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Gap Inc

The Labor Department has added a major national retailer, Gap Inc., to its list of "good guy" businesses that have pledged to take extra precautions to avoid selling garments produced in sweatshops. Agency officials hope enlisting the big-name San Francisco-based company will encourage other apparel retailers and manufacturers to join its new campaign to squeeze out rogue contractors that violate labor laws.
April 15, 2014 | By Booth Moore, Los Angeles Times Fashion Critic

This post has been corrected, as indicated below.

It's the beginning of a new era for mall mega-brand Banana Republic . It was announced today that the brand's new creative director will be Marissa Webb , a veteran of J. Crew, who has her own casual contemporary label that is sold in stores such as Barneys New York. Webb replaces Simon Kneen, who was with Banana Republic from 2009 to December 2013, during which time the core collections became increasingly dull, and the brand lost ground to J. Crew, H&M and other specialty retailers.
October 14, 2003
* Gap Inc. named Nick Cullen head of supply chain and Michael Tasooji chief information officer, replacing executives who worked under Gap's former chief executive.
February 19, 2014 | By Stuart Pfeifer
Gap Inc., the global fashion retailer, said it plans to raise the minimum wage for its U.S. employees to $9 an hour this year and $10 an hour by 2015. The move will directly benefit 65,000 U.S. employees at Gap's six retail chains, which include Gap, Old Navy and Banana Republic stores. Gap's announcement comes amid a nationwide debate about the minimum wage. President Obama praised Gap's decision and urged Congress to pass a bill that would raise the nation's minimum wage to $10.10 an hour from the current $7.25 an hour.
July 22, 1993 | From Times Staff and Wire Reports
Millard Drexler Named Gap Inc. Chief Operating Officer: Drexler, also president of the San Francisco-based apparel company, succeeds Robert J. Fisher, who becomes executive vice president and chief financial officer.
October 12, 2005 | From Bloomberg News
Gap Inc. has hired Charlotte Neuville as executive vice president of design and product development as the retailer tries to reverse a sales slump. Neuville replaces Pina Ferlisi as Gap's design chief, the company said. Ferlisi, 39, who has been with Gap since March 2003, left the company this week.
March 31, 2005 | From Bloomberg News
Retailer Gap Inc. named Lauri Shanahan chief compliance officer, replacing Anne Gust, who is leaving the company and plans to marry Oakland Mayor Jerry Brown. Shanahan, 42, will take over May 13, when Gust leaves, San Francisco-based Gap said.
June 14, 2007 | From Times Wire Services
Clothing retailer Gap Inc. said it had struck a deal with two franchisees to open 90 Gap stores and 20 Banana Republic stores in Saudi Arabia and Turkey over the next five years. San Francisco-based Gap said its franchisees were Fawaz Alhokair Group in Saudi Arabia and Fiba Holding in Turkey.
May 21, 2010 | By Andrea Chang, Los Angeles Times
Apparel company Gap Inc. reported robust first-quarter profit Thursday and said sales grew across all of its brands. For the three months that ended May 1, the San Francisco retailer said profit rose 40% to $302 million, or 45 cents a share, compared with $215 million, or 31 cents, in the same period a year earlier. "We got off to a great start this year," Chief Executive Glenn Murphy said in a statement. "Fueled by our strengthened economic model, we're in a strong position to execute on our international and online strategic investments as we continue to build upon the momentum in North America."
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.
November 22, 2007 | Leslie Earnest, Times Staff Writer
Sharply higher profit didn't win Gap Inc. any respect from Wall Street on Wednesday, as investors disappointed by the retailer's annual earnings projection whacked 6% off the price of its shares. Gap's earnings jumped 26% in the third quarter despite flat sales, the company said, because it reined in its inventory and slashed marketing costs. Net income was $238 million, or 30 cents a share, compared to $189 million, or 23 cents a share, in the comparable period last year.
October 29, 2007 | From Bloomberg News
Gap Inc., the biggest U.S. clothing retailer, said it would meet with suppliers to reinforce its manufacturing policies after a newspaper investigation reported that a subcontractor in India was using children to make clothes. The company withdrew a line of beaded children's blouses scheduled to be in stores in the U.S. and Europe before Christmas after learning of the violation, the London-based Observer said Sunday.
September 29, 2007 | From the Associated Press
A laptop computer containing personal information of 800,000 people who applied for jobs at Gap Inc. has been stolen, the clothing retailer announced Friday. The laptop stored Social Security numbers and other data from people who applied online and by phone from July 2006 to June 2007 for jobs at Gap, Old Navy, Banana Republic and Outlet stores.
September 22, 2007 | Leslie Earnest, Times Staff Writer
Gap Inc. is hiring celebrity designer Todd Oldham as design creative director for its struggling Old Navy chain. Oldham, who also has design deals with La-Z-Boy and Target, will develop a line under his label to sell exclusively at Old Navy stores, Gap said Friday. Dawn Robertson, president of the Old Navy division, called the pairing "a huge win for both of us" and said Oldham, 45, would help "elevate and evolve" the brand.
August 24, 2007 | Leslie Earnest, Times Staff Writer
Gap Inc. on Thursday logged its first earnings gain in seven quarters but joined other California apparel retailers in lowering profit projections more than expected as shoppers looked to bag ever bigger bargains. Taking a cue from customers, many retailers have adopted a cautious mood. Among those trimming forecasts for the current quarter are Anaheim-based Pacific Sunwear of California Inc., Foothill Ranch-based Wet Seal Inc. and Bebe Inc. of Brisbane.
August 17, 2007 | From the Associated Press
While Gap Inc.'s stores have been disappointing shoppers and investors, the factories making the retailer's clothes have been treating workers better, according to the company's latest assessment of its labor practices. The update released Thursday marked the third time the owner of the Gap, Old Navy and Banana Republic chains had publicly critiqued the conditions in overseas factories often derided as "sweatshops" because of abuses inflicted on employees.
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