Hints and tips:
...The retailer, which also owns the Banana Republic and Athleta brands, described Dickson as the “lead architect” in “reinvigorating” Mattel’s brands....
...I did that with three companies – Old Navy, Gap and Banana Republic... But it was never like what J Crew became or what I think we’re going to be here.”...
...Return-to-work wardrobe shopping by office workers helped make Banana Republic, the company’s dressier work attire brand, a stand out during the quarter. The unit helped Gap deliver a surprise profit....
...The retailer, which also owns Old Navy, Banana Republic and athleisure brand Athleta, struggled in its second quarter and reported excess inventory and pressure on its profit margin....
...Sales at the eponymous Gap brand fell 10 per cent to $881mn, while those at Banana Republic rose 9 per cent to $539mn....
...The retailer, which also owns the Banana Republic and Athleta brands, said it anticipates adjusted operating margin percentage to be “zero to slightly negative” in its second quarter....
...It has to regain its rhythm by reinvigorating the Gap brand while luring more customers back to Banana Republic, its office-apparel brand....
...The company, which owns brands including Banana Republic and Athleta, said it expected to report diluted earnings in the range of 45 cents to 60 cents a share in its fiscal year, down from its previous guidance...
...Gap’s main challenge remains fixing its namesake brand and luring customers back to Banana Republic, its work-focused apparel business....
...“This is banana republic crap that we’re watching happen right now,” the former Marine intelligence officer said in a video posted on Twitter....
...Republic and Old Navy as well as the eponymous chain, said the suspension of rent payments for stores that have been closed was saving the company $115m per month in North America....
...Under Mr Peck, the company, which also owns Banana Republic and Old Navy, has continued its downward spiral. Like-for-like sales have failed to grow for four consecutive quarters....
...While Gap has made some progress in its effort to slow sliding sales across its retail portfolio — which includes Old Navy and Banana Republic — its eponymous brand has remained challenged, amid changing...
...Higher sales of Old Navy and Banana Republic clothing is expected to boost second-quarter sales and profit for apparel retailer Gap....
...chain Old Navy, athleisure gear line Athleta and its e-commerce platforms — and trimming back the footprint of its low-growth Banana Republic and flagship Gap lines....
...At the same time, it is aiming to close 200 underperforming locations for Banana Republic and its namesake Gap brands....
...Calpers, for example, lamented “banana republic” governance....
...Last month, clothing retailer Gap revealed it was shutting all of its Banana Republic stores in the UK, in a bid to focus on its North American market....
...The retailer behind Banana Republic, Old Navy and the Gap brand said sales declined 1.5 per cent to $3.8bn for the three months to October 29....
...But the company said same-store sales, a key industry metric, fell 9 per cent at Banana Republic in the second quarter and were down 14 per cent in July....
...Analysts say US businesses such as Banana Republic, which is owned by Gap, and American Apparel, have also been forced into decisions as currency hedges expire....
...The departure of Stefan Larsson for the top job at Ralph Lauren last year and a string of style misses at Banana Republic had also weighed on its shares....
...It also said that its sales declined by 6 per cent on a year-on-year basis in the group’s fiscal first quarter as like-for-like sales at its eponymous brand, Old Navy and Banana Republic all declined....
...Gap, which issued a profit warning earlier this month, had said at the time that it was evaluating its fleet of Old Navy and Banana Republic stores outside of North America....
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