The company has over , employees and 3, stores around the world, about two thirds of which are in the United States. Recently, it expanded to open stores in Brazil and grow its presence in China.
We and our partners use cookies to better understand your needs, improve performance and provide you with personalised content and advertisements. To allow us to provide a better and more tailored experience please click "OK". Sign Up. Travel Guides. Videos Beyond Hollywood Hungerlust Pioneers of love.
Courtney Holcomb. Give us feedback. Read Next View. San Francisco Proper Hotel. Argonaut Hotel - a Noble House Hotel. Palihotel San Francisco. Axiom Hotel San Francisco. The online retailer served as an attempt to get ahead of the growing e-commerce space, but was later shuttered in Despite accounting for a relatively small piece of the business, the Athleta brand consistently performs well. However, just a few months later, the brand posted its first sales decline in three years in the second quarter of , with a subsequent drop in the third quarter.
Source: Business Insider. Peck had worked at the company for 15 years and had been CEO since The company did not provide a reason for Peck's departure. Source: Markets Insider. Source: Forbes. For you. World globe An icon of the world globe, indicating different international options. Get the Insider App. Click here to learn more.
A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log out. US Markets Loading H M S In the news. Bethany Biron. Gap, the largest specialty retail company in the US, was once one of America's most beloved apparel retailers, known for its laid-back basics and classic denim.
The company is now struggling to stay afloat amid a consistent sales decline and recent executive transitions, including the sudden departure of CEO Art Peck earlier this month. Here's the story of the company's rise to mall brand darling and eventual fall from grace. Visit Business Insider's homepage for more stories. The name is a reference to the concept of the generation gap. The first Gap store primarily sold Levis and records.
Gap's popularity exploded. The next year, the Fishers opened a second store in San Jose and then established a company headquarters in Burlingame, California, in The store became synonymous with American classics, like blue jeans and T-shirts. In , Gap officially went public. As Gap looked to grow the company, it started to eye acquisitions and developing new brands.
In , Gap acquired Banana Republic. As part of Gap's growth strategy, it also moved into new apparel categories, including children's clothing, leading to the launch of Gap Kids in In , Gap officially opened its doors overseas, with its first store in London. To help develop a more upscale identity, Gap brought on Millard "Mickey" Drexler as CEO, who oversaw the company for much of the s. During his tenure, Old Navy was created, initially intended as a lower-priced alternative to Gap when it opened its doors in Old Navy quickly became beloved across a wide consumer demographic for its playful designs and fun slices of Americana, like its annual Fourth of July apparel.
0コメント