018, Gap Inc began publicizing Hill City, a men's athletic apparel brand that launched in October 2018.

In June 2020, Gap Inc announced its collaboration with Kanye West's Yeezy Brand.

In February 2021, Gap Inc announced a $140 million investment to build an 850, 000 square foot distribution center in Longview, Texas, because it forecasts that its online business will double over the next two years.

Several days later, Gap Inc announced it would cut some 500 corporate positions in its San Francisco and New York offices.

Gap Inc announced that the layoffs were unrelated to the decision to end its partnership with West.

The Gap Inc's original trademark was a service mark for retail clothing store services.

Gap Inc opened the first brick and mortar Athleta store in 2011.

Gap Inc originally targeted the younger generation when it opened, with its name referring to the generation gap of the time.

The Gap Inc was the first of many shops that carried only Levi's.

In 1973, Gap Inc started making their own jeans as a way to differentiate themselves from department stores.

In January 2008, Gap Inc signed a deal with Marinopoulos Group to open Gap Inc and Banana Republic stores in Greece, Romania, Bulgaria, Cyprus, and Croatia.

Gap Inc now has a store in New Delhi, India which opened in May 2015.

On February 20, 2016, Gap Inc launched stores in Mumbai at Oberoi Mall and Infinity-2.

In May 2016, Gap Inc announced it would shutter all Old Navy stores in Japan in response to poor Q1 performance for Old Navy and consistent losses across the organization.

However, in June 2021, Gap Inc confirmed plans to close all its 81 stores in the UK and Ireland and go online-only.

In 2006, Gap took part in the Product Red campaign with the launch of a special RED collection, including a T-shirt manufactured in Lesotho from African cotton.

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Gap Inc continued the products into 2007, especially in the lead up to Valentine's Day, using slogans such as "Adm" and "Des".

Gap Inc denied knowledge of the happenings; it subsequently removed and destroyed the single piece of clothing in question, a smock blouse, from a British store.

On February 19, 2014, Glenn Murphy, CEO of Gap Inc, announced Gap will raise the minimum wages for its 65, 000 U S store employees.

In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Gap Inc, of being connected to forced Uyghur labor in Xinjiang.

However, West accused Gap Inc of failing to honor terms of the deal and decided to end the partnership in September 2022.