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A.RESEARCH
About Gap Inc.
Gap Inc. is a leading international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic and Old Navy brand names. Gap brand includes Gap, GapKids, babyGap, GapBody and Gap Outlet.
We have world headquarters in the San Francisco Bay Area, product development offices in New York City and distribution operations and offices coordinating sourcing activities around the globe.
Stores
Gap Inc. operates more than 4,50 stores worldwide. (This number includes any Gap brand concept Gap Adult, GapKids, babyGap or GapBody that meets a certain square footage threshold even when residing within a single physical location.)
Customers can shop at Gap stores in five countries outside of the United States the United Kingdom, Canada, France, Japan and Germany. Banana Republic and Old Navy stores are located in the United States and Canada. While we continue to test on a limited basis other marketing and distribution channels, our current strategy focuses on the above mentioned countries and continuing expansion through company owned and operated stores. For more information about Gap Inc. stores worldwide, visit the Real Estate section.
Web sites
gapinc.com
gap.com
gapbody.com
gapkids.com
babygap.com
BananaRepublic.com
oldnavy.com
Founding
Gap Inc. was founded in 16 by Donald and Doris Fisher in San Francisco, California, with a single store and a handful of employees. Today, Gap Inc. is an international company with some 165,000 employees supporting the companys three distinct brands Gap, Banana Republic and Old Navy.
Employment
Gap Inc. employs approximately 165,000 people worldwide.
President and CEO of Gap Inc.
Paul Pressler
How we run our business?
At Gap Inc. we never stop moving. It takes thousands of passionate, dedicated and talented employees around the world to deliver the merchandise and shopping experience our customers expect and deserve. Heres a look at how we do it
Inspiration
From color to concept, it all begins with inspiration whether its people-watching on the streets of Tokyo, a flash from a dream or a visit to a local art gallery. At Gap Inc.s product development offices in New York City, designers, product managers and graphic artists create the look and feel for each seasons merchandise.
Sourcing
Located around the globe, employees in Gap Inc.s sourcing and logistics group, along with our buying agents, draw up production schedules and place orders with approved third-party factories in the more than 50 countries that produce our goods. Learn more about Gap Inc.'s commitment to ethical sourcing.
Marketing
Each brand has its own marketing team headquartered in the San Francisco Bay Area. Our in-house marketing teams create everything from hang-tags and in-store posters to billboards and TV commercials.
Distribution
Third-party manufacturers ship merchandise to our state-of-the-art distribution centers, which sort and redistribute it to our stores. Strategically placed throughout the United States and in Canada, the United Kingdom, the Netherlands and Japan, our distribution centers are the backbone of Gap Inc.s worldwide operations.
Sales
Sales associates and other store personnel are trained to answer customers questions about fabric, fit and fashion, and to help them select merchandise thats perfect for them.
Recent highlights
Leadership Changes at Gap Inc.
In early 00, Gap Inc. announced two changes to its Executive Leadership Team. On Jan. 18, the company announced the hiring of Byron Pollitt as Executive Vice President and Chief Financial Officer. Reporting to Gap Inc. President and CEO Paul Pressler, Mr. Pollitt is responsible for corporate finance and strategy functions, as well as information technology. A 1-year veteran of The Walt Disney Company, Mr. Pollitt most recently served as Executive Vice President and Chief Financial Officer for the Walt Disney Parks and Resorts division. He succeeds Executive Vice President and CFO Heidi Kunz.
On Feb. 7, Gap Inc. announced that Eva Sage-Gavin joined the company as Executive Vice President of Human Resources, reporting to Paul Pressler. In addition to joining the Executive Leadership Team, Ms. Sage-Gavin will oversee Gap Inc.s human resources strategies worldwide, including staffing, organization development and training, compensation and benefits, employee relations and diversity. Ms. Sage-Gavin previously served as Senior Vice President of Human Resources at Sun Microsystems.
John Lillie, a Gap Inc. board member since 1, resigned from the Gap Inc. Board of Directors and retired from the operating role of Vice Chairman, which he assumed in January 001.
Fourth Quarter Results
On Feb. 7, Gap Inc. reported positive earnings for the fourth quarter of 00, with strong sales performance at Gap, Gap International, Banana Republic and Old Navy contributing to the growth. Focusing on product design and assortments, the brands delivered Holiday styles to which customers responded enthusiastically.
Holiday Marketing Helps Make Spirits Bright
This holiday, Gap focused on bringing festive colors and crazy stripes to customers to help cut through the winter blahs. Proof that customers were crazy for stripes newspapers across the United States reported that customers scarfed down the crazy-stripe scarves until they were completely sold out in stores.
Old Navy -- in association with the New York City Taxi and Limousine Commission -- gave New York a Fleece Lift by fitting the back seats of hundreds of yellow cabs with Old Navys famous Performance Fleece. For every ride in a Fleece Fleet taxi, Old Navy helped families in need by donating fleece and outerwear to New York Cares annual holiday coat drive.
Cast of Thousands
More than 00,000 submissions flooded Gaps virtual and actual mailboxes in response to the brands first-ever open casting call to find real people to be a part of Gaps iconic print advertising. Twenty-four smiling faces -- four in each category of Men, Women, Boys, Girls, Baby Boys and Baby Girls -- were selected as finalists for a chance to appear in 00 marketing. From Jan. 0-8, Gap customers voted online and in stores for their favorites. Gap Casting Call winners will be announced in early March.
