All tag results for 'Gap'

Gap's Closing 20% Of North American Stores

Ouch.

Gap announced at its annual investor meeting on Thursday they're closing 189 or 1/5 of their stores in the US by 2013.

To make up for the loss, Read the rest of this entry »

[Image via Getty Images.]

Tags: china, closing, gap, store closing

GAP's Stock Drops After It Projects Loss In Earnings

Bad news for GAP, the company’s shares have just dropped.

Gap’s CEO Glen Murphy just cut its 2011 earnings forecast by almost 25 percent. The cut caused Gap shares to drop more than 15%.

The company claims the rise of the price of cotton will increase the cost of making their clothing items by over 20% during the second half of the year. Hence the drop in sales later on.

Though the explanation sounds reasonable, many believe the drop in sales has to do with Gap’s bad fashion picks.

Many claim that Murphy has driven out most of Gap’s creative staff during the past two years which has resulted in poor fashion choices.

Gap better do something and fast if it wants to stay profitable.

Tags: business, clothing, fashion, Gap, sales

Gap Opens Shop In China

GAP has just joined the big boys on the luxury shopping street of Mid Huaihai Road in Shanghai.

Flagshop stores for Louis Vuitton, Cartier, and more already mark a precense on the street, but now Gap has marked its spot after opening the first of its four stores in China last night.

And it’s a pretty smart move on Gap’s part as they’re projecting 25% of its revenues to come from international and online sales by 2013.

John Ermatinger, president of Gap’s Asia-Pacific region, reveals:

“We have an appetite, we have motivation and we have a ceo now that really believes in international growth. We now have the financial power and the wherewithal to make that happen.

We looked at all of our competitors both local and international, and that has guided us in terms of our pricing structure, our store design and our product selection and presentation. We believe we are going to be as competitive and attractive as any brand in this market."

Let's see how well it does in China. Hopefully turns out to be a good investment.

[Image via Getty Images.]

Tags: china, Gap, launch, luxury, retail, shopping

Gap Rethinks Their Lameballs New Logo

That didn't take long.

Thanks to the global outcry over their new logo, Gap is being forced to rethink their terrible decision.

The retailer posted this message on their Facebook page:

Thanks for everyone’s input on the new logo! We’ve had the same logo for 20+ years, and this is just one of the things we’re changing. We know this logo created a lot of buzz and we’re thrilled to see passionate debates unfolding! So much so we’re asking you to share your designs. We love our version, but we’d like to see other ideas. Stay tuned for details in the next few days on this crowd sourcing project.

So basically after shelling out tons of money for the revamp, they're wanting consumers to design their logo for free?

Here's an idea: just go back to the old one. It wasn't broken in the first place, so why fix it?

Tags: backlash, bad logo, facebook, Gap, logo, new logo, public outcry, redesign, rethinks