SAN FRANCISCO — North America will be the key region for Gap Inc. this year.
“We were not happy with 2011,” Gap chairman and chief executive officer Glenn Murphy told shareholders at the retailer’s annual meeting here Tuesday. Last year, North American same-store sales dipped 3 percent at Gap and 6 percent at Old Navy, while remaining flat at Banana Republic. The company’s net income fell 17 percent to $833 million, and net sales slid 1 percent to $14.5 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"