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Gap Inc Announces Pricing Of Offering Of $2.25 Billion Of Senior Secured Notes
Gap Inc - Expect Material Impacts From Evolving COVID-19 Pandemic
Gap To Furlough Majority Store Teams In U.S. And Canada
The Gap, Inc. (Gap Inc.) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services. In addition to operating in the specialty, outlet, online and franchise channels, it also uses the Company's omni-channel capabilities to bridge the digital world and physical stores. Its omni-channel services, including order-in-store, reserve-in-store, find-in-store and ship-from-store are tailored across its portfolio of brands. It also sells products that are designed and manufactured by branded third-parties, especially at its Intermix brands. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Hong Kong, Taiwan, and Mexico.
2 Folsom St
SAN FRANCISCO, CA
Bobby L. Martin
Executive Chairman of the Board
President, Chief Executive Officer, Director
Chief Financial Officer, Executive Vice President
President, Chief Executive Officer - Banana Republic
Mary Beth Laughton
President and Chief Executive Officer of Athleta
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U.S. apparel chain Gap Inc <GPS.N> is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact during the coronavirus pandemic, the company told Reuters.
Abercrombie & Fitch Co <ANF.N> and cash-strapped Gap Inc <GPS.N> on Wednesday laid out plans to reopen stores in areas where lockdown curbs have eased, while also introducing social-distancing measures.
Gap Inc <GPS.N> warned on Thursday it may not survive the next 12 months intact and would need to borrow more funds in the face of widespread coronavirus shutdowns that have crippled the business of clothing retailers globally.
Gap Inc said on Thursday its existing cash levels and credit facilities may not be sufficient to run its business and it would have to take additional measures such as job cuts and new debt financing within the next 12 months to boost its liquidity.
Major U.S. retailers Macy's Inc <M.N>, Kohl's Corp <KSS.N> and Gap Inc <GPS.N> said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread of the coronavirus outbreak.
Gap Inc <GPS.N> on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire $500 million credit facility as the apparel retailer looks to weather the coronavirus crisis.
Gap Inc said on Thursday it would suspend its regular quarterly cash dividend for the rest of the year and draw down the entire $500 million on its revolving credit facility as it looks to soften the blow from the coronavirus pandemic. (Reporting by Saumya Sibi Joseph in...
Retailers Canada Goose Holdings Inc and Gap Inc said they would begin production of medical gear for healthcare workers and patients to aid the battle against the coronavirus pandemic.
U.S. clothing retailer Gap Inc and luxury department store operator Neiman Marcus will close their stores for two weeks, joining other retailers in a vast effort to stem the spread of the novel coronavirus.
* GAP-CO WILL TEMPORARILY CLOSE ITS OLD NAVY, ATHLETA,BANANA REPUBLIC, GAP,JANIE AND JACK AND INTERMIX STORES ACROSS NORTH AMERICA, EFFECTIVE MARCH 19
Gap Inc <GPS.N> leaned on its turnaround plan to forecast 2020 profit above market expectations on Thursday, but flagged a $100 million sales hit in Asia and Europe from the coronavirus, which has also started impacting its home market.
Gap Inc said on Thursday it expected a $100 million hit to first-quarter sales due to the impact of the fast-spreading coronavirus in Asia and Europe.
Apparel retailer Gap Inc <GPS.N> on Thursday named long-time executive Sonia Syngal as its new chief executive officer, nearly four months after the surprise exit of its then chief Art Peck.
Apparel retailer Gap Inc on Thursday named long-time executive Sonia Syngal as its new chief executive officer, nearly four months after the surprise exit of its then chief Art Peck.
Gap Inc <GPS.N> on Thursday scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped full-year earnings, sending its shares up about 4%.
Gap Inc said on Thursday it no longer intended to spin-off its Old Navy brand, citing costs complexity and weak business performance. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)
Gap Inc <GPS.N> edged past lowered expectations for quarterly profit on Thursday and reiterated its plan to separate Old Navy from the namesake brand, days after the retailer cut its annual forecast and replaced longtime chief executive officer.
Gap Inc <GPS.N> said on Thursday it would not sell its Old Navy apparels in China from early 2020 and instead would focus on its North America market to boost sales.
Gap Inc on Thursday reported better-than-expected quarterly net sales, nearly two weeks after the retailer's longtime Chief Executive Officer Art Peck stepped down, sending its shares up 4%.
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