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Tag: gap

  • Gap Eyes China Expansion: Plans 50 New Stores, Hong Kong Comeback and Australia Re-Entry

    Gap Eyes China Expansion: Plans 50 New Stores, Hong Kong Comeback and Australia Re-Entry

    Gap, the prominent American clothing retailer, is said to be significantly expanding its footprint in Greater China. The company’s plans include opening 50 fresh storefronts throughout mainland China during the current year, as well as reestablishing its presence in Hong Kong.

    This expansion initiative follows in the wake of Gap’s first-ever quarterly break-even performance in China. This success has been credited to Baozun, the local operator who assumed control of the business in 2022. Under Baozun’s leadership, the company completed a comprehensive overhaul of its supply chains, merchandising, and digital channels.

    The forthcoming new stores are not confined to the established business hubs of Shanghai and Beijing. Indeed, locations span from tier-one cities to tier-three cities, broadening the brand’s geographical reach.

    Baozun has set a target of approximately 30% annual growth over the coming two years. The strategy for achieving this ambitious goal blends physical retail development with a fortified online presence.

    Vincent Qiu, the chairman and CEO of Baozun, has publically expressed the brand’s readiness to “accelerate the business and scale it to a bigger size” within the next three-year period.

    In addition to its expansion in Greater China, Gap is also gearing up to make a return to the Australian market. The company will do so through a collaborative partnership with Myer. Despite forming part of its wider international strategy, this Australian venture remains secondary to Gap’s primary focus on Greater China.

    Questions & Answers

    What plans does Gap have for expansion in Greater China?
    Gap plans to open 50 new stores across mainland China this year and re-enter the Hong Kong market.

    What is Baozun’s growth target for the next two years?
    Baozun aims to achieve around 30% annual growth over the next two years by combining physical retail expansion with a stronger online presence.

    Is Gap planning to re-enter any other markets?
    Yes, Gap is preparing to re-enter the Australian market through a partnership with Myer as part of its broader international strategy. However, this remains secondary to the company’s focus on Greater China.

  • Gap Inc. Partners With Google Cloud, Leveraging Ai To Revolutionize Retail And Customer Experience

    Gap Inc. Partners With Google Cloud, Leveraging Ai To Revolutionize Retail And Customer Experience

    Gap Inc. has joined forces with Google Cloud in a multi-year partnership aimed at fast-tracking the company’s tech strategy through the application of artificial intelligence (AI). The overarching objective is to bolster operations and improve consumer interactions throughout its various brands.

    Harnessing the Power of AI

    According to Sven Gerjets, Gap Inc’s Chief Technology Officer, the company is embracing AI as a transformative tool in retail, building its future tech roadmap around it.

    He stated, “This partnership offers us the proficiency and speed to integrate AI throughout our operations, enabling our teams, igniting creativity, and delivering to our customers more swiftly and with a higher degree of personalisation than ever before.”

    The collaboration with Google Cloud will equip Gap with a cohesive, AI-powered platform devised to enhance product development, planning, and pricing processes. This will spark creativity and efficiency across all its brands, which include Old Navy, Gap, Banana Republic, and Athleta.

    To facilitate product design, customer experience, and employee enablement, Gap will utilize Google Cloud technologies such as Gemini, Vertex AI, and BigQuery.

    Reinventing Retail with AI

    Thomas Kurian, CEO of Google Cloud, expressed his enthusiasm about the partnership, saying it’s about revolutionising the retail landscape with AI and supporting Gap in leading the industry in terms of speed, personalisation, and game-changing customer experiences.

    With AI, Gap envisages creating a hyper-personalised shopping experience for consumers, enabling stronger storytelling and relevance to engage a wider audience. Furthermore, Google AI will assist Gap in optimizing ad placements and fortifying omnichannel marketing through Google Ads.

    Gap has already begun leveraging AI tools to aid employees in decision-making and execution, thereby enhancing efficiency.

    Sven Gerjets stated, “By re-engineering our workflows and empowering every employee with AI, we are allowing Gap Inc teams to concentrate on creativity, culture, and customer connection, while preserving the company’s human-centric DNA at the heart of innovation.”

