Gap
This coverage focuses on Gap, the global apparel retailer and its operations within the UK and international markets. Retail Sector reports on Gap’s brand strategy, financial performance, digital transformation, and partnerships following its evolving retail model. Coverage includes store portfolio changes, e-commerce growth, sustainability commitments, and leadership updates under the Gap Inc. group, alongside its sister brands such as Banana Republic and Old Navy. For retail professionals, this category provides insights into how Gap navigates shifting consumer trends, supply-chain pressures, and competition in the fast-changing fashion and lifestyle market.
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Sep- 2021 -20 SeptemberClothing & Shoes
Gap to return to the UK with new Next partnership
Next has announced that it has finalised an agreement with Gap to manage the business in the UK and Ireland as a franchise partner. Under the agreement, the companies will form a joint venture to operate Gap’s e-commerce business across the Next total Platform, host Gap-branded shop-in-shops at select retail…
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Aug- 2021 -27 AugustHigh Street
Gap acquires ecommerce startup Drapr
Gap Inc. has acquired Drapr, an ecommerce startup and online application based on technology that enables customers to quickly create 3D avatars and virtually try on clothing. The group said it will utilise the technology for its customers in a move aimed at boosting its digital transformation. Drapr was founded…
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18 AugustAdvice
In-store retail is due for a comeback: how to succeed in the post-vax reopening
Bricks and mortar retail has had a difficult year, and while the situation is improving as vaccines roll out, it’s clear that business as usual is still a long way off. The sector is still reeling from the impact of the Covid crisis, and retailers of every size have been…
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Jul- 2021 -1 JulyClothing & Shoes
Gap to close all UK and Ireland stores
Gap has announced plans to close all 81 of its UK and Ireland stores following a strategic review of its European business. The move comes as a part of the group’s 2023 power plan, which commenced with a strategic review of Gap’s European operations last year. While the closures will…
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Jun- 2021 -9 JuneClothing & Shoes
Gap to step away from 19 UK sites
Gap is set to close 19 of its stores across the UK and Ireland as their leases expire on 31 July 2021. The US clothing and accessories retailer confirmed that is stepping away from the sites as part of a strategic review of its operations, which commenced last Autumn. While…
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Feb- 2021 -24 FebruaryClothing & Shoes
Gap battles landlords in bid to shutter stores
Gap is reportedly battling its landlords ahead of plans to “hand back the keys” to all its UK stores this July, according to the Times. The group first announced it was considering the possible closures of company-operated stores in the UK, France, Ireland and Italy at the end of Q2…
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Dec- 2020 -23 DecemberNews
L Brands announces new president and chief HR officer
L Brands has announced new leadership appointments at Bath and Body Works which includes Julie Rosen as president and Deon Riley as chief human resources officer. Rosen and Riley will reportedly work under the leadership of Andrew Meslow, CEO of both L Brands and Bath and Body Works. Rosen will…
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Nov- 2020 -25 NovemberNews
Gap appoints new chief growth officer
Gap Inc. has announced that Asheesh Saksena will join the senior leadership team as chief growth officer, a position he will assume in January 2021. The newly created position will reportedly focus on executing the company’s strategic agenda and growth initiatives for the future. Saksena most recently served as president…
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Oct- 2020 -23 OctoberClothing & Shoes
Gap considers closure of all European stores
Gap has launched a strategic review for its European business that may result in the possible closures of company-operated stores in the UK, France, Ireland and Italy at the end of Q2 2021. In addition, it is reviewing its warehouse and distribution model, as well as its Gap and Banana…
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Jun- 2020 -5 JuneClothing & Shoes
Gap sales nosedive by 43% in first quarter
Gap Inc. sales plunged 43% year-on-year in the first quarter of 2020, largely driven by store closures across its estate. In the period ended 2 May, the group posted a total net loss of $932m (£735m), down from a profit of $227m (£179m) posted the same period the year prior. …
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