Gap Inc on Thursday said comparable sales for the fourth-quarter fell less-than-expected, as the coronavirus continues to spread across the globe causing supply chain delays and sales halts for the world's retailers.
The San Francisco-based apparel group has teamed up with the world’s largest fashion resale platform to encourage consumers to participate in the circular economy, becoming a partner in its Resale-as-a-Service program.
As it aims to expand while staying true to its principles, the B Corp-certified footwear company has announced the appointment of Old Navy president and chief creative officer Nancy Green to its board of directors.
Spread throughout the United States, Canada and the UK, the Gap stores were shuttered on Sunday, as part of the company's previously announced plans to close a total of 230 Gap stores over the next two years.
The CEO of the American fashion group, who stepped into his role in early 2015, will be succeeded by chairman of the board, Robert J. Fisher, heir of the company's founding family, who takes over as interim CEO.
One year after launching Hill City, Gap has opened the men's activewear brand’s first physical store in San Francisco, a 12-month pop-up aiming to test the waters as the digital-first label looks into physical retail.