Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands city exclusive Even though people often associate the financial world with black suits, statistics, and little in the way of style, trading does have its fashionable side. Specifically, fashion stocks. From high-end brands such as Christian Dior and Ralph Lauren to high-street labels like Gap and Zara, retail shares are firmly on investors’ radar recently. Only yesterday, [...]
Closing the gap: gender lens investing and the future of finance City Talk Public perception of gender equality issues runs in a repetitive cycle. We’ve all seen it. A scandal breaks out, or a study discovers yet another damaging disparity. Think pieces are written, hands are wrung, and companies promise to do better. Then the public’s attention moves on until another cycle starts. Actual change comes very slowly, [...]
First Gap shop opens in Next’s Oxford St shop in retailer’s return to UK high street OXFORD ST The first Gap-branded shop within a Next store has opened on Oxford St, after the two firms entered a joint venture franchise. The fashion retailers have joined forces with Next managing Gap’s e-commerce business plus Gap-branded “shop-in-shops” at Next stores. The opening marks Gap’s physical return to the UK high street after the US retailer [...]
Next to run Gap’s UK operation in joint venture September 17, 2021 Next will manage Gap’s online business in the UK and Ireland as a franchise partner, after the companies finalised an agreement. The fashion companies announced they will form a joint venture with Next owning 51 per cent and Gap owning 49 per cent. Next will operate Gap’s e-commerce business across the Next Total Platform, host [...]
Barclays targets $3.8bn Gap-branded US credit card portfolio August 27, 2021 Barclays’ US division will buy a $3.8bn credit card portfolio in a co-branding deal with retailer Gap, in a bid to up its market share in the US. Four months after initially reaching an agreement with the clothing giant to partner and create co-branded credit cards for Gap customers, the bank has announced it will [...]
Gap to close all 81 stores in UK and Ireland July 1, 2021 American retailer Gap has confirmed it will close all its 81 stores in the UK in a phased exit and move online-only for the region. The US fashion giant said it would close the stores in a “phased manner” between the end of August and end of September. It comes just a few weeks after [...]
Gap to close 19 stores in the UK June 9, 2021 American retailer Gap will close 19 stores in the UK and the Republic of Ireland following a strategic review of the company. The remaining 50 standalone and outlet stores in the UK and Ireland are still under review, fashion news site Drapers first reported, and will continue to operate until a decision has been made. [...]
Gap ‘mulling’ sale of China business March 8, 2021 Clothing firm Gap is reportedly mulling the sale of its Chinese business as one of a number of options for overhauling its operations in the world’s second largest economy. Sources told Bloomberg that the retailer was working with an adviser over and had made overtures to several potential suitors over the sale. Having entered the [...]
Gap looks at closing stores in the UK and rest of Europe October 22, 2020 American fashion retailer Gap is considering closing stores in the UK and some other European countrie. The clothing chain is trying to save cash while dealing with a sales slump brought on by the Covid-19 pandemic and competition from fast-fashion companies such as H&M and Zara. The San Francisco-based company, which had 129 Gap brand stores in Europe [...]