Gap Inc. unveiled at a virtual investor meeting on Thursday that it expects to return to profitable growth next year, with plans to double the sales of its Athleta business to $2 billion over the next few years.
The US apparel group is envisaging closing down all its directly operated branches in the UK, France, Italy and Ireland next year - 129 stores in total - maintaining a presence in Europe through franchise partnerships.
John Lewis has announced the addition of 30+ new brands to its fashion, accessory and beauty offer for the autumn season. Some are already in-store with more due this month and the debuts set to continue into October.
Apparel retailer Gap reported a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home due to the COVID-19 pandemic bought more of its Old Navy and Athleta clothing online.
The American fashion group has announced that it has appointed IMG as its first ever exclusive multi-brand licensing representative, a partnership that opens the door for a range of cross-category product extensions.
Wednesday was another day full of announcements from U.S. retailers looking to do their part to combat the spread of Covid-19 by implementing store closures. J.C. Penney, Skechers and J.Jill were among the latest batch.
Gap Inc on Thursday said comparable sales for the fourth-quarter fell less-than-expected, as the coronavirus continues to spread across the globe causing supply chain delays and sales halts for the world's retailers.