    Questions & Answers

    What is the aim of the partnership between Gap Inc and Google Cloud?
    The partnership aims to accelerate Gap Inc’s tech strategy through AI, thereby improving operations and customer experiences across all of its brands.

    How will Gap Inc implement Google Cloud technologies?
    Gap Inc will utilize Google Cloud technologies to enhance product development, planning, and pricing procedures, and streamline product design, customer experience, and employee enablement.

    How will AI effect the shopping experience for Gap Inc’s customers?
    With AI, Gap Inc aims to create a hyper-personalised shopping experience for customers, enabling stronger storytelling and reach to a wider audience.

  • GAP’s Katseye Campaign Dominates Summer 2025: The Power Of Nostalgia And Celebrity In Retail Marketing

    GAP’s Katseye Campaign Dominates Summer 2025: The Power Of Nostalgia And Celebrity In Retail Marketing

    The summer of 2025 was a season marked by memorable retail marketing campaigns. One instance that caused a significant stir was the American Eagle campaign featuring Sydney Sweeney, a popular actress from the series “Euphoria”. Another campaign that went viral was Gap’s launch featuring the girl group Katseye. These campaigns created a major buzz in the retail industry, one after another, throughout the summer.

    The Most Effective Campaign

    Among the numerous campaigns that ran during the summer, there was a particular focus on identifying the most effective in capturing consumers’ attention and boosting sales metrics. A consensus among four retail analysts and marketing experts identified the Gap campaign featuring Katseye as the standout event of the season.

    According to Christine Russo, principal of Retail Creative and Consulting Agency (RCCA) and host of the retail podcast “What Just Happened”, the key themes of this summer were denim and celebrity. Three of the most viewed and impactful ads incorporated these elements: Gap x Katseye, American Eagle x Sydney Sweeney, and Levi’s x Beyoncé. Russo singled out the Gap x Katseye campaign as the most impactful, attributing its success to perfect cultural timing, and a blend of Gap’s nostalgic appeal with a modern, inclusive Gen Z appeal.

    By capitalising on the celebrity status of an internationally recognised girl group, nostalgic storytelling, and an emphasis on inclusivity, Gap’s campaign stood out among the myriad denim campaigns that took place this summer.

    Factors Contributing to Gap x Katseye Campaign’s Success

    Melissa Minkow, CI&T’s global director of retail strategy, remarked that it’s rare for a viral campaign to be universally loved. Yet, she noted that Gap’s Katseye campaign received high praise across the board. A catchy, nostalgic song choice, captivating dancing, and versatile denim showcasing were contributing factors to its success.

    Minkow explained that the campaign was creative, without veering into esoteric territory, and included elements that appealed to multiple generations, including Gen Alpha, Gen Z, millennials and Gen X. The choice of Katseye, a rising group adored by younger consumers, underlined the importance of choosing a celebrity who is not only globally recognised, but also culturally aligned with the brand.

    Bethany Paris Ramsay, a brand strategist and marketing consultant, concurred with Russo and Minkow, stating that the Gap x Katseye campaign was arguably “one of the strongest retail marketing plays we’ve seen in years”. The campaign was able to feel both nostalgic and fresh; a combination that is incredibly challenging to achieve in today’s trend-weary market.

    Ramsay compared the Gap x Katseye campaign favorably to American Eagle’s Sydney Sweeney ‘great jeans’ campaign, which she believed missed the cultural mark and felt forced. The Gap x Katseye campaign was not merely about selling a product, but about reaffirming brand identity in a manner that was aspirational yet accessible. This, Ramsay emphasised, is the aim of retail marketing at this time.

    Performance of the Gap x Katseye Campaign Post-Launch

    Russo highlighted post-campaign metrics as indicative of success. While both American Eagle and Gap campaigns went viral, the staying power of each was evident a few weeks after release.

    Gap’s Katseye campaign generated 8 billion impressions across various social media platforms, as stated by Gap Inc CEO Richard Dixon. The campaign also prompted significant user-generated content, with fans recreating Katseye’s dance moves or making light-hearted parody videos. In comparison, the American Eagle Outfitters campaign dropped to much fanfare but did not have a lasting social impact.

