Nearly all stores remain closed. Corporate headcount has been reduced company-wide. But Gap was vague on plans to emerge from the crisis.
The $16.4 billion retailer has signed a licensing deal to extend assortments at Gap, Banana Republic and Janie and Jack.
The current pandemic is magnifying retail’s great divide.
The San Francisco-based retailer continues to take strong measures to cope with COVID-19.
The partnership is part of the retailer’s sustainability efforts. But it comes in the midst of the coronavirus pandemic — when the future of resale is still uncertain.
The ceo of the firm’s real estate advisory has firsthand experience with landlord-tenant negotiations.
The #PayUp campaign by social justice nonprofit Remake alleges brands like Gap, C&A and others have gone silent. WWD sorts through it all.
Tens of thousands of retail workers are being furloughed this week.
Retailers facing steep sales drops amid mass closures and shelter-in-place orders want credit and relief on rent and taxes.
Some improvement was seen at Old Navy last quarter.