Monday, April 26, 2010

Task #3 - The Gap

The Gap

  • Based in San Francisco , California.
  • Founded in 1969.
  • The company has five primary brands: the namesake Gap banner, Banana Republic, Old Navy, Piperlime and Athleta.
  • has approximately 150,000 employees and operates 3,465 stores worldwide.
  • largest specialty apparel retailer in the U.S
  • Donald Fisher is the chairman of the Gap.
  • Founders Donald Fisher, Doris F. Fisher
  • Products Clothing
  • Revenue ▲ US$14.5 Billion (FY 2009)[2]
  • Operating income ▲ US$1.58 Billion (FY 2009)[2]
  • Net income ▲ US$967 Million (FY 2009)[2]
  • Total assets ▼ US$7.56 Billion (FY 2009)[3]
  • Total equity ▲ US$4.39 Billion (FY 2009)[3]
  • Divisions Gap, Banana Republic, Old Navy, Piperlime, Athleta
  • In 2003, Gap, along with 21 other companies, was involved in a class action lawsuit filed by sweatshop workers in Saipan.
  • A settlement of 20 million dollars was reached whereby The Gap did not admit liability.
  • In spring 2006, they released a special RED collection, including a T-shirt manufactured in Lesotho from African cotton.



 

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