    Other Noteworthy Campaigns in Summer 2025

    Despite Gap’s clear victory in the unofficial marketing battle of the summer, other campaigns also made notable impressions.

    Melissa Minkow spotlighted Chamberlain Coffee’s collaborative campaign with Pinterest as another excellent marketing strategy for the summer. This was the first time either brand had collaborated with another, and the campaign benefited from the celebrity-brand synergy.

    Neil Saunders, Global Data’s managing director, highlighted Nike’s recent “Why Do It?” campaign as another standout marketing moment of the summer. The campaign spoke to the younger generation’s fears and aspirations, showing that Nike was looking to create a stronger cultural connection.

    Questions & Answers

    What made the Gap x Katseye campaign so successful?
    One major reason for its success was its ability to blend nostalgia with a fresh appeal that resonated with both long-time Gap loyalists and a younger audience seeking authenticity and originality.

    What were the post-launch metrics of the Gap x Katseye campaign?
    Gap’s Katseye campaign generated 8 billion impressions across various social media platforms, indicating its widespread reach and impact.

    Which other campaigns were highlighted as notable?
    Other campaigns that stood out during the summer of 2025 included American Eagle’s featuring Sydney Sweeney, Chamberlain Coffee’s collaboration with Pinterest, and Nike’s “Why Do It?” campaign.

  • Gap Inc. Expands Into Beauty Market: Pilot Launch In Old Navy Stores This Fall

    Gap Inc. Expands Into Beauty Market: Pilot Launch In Old Navy Stores This Fall

    As part of a strategic move intended to diversify its revenue, Gap Inc. is stepping outside its primary clothing retail focus to launch a pilot of beauty and personal care products in Old Navy stores this fall.

    Pilot Launch in Old Navy Stores

    Gap Inc. plans to introduce a specially chosen array of beauty and personal care items in 150 Old Navy brick-and-mortar outlets, with some of these locations featuring dedicated shop-in-shop areas managed by Beauty Associates. The product line will encompass a variety of skincare, makeup, haircare, and nail polish products, each designed to be accessible to a mass-market audience.

    Expansion Plans

    The company has plans to extend the beauty product offerings to its Gap-branded stores starting next year, initiating with the introduction of fragrances. Furthermore, there are plans to increase the accessories category across the entirety of its brands.

    Strategy behind the Expansion

    In its statement, Gap Inc. highlighted that the beauty and personal care market is among the fastest growing and most robust retail categories in the United States, with projections suggesting it will exceed $100 billion by 2025. The company has recognized a significant opportunity to branch out into this category and has plans for a phased launch.

    The decision to diversify comes as Gap Inc. continues to adapt to various macroeconomic challenges, including increased tariffs and subdued consumer spending. By reducing its reliance on apparel, the company hopes to appeal to a wider consumer base.

    Previous Growth

    Last month, Gap Inc. reported an increase in comparable sales for the second quarter, which was driven by improved results across its three core brands: Gap, Banana Republic, and Old Navy.

    Questions & Answers

    What is Gap Inc.’s new strategic move?
    Gap Inc. is diversifying its focus from clothing retail to include beauty and personal care products, starting with a pilot launch in Old Navy stores this fall.

    How does Gap Inc. plan to introduce this new category?
    Gap Inc. will introduce a curated range of beauty and personal care products in 150 Old Navy stores. Some of these stores will feature dedicated shop-in-shop areas managed by Beauty Associates.

    What factors have led Gap Inc. to diversify its offerings?
    Gap Inc. is facing several macroeconomic challenges, including increased tariffs and subdued consumer spending. By diversifying its offerings, the company aims to reduce its reliance on apparel and appeal to a wider consumer base.

  • Gap, Old Navy power parent company’s sales growth in first quarter

    Gap, Old Navy power parent company’s sales growth in first quarter

    Gap, a leading global retailer, has demonstrated an impressive performance in its first quarter. The company’s success is primarily attributable to the robust results from its principal brands, Gap and Old Navy.

