Company Snapshot: Gap Inc.

Address:
2 Folsom St.
San Francisco, CA 94105

Telephone:
650-952-4400

Internet Homepage:
http://www.gapinc.com

Total Current Stores:
More than 3,200 stores worldwide.

Trading Areas:
All 50 U.S. states and United Kingdom, Canada, France, Ireland, Japan, China and Italy.

Senior Executives:
Chairman and CEO, Glenn Murphy
Exec VP and CIO, Tom Keiser

Gap Inc. has been seen in headlines recently as the company reported same-store sales fell 4%. By division, same-store sales fell 3% at Gap North America, and 6% at Old Navy. Banana Republic’s domestic same-store sales were unchanged compared with the year-ago period. The international division, which is seeing the most store-count growth, had an 8% decline. For the full year, sales dipped 1% to $14.5 billion for the year, and same-store sales were down 4% compared with a 2% increase last year.

In fiscal year 2012, the company said it expects to open about 125 company-operated stores, 55 of which are international. About 115 company-owned stores are slated for closure.