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BUSINESS
October 14, 2011 | By Andrea Chang, Los Angeles Times
Long-struggling Gap Inc. is closing nearly 200 stores and downsizing others in the U.S. as it focuses on international expansion, the San Francisco company said Thursday. The apparel giant — parent to the Gap, Banana Republic and Old Navy chains — plans to reduce the number of Gap brand stores in North America to 700 by the end of 2013, a 21% decrease from the 889 that it operated at the end of July. A Gap Inc. spokeswoman said the company wouldn't reveal which stores would close.
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BUSINESS
September 23, 2008 | From Times Wire Services
Gap Inc. agreed to buy Athleta Inc. for about $150 million in cash to boost Gap's offerings of women's athletic apparel. Athleta, based in Petaluma, Calif., sells its products through catalogs and on its website. Gap, based in San Francisco, plans to sell the clothing online along with the Old Navy, Banana Republic, Gap and Piperlime brands. Gap shares fell 27 cents to $18.81. The purchase was announced after markets closed.
BUSINESS
January 29, 2003 | From Bloomberg News
Gateway Inc., the third-largest U.S. personal computer maker, hired four executives as it tries to return to profitability after losses in eight of the last nine quarters. William Parker will take on the newly created positions of president and general manager of Gateway's retail stores, the company said. Parker was formerly senior vice president for operations at Banana Republic stores, a division of Gap Inc.
CALIFORNIA | LOCAL
June 1, 2001
Am I the only reader who cracked up at the image of Secretary of State Colin Powell finger-waggingly lecturing Kenya's president about "free and fair elections" (May 27)? I had deluded myself that our own banana republic debacle in Florida last fall would at least force the U.S. to think twice before holding ourselves up as the model for the world. A vain hope. Such restraint would require a modicum of self-reflection and capacity for embarrassment on our part, not two of our strong points.
CALIFORNIA | LOCAL
May 4, 1991
Conrad's cartoon showing a gun with a comma for a trigger (in the wording of the Second Amendment) is typical of the insidiousness of your message on gun control (April 28). You would trash the Second Amendment and confiscate guns from law-abiding citizens except for the military and other "proper authorities." Your banal attempt at impartiality is insulting. Some day when the U.S. is just another banana republic, we'll all look back and wish for the good old days when we had the simple liberties we have now. JOHN DARST Calabasas
BUSINESS
January 2, 2000 | ABIGAIL GOLDMAN
Who will make big news in the business world this year? Who will emerge from relative obscurity to become a major player? To start the new year, Times business reporters selected people from their beats who they believe will be among those to watch in 2000--in Southern California, across the country and around the world. Some are well known, having made big news in previous years. Others are not exactly household names but nevertheless are likely to make a major impact in their fields.
NEWS
May 24, 2001 | JENNIFER LOWE, jennifer.lowe@latimes.com
I'm still looking for Prince Charming online. No, I haven't been checking out Internet dating sites. I started last fall shopping for shoes that I hoped would fit like Cinderella's glass slipper. No luck. But now, with spring, hope dawned anew. This time, I decided to look for pants, which fall into the same "need-to-try-on" category as shoes. E-tailers are working hard to overcome this tricky problem. Sites from Eddie Bauer (http://www.eddiebauer.com) to Banana Republic (http://www.
NEWS
November 27, 1998 | MIMI AVINS
If couch potatoes could swallow the ABC slogan "TV is good," why not its corollary, "Commercials are good"? Sometimes they are. Thirty- and 60-second spots that indirectly extolled the virtues of Banana Republic suede stuff for men, women and their homes were ubiquitous between the acts of such shows as "Ally McBeal," "Friends" and "NYPD Blue" in September.
BUSINESS
May 22, 2009 | Times Wire Reports
Gap Inc. reported that its first-quarter profit fell almost 14% as the clothing chain faced sluggish consumer demand during the recession, but the results narrowly beat Wall Street estimates. The San Francisco-based retailer, which operates Banana Republic and Old Navy stores as well as the Gap, said Thursday that it earned $215 million, or 31 cents a share, for the three months that ended May 2. In the same period a year earlier it earned $249 million, or 34 cents. Revenue dropped 8% to $3.13 billion.
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