    First Quarter Sales Surge

    The company reported a 2% increase in net sales for the quarter ending May 3, amounting to a total of $3.5 billion. Comparable sales, which are a critical measure of a retailer’s health, also followed the same upward trend.

    Increased Income

    Gap also saw a substantial rise in its financial earnings. The firm’s operating income, which offers insight into the company’s profitability from core operations, experienced a notable 26.8% increase, reaching $260 million. Meanwhile, net income, an essential indicator of a business’s profitability after all costs and taxes, jumped by 22%, totaling $193 million.

    The Gap and Old Navy Shine

    Despite the challenging trading environment triggered by a cold start to the spring season that disrupted new season apparel sales and cautious consumer behavior, Gap Inc. still saw significant sales uplift. The Gap brand was the star performer, reporting a notable 5% increase in comparable sales. This progress validates the company’s strategy of revamping the Gap brand to make it more relevant and inject it with fresh appeal and interest.

    Questions & Answers

    What was the net sales increase for Gap Inc. in the first quarter?
    The net sales for Gap Inc. in the first quarter increased by 2%, totaling $3.5 billion.

    How much did the operating income and net income increase?
    The operating income rose by 26.8%, amounting to $260 million, while the net income increased by 22%, totaling $193 million.

    Which brand performed the best in this quarter?
    The Gap brand delivered the best performance, demonstrating a 5% increase in comparable sales.

  • Gap appoints Chris Blakeslee president and CEO of Athleta

    Gap appoints Chris Blakeslee president and CEO of Athleta

    Gap announced that it is appointing Chris Blakeslee as the new President and CEO of Athleta, joining the company August 7. In this role, Blakeslee will drive strategic growth for the portfolio’s nearly $1.5 billion1 women’s active and lifestyle brand, and certified B Corporation, building on the foundation of Athleta’s product innovation and its mission to ignite a community of active, healthy, confident women and girls who empower each other to reach their true potential through the ‘Power of She.

    Blakeslee brings broad expertise in the apparel retail and wholesale industries, holding roles across marketing, sales, product portfolio management, operations, and supply chain, serving most recently as President of sister companies Alo Yoga and Bella+Canvas since 2017. In that time, Alo Yoga grew to over $1 billion in sales in 2022, nearly doubling its year-over-year growth.

    “A true brand champion, Chris is known for driving results in high-growth businesses through the blend of creativity and operational rigor,” said Bob Martin, Executive Chairman and Interim CEO, Gap Inc. “Chris is a strong, decisive leader and proven business driver across multiple industries, including active apparel and wellness – one of the fastest and most aspirational retail sectors – making him well suited to guide Athleta into long-term, sustainable growth rooted in delivering high-quality performance product and a rich omni shopping experience.”

    “I’m thrilled to join the Gap Inc. team and to lead Athleta – a brand I’ve long admired. I see incredible runway for the brand to capitalize on its unique, purpose-led positioning and performance product innovation, leveraging its assets across marketing, stores, product and community to deliver consistent growth,” said Blakeslee. “There is something really captivating about the ‘Power of She’ when it comes to engaging women and girls in all aspects of life, and I can’t wait to jump in with the teams to harness this in a way that will further serve customers’ wants and needs.”

    Blakeslee joins a strong and dedicated Athleta leadership team, including Chief Creative Officer, Julia Leach, who was appointed in May to clearly and consistently articulate the brand voice and vision across all its touch points.

  • Reliance Retail opens first freestanding GAP store in Mumbai

    Reliance Retail opens first freestanding GAP store in Mumbai

    In this second phase, after opening over 50 Gap shop-in-shops since last year, Reliance Retail will help open a series of freestanding Gap stores across the country in the coming months.

    New Delhi: Reliance Retail, on Friday, has opened the first freestanding Gap store in India at Mumbai’s infiniti Mall, Malad, the company announced in a media release. This launch is in line with the long-terme partnership of the two firms as Reliance Retail is the official retailer for GAP across all channels in India.

    In this second phase, after opening over 50 GAP shop-in-shops since last year, Reliance Retail will help open a series of freestanding GAP stores across the country in the coming months.