GapMaternity Delivered in Stores
There was an exciting new delivery in January when 1 babyGap stores across the United States received a sampling of GapMaternitys key items for Spring. Previously available only online, the in-store assortment offers pregnant women a chance to shop for themselves while stocking up on baby clothes. With expert sales staff, the stores offer moms-to-be recommendations for the best fits during each stage of her pregnancy and take the guesswork out of maternity shopping.
Community Outreach and Events
More than 80 Gap Inc. employees traveled to El Salvador, Alaska or Honduras in 00 to build homes with Habitat for Humanity International, as part of Gap Foundations Community Corps program. The program recognizes employees who have demonstrated a commitment to volunteerism in their home communities, while supporting neighborhoods and families in need.
Gap Inc. was recognized by the governments of South Korea and Cambodia for its contributions to the two countries textile and garment industries. South Korean President Kim Dae Jung awarded the company the Presidential Medal of Industrial Merit, and Cambodian Prime Minister Hun Sen delivered a commendation for Gap Inc.s outstanding contribution to his countrys economic development. Learn more about Gap Inc.s ethical sourcing program.
San Francisco residents and visitors were recently given a gift of love. Cupids Span, commissioned by Gap Inc. founders Don and Doris Fisher -- and presented as a gift to San Francisco -- now serves as the centerpiece of Rincon Park, across from Gap Inc.s corporate headquarters. The fiberglass-and-steel rendering of Cupids bow and arrow was designed and created by world-renowned artists Claes Oldenburg and Coosje van Bruggen. Installed in November, the structure stands 60-feet-tall by 10-feet-long.
Brand classification
Gap
Since its founding in 16, Gap has provided its customers with clothing and accessories that enhance personal style. What began as one brand has grown to include Gap, GapKids, babyGap and GapBody, and customers in the United States can also shop online at gap.com. By providing great style, value and service, Gap has become one of the world's most recognized brands, with stores in the U.S., Canada, the United Kingdom, Japan, France and Germany.
Banana Republic
Banana Republic is known for casual luxury, with high-quality apparel for men and women and sophisticated seasonal collections of accessories, shoes, personal care products, intimate apparel and gifts for the home. Customers can expect exceptional service from Banana Republic in its United States and Canada stores, online at BananaRepublic.com and on the phone at (888) BR-STYLE
Old Navy
Old Navy makes shopping fun and fashion affordable for the whole family. At Old Navy, youll find everything from the best in denim, khakis and graphic tees to casual clothing for work and play, plus the Old Navy Item of the Week each and every week, a special item at a special price. Shop for great clothes at great prices for adults, kids and baby at Old Navy stores around the United States and Canada or visit oldnavy.com to shop around the clock
Financial and Media
Gap Inc. is a global company with fiscal 00 revenues topping $14.5 billion. Gap, Banana Republic and Old Navy are differentiated by their customer target, merchandise mix and marketing approach, but share a common goal to deliver customers exceptional style, service and value.
Financial Reporting
Gap Inc. issues financial announcements on a monthly and quarterly basis. For previous announcements, see the Press Releases page.
Expected Financial News Release Dates 00
Fourth Quarter Earnings 00February 7, 00
February SalesMarch 6, 00
March SalesApril 10, 00
April SalesMay 8, 00
First Quarter Earnings 00May, 00
May SalesJune 5, 00
June SalesJuly 10, 00
July SalesAugust 7, 00
Second Quarter Earnings 00August 1, 00
August SalesSeptember 4, 00
September SalesOctober, 00
October SalesNovember 6, 00
Third Quarter Earnings 00November 0, 00
November SalesDecember 4, 00
Sales and earning
Gap Inc. announces monthly sales results via press release and audio recording prior to market open on the Thursday after month-end. The listen-only recording is hosted by Gap Inc.s CFO and is available shortly after the wire services post our announced results (approximately 80 a.m. ET). Recordings are archived for two weeks and can be accessed by calling (800) GAP-NEWS, or (706) 64-441 for international callers.
We announce earnings quarterly after market close via press release, real-time audio webcast and live conference call. (Visit the Conference Calls & Webcast page for more information.) Earnings announcements begin at 5 p.m. ET ( p.m. PT) and are open to the public. The announcements are available for replay for one month on gapinc.coms Conference Calls & Webcast page and by calling (800) GAP-NEWS, or (706) 64-441 for international callers.
Visit press releases for the most recent sales or earnings announcement, or refer to our expected financial news release dates for the next anticipated announcement.
Security GPS (NYSE)
On May 1, 176, Gap Inc. made its initial public offering at $18 per share ($0.11 adjusted for all subsequent splits). We began trading our Common Stock on the New York Stock Exchange (ticker symbol GPS) on July 0, 176. We are also listed on the Pacific Exchange.
Of course, no one can predict the future price of Gap Inc. stock it may be higher or lower and past performance is no guarantee of future results
Social Responsibility
With stores in five countries and every state in the U.S., plus corporate operations around the world, Gap Inc. is committed to having a positive impact in the communities where we do business. This commitment means supporting and volunteering with organizations that address the needs of youth and neighborhoods. It means striving to make sure that the garment workers who produce our clothes are treated with dignity and respect. And it means minimizing our effect on the environment.
Reference www.gap.com
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