CSG Snapshot: Gap Inc.

2 Folsom St
San Francisco CA 94105
(650) 952-4400
www.bananarepublic.com
www.gap.com
www.gapinc.com
www.intermixonline.com
www.oldnavy.com

Total Stores
3,721

Total Sales
$15.8 billion

Year Founded
1969

Trading Areas
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA,
MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR,
PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY, AB, BC, ON, QC

Senior Executives
CEO: Art Peck
Exec VP + CFO: Sabrina Simmons
Global President, Banana Republic: Andi Owen
Global President, Gap: Jeff Kirwan
Global President, Old Navy: Sonia Syngal

SNAPFORWARD

Is Gap back? It’s too early to say, but investors are optimistic (for the moment) and store traffic is up over the past few months. After 14 consecutive months of declining sales, Gap, Inc. posted a year-over-year net sales increase of 2% in June. Keep the champagne on ice for now, though. Old Navy led the way with a 5% gain but net sales for Gap were -1% (but an improvement from -5% last year) while Banana Republic continued to struggle with net sales of -4% compared to -1% this time last year. Here’s a breakdown of the businesses that Gap, Inc. is attempting to right.

Source: Chain Store Guide Database of Apparel Specialty Stores.