    Akhilesh Prasad, President and CEO, Fashion & Lifestyle, Reliance Retail Limited, said: “While the opening of freestanding stores is an important driver of GAP’s long-term growth plan in India, it also gives us yet another opportunity to bring world-class brands and a differentiated shopping experience to our discerning Indian consumers.

    Currently, Reliance Retail is India’s largest retailer with established competencies in operating robust omnichannel retail networks and scaling local manufacturing and driving sourcing efficiencies. Through this partnership, Reliance Retail will bring Gap’s shopping experience to customers across India through a mix of exclusive brand stores, multi-brand stores, multi-brand store expressions and digital commerce platforms. The global lifestyle retailer Gap, founded in San Francisco in 1969, said it has a strong vision of doing more than selling clothes.
    Adrienne Gernand, Managing Director of International, Global Licensing and Wholesale at Gap Inc said, “Growing Gap’s brick-and-mortar business through the launch of freestanding stores and multi-brand store expressions enables us to increase accessibility for Indian customers and meet them where they are shopping.”

  • Gap to sell Greater China units to e-commerce firm Baozun

    Gap to sell Greater China units to e-commerce firm Baozun

    US apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world’s second-largest economy.

    Dealmakers have seen opportunities for merger and acquisitions involving multinational firms that look to spin off their China units, as growth outlook in the country grappling with strict Covid-curbs remains uncertain amid intensifying competition with domestic brands.

    Earlier this year, American fast fashion retailer Forever 21 made its third effort to enter China after having left the market twice, while major sportswear companies Nike and Adidas lost ground to local brands Li Ning and Anta in recent years.

    China’s Baozun said its unit would acquire Gap Shanghai Commercial and Gap Taiwan Ltd, which operate the whole business of Gap Greater China, with a primary deal size of $40 million and no more than $50 million for adjustment.

    The Shanghai entity reported a net loss after tax of 256 million yuan ($35.34 million) for 2021, compared with 456.3 million yuan a year earlier, Baozun said in a filing. The Taiwan entity reported a post-tax net loss of T$199.8 million ($6.24 million) for the year ended January 29, 2022.

    The transaction is subject to regulatory approval and expected to be effective in the first half of 2023, Baozun said.

    Separately, Baozun said Gap has granted it an exclusive right to manufacture and sell its products in Greater China area. The arrangement can last two decades, with an initial term of 10 years that can be renewed twice for each five-year term.

  • Gap eliminates 500 corporate jobs amid shrinking margins

    Gap eliminates 500 corporate jobs amid shrinking margins

    Gap Inc is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at brands including Old Navy.

    The company is laying off staff and eliminating positions that are currently open across a range of departments, it said. The eliminated roles are mainly at its offices in San Francisco, New York and in Asia.

    Shares of the Banana Republic parent declined about 3 per cent in afternoon trade, taking the year-to-date decline to 48 per cent.

    Late last month, the company withdrew its annual forecasts due to an inventory glut and weak sales.

    Gap is in the middle of a CEO transition after Sonia Syngal stepped down earlier this year, and is currently led on an interim basis by Executive Chairman Bob Martin. The company had a workforce of about 97,000 employees as of Jan. 29, with around 9 per cent of employees working at its headquarters locations, according to a regulatory filing.

  • Gap CEO walks the plank as Old Navy’s woes worsen

    Gap CEO walks the plank as Old Navy’s woes worsen

    Gap shares slid more than 18% Friday after the company slashed its sales outlook for the first quarter of fiscal 2022, citing what it called “execution challenges” its Old Navy business, and announced the CEO of that division, Nancy Green, will leave her post this week.

    Gap is now projecting low- to mid-teens declines compared with the prior year, adjusted from an earlier forecast that called for mid- to high-single-digit declines.

    Chief Executive Sonia Syngal will work closely with the Old Navy team as it searches externally for Green’s successor, the company said Thursday evening.

    News of Green’s abrupt departure comes as Gap struggles to weather continued logistics disruptions and rising inflation that threatens to curtail consumer spending.

    A snarled supply chain has been particularly hard on its Old Navy division, which targets a lower-income consumer, the company said when it reported quarterly results in early March. Delayed shipments have meant the retailer hasn’t had enough merchandise on hand to meet shopper demand in some instances.

