Gap news and archive

Legacy retail brands stage comeback amid shifting consumer priorities

Traditional American retail brands are experiencing an unexpected renaissance in 2024, even as economic headwinds continue to reshape consumer behaviour. Market data from Placer.ai reveals a nuanced picture where heritage names are finding new relevance, particularly among millennial shoppers who once drove their initial success. Anthropologie...

BusinessFeaturedMember

Gap registers positive Q3, lifts outlook

Gap’s third quarter net sales of 3.8 billion dollars were up 2 percent compared to last year and comparable sales were up 1 percent year-over-year. As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. "I'm proud that...

Fashion|In Pictures

Gap launches collection with Paddington

American retailer Gap has launched a limited-edition capsule collection with the beloved children’s character Paddington Bear, ahead of StudioCanal’s ‘Paddington in Peru’ film on November 8. The 19-piece collection, shoppable at Gap.co.uk, features playful, everyday essentials for toddlers and babies, combining Gap’s super-soft, elevated designs...

FashionFeatured

L’Enchanteur wins 2024 CFDA/Vogue Fashion Fund

Dynasty and Soull Ogun, the twin sisters behind lifestyle brand L’Enchanteur, best known for its jewellery, have won the 2024 CFDA/Vogue Fashion Fund award. As winners, L’Enchanteur will receive 300,000 US dollars to boost its business, alongside mentorship from a top industry professional. The fashion prize also names Jackson Wiederhoeft of...

Fashion|In Pictures Featured

Gap unveils holiday collection with Cult Gaia

American retailer Gap is collaborating with Los Angeles-based Cult Gaia on a holiday collection for women and kids launching on October 10. The 35-piece collection draws inspiration from Cult Gaia's modern, sculptural influence, combined with Gap's “most loved” essentials to create a range of statement pieces designed to celebrate “the beauty...

BusinessFeaturedMember

Gap reports strong Q2, increases outlook

Gap net sales for the second quarter of 3.7 billion dollars were up 5 percent with comparable sales up 3 percent year-over-year. Increasing its gross margin and operating income outlook for the year ahead, the company said it expects FY24 operating income in the 50’s growth range and gross margin expansion of 200 bps. "In comparison to where we...

People

Gap, HeyDude and Tom Ford: Brand ambassadors on the move this week

It was a busy week for brands and their respective ambassadors, many of whom were selected for their connections to a younger generation of potential shoppers, a group brands are continuously trying to align with. Here are some of the biggest collaborations of the week, some ringing in the launch of the all important autumn campaigns. HeyDude...

FashionFeatured

Fashion giants join forces to decarbonise supply chains

Leading fashion brands are collaborating on an innovative financing initiative to accelerate the decarbonisation of their global supply chains, which account for an estimated 99 percent of the industry's total greenhouse gas emissions. The Future Supplier Initiative, facilitated by The Fashion Pact in partnership with the Apparel Impact...

BusinessFeaturedMember

Gap's turnaround plan boosts Q1 performance, raises outlook

First quarter net sales of 3.4 billion dollars at Gap were up 3 percent with comparable sales up 3 percent year-over-year. Store sales for the quarter increased 3 percent and online sales increased 5 percent. As a result of its strong first quarter results, the company is increasing its outlook for fiscal 2024, reflecting higher net sales and...

Fashion

Gap to sell viral shirtdress worn by Anne Hathaway on the red carpet

American retailer Gap has announced that a version of the custom viral white shirtdress worn by Anne Hathaway on the red carpet in Rome will be available for pre-order from May 28. The custom dress was designed by Gap’s creative director Zac Posen and worn by the actress at a Bulgari event in Italy on May 20. The deconstructed dress reimagines...

Fashion|In Pictures

Gap unveils collaboration with Dôen

American retailer Gap has unveiled a limited-edition collection with Californian clothing label Dôen celebrating sisterhood launching on May 17. Los Angeles-based Dôen, founded in 2016 by sisters Margaret and Katherine Kleveland, has gained recognition for being worn by the likes of Taylor Swift, Selena Gomez and Jennifer Lopez and is showcasing...

Fashion

Coach sues Gap for "Coach" t-shirts

American lifestyle brand Gap has stirred controversy with another player in the lifestyle market by offering t-shirts featuring the word "Coach." The move has provoked Tapestry-owned Coach, which has initiated legal action against Gap for allegedly selling these tees without authorization. In a trademark infringement lawsuit filed in the federal...