San Francisco — Driven by a 95% surge in online sales, San Francisco-based Gap Inc. reported a 13% increase in its comparable sales for the fiscal second quarter, which ended Aug. 1. Gap’s decision to make face masks early on in the COVID-19 pandemic paid off, bringing in $130 million in sales, according to the company. Gap has produced face masks for individuals as well as the city of New York, the state of California and Kaiser Permanente. Net sales were down 18% year over year, reflecting a 48% decline …
Gap Inc.
San Francisco — Gap Inc. has launched a B2B product program focused on offering large organizations high-quality reusable, non-medical grade cloth face masks to supply to their employees as they welcome them back to work. With the tremendous impact COVID-19 has on the world, Gap Inc. has leaned in and worked quickly to serve customers in compelling and differentiated ways. As employers look to provide their teams and customers with a safe and healthy work environment, Gap Inc. has leveraged its deep supply chain relationships and agile operations to provide …
San Francisco — Gap Inc.’s board of directors has named Sonia Syngal, an accomplished retail leader and CEO of the portfolio’s Old Navy business since 2016, as the company’s next chief executive officer, effective March 23. She will also join the Gap Inc. board. Her top priority will be strengthening the performance of the portfolio. “To lead the company into its next chapter, we sought a dynamic leader who could bring a deep respect for our customers and make the decisions necessary to deliver value from our portfolio of brands …
San Francisco — Gap Inc. no longer intends to separate Old Navy into a standalone public company. Additionally, the company has announced that Neil Fiske, president and CEO of Gap brand, will leave the company. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” says Robert Fisher, Gap Inc. interim president and chief executive officer. “While the objectives of the separation remain relevant, our board of directors has concluded that the cost and complexity of splitting into two companies, combined with …
San Francisco — Gap Inc.’s president and chief executive officer, Art Peck, will step down from his position and from the company’s board. Peck will leave Gap after a brief transition. Effective immediately, Robert J. Fisher, the company’s current non-executive chairman of the board, will also serve as president and CEO on an interim basis. Additionally, the board has appointed Bobby Martin, chair of its compensation and management development committee, as lead independent director. “On behalf of the entire board, I want to thank Art for his many contributions to …
San Francisco — Gap Inc. has appointed Mary Beth Laughton as president and chief executive officer of Athleta. Laughton will begin her new role in late October and will serve on Gap Inc.’s senior leadership team reporting to president and chief executive officer Art Peck. She joins Gap from Sephora. “Mary Beth brings a strong background in digital operations, a keen understanding of customers and an ability to deliver innovative experiences,” says Peck. “She is the right leader for Athleta, with a proven track record in driving consistent results in …
San Francisco — Gap Inc. will close approximately 230 Gap specialty stores within the next 2 years, the San Francisco-based apparel chain announced in its fourth-quarter and 2018 fiscal year reports, released on February 28, 2019. Gap Inc. also revealed plans to spin off Old Navy, a brand it established in 1994, into a separate publicly traded entity, as well as to rebrand itself under a yet-to-be-determined name.
Hampton, N.H. — On June 12, 2018, Planet Fitness, Inc. appointed Ray Miolla as chief development officer. He will be responsible for driving strategic initiatives to fuel Planet Fitness’ overall system-wide growth, overseeing market analysis, planning and development, real estate, construction and design, and franchise sales.
San Francisco — Jeff Kirwan, president and CEO of Gap brand, will leave Gap Inc. A search is underway for a new president of Gap brand. In the interim, Brent Hyder, currently serving as Gap Inc.’s executive vice president, global talent and sustainability, will oversee the brand.
San Francisco — The Gymboree Corporation has appointed Daniel Griesemer as the company’s new president and chief executive officer, effective May 22, 2017. Griesemer joins Gymboree after a 5-year tenure leading Tilly’s, an action sports-inspired teen and young adult apparel retailer where he served as president and CEO.