Gap Inc. on Thursday said same-store sales in the second quarter declined, but the company still managed to make a profit.
During a Webcast for investors and analysts, Glenn Murphy, chairman and chief executive officer of Gap, stressed the progress of the company’s international division, while expressing concern over the Gap brand’s women’s business. “We need to get better right away in our women’s product,” he said. “Gap is a redo. We’re trying to transition the Gap brand aesthetic. It got a little too modern for our customers.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"