Gap

Gap Inc. (NYSE: GPS)

Gap Inc. is the largest specialty apparel company in the US, with a portfolio of iconic American brands including Old Navy, Gap, Banana Republic, and Athleta. Founded in 1969 in San Francisco, Gap began as a single store selling Levi's jeans and records. Over the decades, it grew into a global fashion retailer known for its casual basics and denim.

Gap's product offerings include:

• Men's and women's apparel: Jeans, t-shirts, sweaters, outerwear and other casual clothing staples.

• Kids' and baby clothing: Clothing for children and infants.

• Activewear: Performance apparel for exercise and athletics, primarily through the Athleta brand.

• Accessories: Shoes, bags, jewelry and other accessories to complement clothing.

In recent years, Gap has focused on strengthening its ecommerce and omnichannel capabilities, with online sales representing 37% of total net sales in fiscal 2023. The company has also invested in supply chain improvements and new technologies like artificial intelligence to enhance operations. Gap is working to reinvigorate its brands and improve profitability after a period of challenges, under the leadership of CEO Richard Dickson who joined in 2023.

For fiscal year 2023, Gap reported net sales of USD 14.9 billion and operated 3,560 store locations globally. The company continues to focus on growing its Old Navy and Athleta brands while working to reposition Gap and Banana Republic for future growth. Gap aims to leverage its iconic American brands and operational capabilities to drive sustainable, profitable growth and shareholder value over the long-term.