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December 13, 2009
About a month ago, a friend and I were strolling through the Beverly Center, when to my surprise she asked to stop at Ann Taylor. A present for her grandmother, I assumed, but that wasn't the case. My friend, in a Balenciaga lace bandeau top and Nina Ricci ankle boots, made a beeline for a table of shiny accessories and started trying them on. Still confused as to why we were in my mom's favorite store, I spotted another young shopper, wearing beaded moccasin boots and the cover look from the Urban Outfitters catalog.
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BUSINESS
October 16, 2009 | Andrea Chang
Gap Inc., parent to the Gap, Banana Republic and Old Navy chains, announced on Thursday several moves to expand its international presence. The San Francisco company said it would open its first Gap store in China in 2010, expand its outlet store presence abroad and launch online businesses in Canada and the Britain next year. Gap brand will also return to television advertising in November after a two-year absence, the company said. "With our improved economic model, we're ready to step up our investments and strategies to regain market share and expand our international platform," Glenn Murphy, chairman and chief executive of Gap Inc., said in a statement.
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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April 19, 2009 | Melissa Magsaysay
The cliche about "green clothing" is that it's one step removed from a burlap sack with armholes and a felt applique of a peace sign or a tree. There is a lot of that genre out there -- especially T-shirts that make their "green" statement by literally being green or brown and splashing a "recycle" icon across the front. But every day there are more stylish and subtle approaches.
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
August 22, 2008 | From Times Wire Services
Apparel retailer Gap Inc. said Thursday that tight control on inventory and costs helped offset a persistent sales slump, particularly at its Old Navy stores, as fiscal second-quarter profit rose 51%. Its shares rose 69 cents, or 3.6%, to $19.70 during after-hours electronic trading. They had closed down a penny at $19.01 before the earnings news. The San Francisco-based company said profit for the three months that ended Aug. 2 rose 51% to $229 million, or 32 cents a share, from $152 million, or 19 cents, a year earlier.
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April 6, 2008 | Emili Vesilind, Times Staff Writer
MAYBE it's time to require all these companies pushing "eco-friendly" clothes to list their ingredients, soup can-style. Take Banana Republic. Its new Green Collection is made with sustainable materials such as organic cotton, soy silk and bamboo -- and spandex. A halter dress, for example, has braided hemp straps, but it also has bra-like pads sewn into the bodice made of foam rubber. A knit tank top is made from a fabric that's just 5% soy silk. That's diet green, at best.
BUSINESS
October 12, 2007 | From Times Staff and Wire Reports
Gap Inc., the largest U.S. clothing retailer, named Jack Calhoun, 43, president of its Banana Republic unit. Calhoun has served in the position on an interim basis since February. Banana Republic also started searching for a new design chief with the departure of Deborah Lloyd, 43, as of Oct. 19, San Francisco-based Gap said. Lloyd will be co-president of Kate Spade, a division of Liz Claiborne Inc.
OPINION
June 2, 2007 | Erin Aubry Kaplan, ERIN AUBRY KAPLAN is a contributing editor to Opinion.
PERFUME IS MY greatest refuge. To be blunt, it keeps the stink of the real world at bay in a way that a million other divertissements can't. Perfume is also forgiving. Unlike fashion, scent doesn't mock a would-be wearer for not being a size 4 or for having a short torso. It's the great social equalizer of luxury items.
OPINION
January 17, 2007
Re "Left out in '08," editorial, Jan. 14 Some of us believe we are getting the best now from Gov. Arnold Schwarzenegger precisely because the presidency is barred to him. Consider the careful way every declared and potential candidate for the 2008 nomination is shaping his or her thinking on every hot-button issue from Iraq to Social Security reform. Rather than bold initiatives and real vision, presidential potentials are counseled to obscure their thoughts. Leave Schwarzenegger and anyone arriving in the United States before 2010 out of any discussion to change the wording of the Constitution.
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