    In its fiscal fourth quarter, same-store sales at Old Navy were flat compared with 2019 levels.

    Gap said Thursday that it has also taken a “more aggressive approach” to balancing its merchandise assortment at Old Navy, which has resulted in higher promotional levels. It didn’t further clarify the issue, but more markdowns are likely weighing on the retailer’s profits.

    Gap said it will provide an updated fiscal 2022 outlook when it reports quarterly results on May 26.

    “As we look to seize Old Navy’s potential, particularly amidst the macroeconomic dynamics facing our industry, we believe now is the right time to bring in a new leader,” Syngal said, regarding Green’s departure.

    She added that the company is looking for someone with the “operational rigor and creative vision” to execute on the retailer’s plan.

    Gap’s stock is down about 35% year to date including Friday’s declines.

  • Reliance Retail inks franchise deal with Gap

    Reliance Retail inks franchise deal with Gap

    Reliance Retail Ltd on Wednesday announced its long-term partnership with Gap and plans to bring the iconic American fashion brand to India.

    “Through a long-term franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India,” said a joint statement.

    Reliance Retail will introduce Gap’s offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.

    “The partnership is aimed at leveraging Gap’s position as a leading casual lifestyle brand and Reliance Retail’s established competencies in operating robust omni-channel retail networks and scaling local manufacturing and driving sourcing efficiencies,” it said.

    Founded in San Francisco in 1969, Gap is considered as an authority on modern American style. It continues to build on its heritage grounded in denim and connect with customers online and in company-operated and franchise retail locations globally.

    Reliance Retail CEO, Fashion & Lifestyle, Akhilesh Prasad said: “We believe that Reliance and Gap complement each other in their vision to bring industry-leading fashion products and retail experiences to their consumers.”

    Managing Director of International, Global Licensing and Wholesale at Gap Inc Adrienne Gernand said: “Partnering with regional experts, like Reliance Retail in India, allows us to deliver our relevant, purpose-driven brand to customers around the globe, while continuing to diversify our business portfolio through our partner-based model.”

    Reliance Retail is a subsidiary of Reliance Retail Ventures Ltd (RRVL), the holding company of all the retail companies under the Reliance Industries Ltd group.

    RRVL reported a consolidated turnover of Rs 1,99,704 crore ($26.3 billion) for the year ended on March 31, 2022.

    Gap Inc products are available for purchase worldwide through company-operated stores, franchise stores and e-commerce sites. Its net sales for the fiscal year 2021 was at $16.7 billion.

  • Gap buys AI tech business

    Gap buys AI tech business

    Gap is investing on AI and machine learning technology through the acquisition with the New York and Tel Aviv-based start-up Context-Based 4 (CB4).

    CB4’s technology has been implemented by several fashion retailers, including Levi’s, Urban Outfitters, Lidl, and Kum & Go. Gap says the acquisition will help it transform its retail operations and improve the customer experience by enhancing predictive analytics and demand sensing.

    “We believe artificial intelligence and machine learning will shape the future of our industry,” said Sally Gilligan, chief growth transformation officer and head of the strategic growth office at Gap.

    “We understand the impact and the wide applications their science can have across sales, inventory and consumer insights, as well as its potential to unlock value and enhance the customer experience.”

    Since moving to the cloud last year, Gap has increased its investments in technology to enable growth and innovation that can impact its entire portfolio of brands. The value of the CB4 deal has not yet been disclosed.

    Before acquiring CB4, Gap bought e-commerce startup Drapr, which powers 3D-fit technology and virtual fitting rooms to reduce returns of online sales. Its strategic growth office also participated in the latest funding round for Obe Fitness, a digital fitness platform that partners with Gap’s Athleta Brand to bring entertainment, pop culture and design to fitness.

  • US apparel companies seek speedy vaccination of Vietnamese workers

    US apparel companies seek speedy vaccination of Vietnamese workers

    The American Apparel & Footwear Association (AAFA) has requested the U.S. and Vietnam governments to speed up the distribution of vaccines to major suppliers of Adidas, Gap and other brands.

