The ceo’s roadmap also includes Gap and Banana Republic store closures and $500 million in expense cuts over three years.
The ratings firm said Gap’s outperformance, coupled with prudent financial policies, have things looking up for the retailer.
Chiquet said good leaders have to be empathetic and listen.
The former global ceo of Chanel has penned a book, “Beyond the Label.”
Read a passage from the forthcoming book.
Members at ThredUp were eager to part with chambray items, which had a 763 percent purge increase, anything with glitter at 446 percent and maxidresses at 277 percent.
The retailer’s September comps were stronger than expected despite a fire at the company’s Fishkill, N.Y., distribution facility.
Created with Tru Fragrance, Kindred Goods leverages the success the Gap Inc.-owned retail chain has been experiencing in beauty and personal care.
Gap Inc.’s Old Navy is leading the way as the Banana Republic business seems set for a long turnaround, according to RBC analyst Brian Tunick.