    “We urge you to dramatically ramp up distribution of vaccines, including America’s stockpile of AstraZeneca vaccines, to countries like Vietnam now,” Steve Lamar, president and CEO of the association, said in a letter to U.S. President Joe Biden.

    Immediate and dramatic action by the U.S. will not only save millions of lives worldwide but could also promote America’s economic recovery, he added.

    Vietnam is the second-largest supplier of apparel, footwear and travel goods to the U.S., accounting for 20 percent of all U.S. imports, he said.

    “This is why the success of the U.S. apparel and footwear industry, and our three million American workers, is directly dependent on our suppliers around the world, including those in Vietnam, having healthy workforces,” he wrote.

    In a separate letter to Prime Minister Pham Minh Chinh, Lamar urged that the Vietnamese government takes “several key emergency actions to help control the spread of Covid-19, particularly in the south, to thwart a growing humanitarian crisis.”

    The U.S. has already provided five million doses, but the association is advocating that the government supplies more on an urgent basis, he said.

    Vietnam, particularly southern localities, is experiencing a severe Covid-19 wave that has recorded over 116,900 infections since the end of April, in which Ho Chi Minh City accounts for 66 percent.

    Major suppliers for global brands like Adidas and Nike in the country have shut down operations or operating at limited capacity under strict social distancing orders.

  • Gap to close all 81 stores across the UK, Ireland

    Gap to close all 81 stores across the UK, Ireland

    The firm said it would close all its stores “in a phased manner” between the end of August and the end of September.

    This includes 19 stores that were already scheduled to close in July as their leases were expiring.

    The company has not disclosed how many employees the closures will affect, but will shortly start a consultation process with the staff.

    The firm said it was “not exiting the UK market” and would continue to offer a web-based store when all the shops had closed.

    A Gap spokesperson said the decision followed a strategic review of its European business.

    Gap was a big hit when it first opened in the UK back in 1987, famous for its hoodies and sweatshirts. But in recent years, it has struggled to stay relevant, resorting to prolific discounting to pull shoppers in. That left Gap in a weak position to withstand the turmoil of a global pandemic.

    It launched a strategic review of its entire European operations last autumn, warning that it was considering closing all its UK stores. Just a few weeks ago, 19 store closures were announced – now the rest of them will close as well.

    Gap blamed what it described as market dynamics – in other words, the huge shift to internet shopping. It’s going online-only, just like Debenhams and Sir Philip Green’s Arcadia group. It’s yet another famous name bidding a retreat from our High Streets, adding to the challenge of what to do with empty shops.

    The closure is because Gap failed to keep up with the competition by not offering enough variety or being as cheap as competitors such as Primark.

    “The brands you want to shop within physical retail have to have so much more than just products on offer, they have to have a purpose,” she says.

    The company said it was in negotiations with another firm to take over all of its French stores.

    In Italy, Gap said it was in discussions with a partner for the potential acquisition of the stores there.

    “We believe in Gap’s global brand power. We are executing against Gap’s Power Plan and partnering to amplify our global reach,” the spokesperson said.

    “We are not exiting the UK market. We will continue to run and operate our Gap e-commerce business in the United Kingdom and Republic of Ireland.”

    A source close to the company said that it had seen rapid uptake of internet shopping for its clothes in the UK since the pandemic-enforced lockdowns.

  • Gap sells Janie and Jack children’s fashion label

    Gap sells Janie and Jack children’s fashion label

    As part of a three-year strategic plan to focus its four largest brands — Old Navy, Gap, Banana Republic and Athleta — Gap Inc. said it will sell its children’s business to investment firm Go Global Retail on Thursday.

    Gap bought Janie and Jack in 2019 for $35 million from Gymboree Group Inc. It has a web business and counts 115 stores in the US. The terms of the deal were not disclosed.

    In March, Gap Inc said it was reviewing Intermix, a multi-brand retailer and contemporary fashion, and recorded a $56 million impairment chart for the business. Last year, Gap Inc shut down another smaller sub-label, the men’s athletic brand Hill City. The company also said it is reviewing its European business, which represents 2 percent of total sales.