As it aims to expand while staying true to its principles, the B Corp-certified footwear company has announced the appointment of Old Navy president and chief creative officer Nancy Green to its board of directors.
The global fashion market should grow by 64 billion dollars in five years, according to Kantar. Approximately half of that will come from five major players: Fast Retailing, Inditex, H&M, TJX and Old Navy.
H&M, Uniqlo, Gap and Starbucks among others have taken measures to deal with the coronavirus outbreak in China, closing several branches in the Wuhan area and, in some cases, elsewhere in the country too.
Spread throughout the United States, Canada and the UK, the Gap stores were shuttered on Sunday, as part of the company's previously announced plans to close a total of 230 Gap stores over the next two years.
Amazon Fashion has launched five of its own private-label brands in Europe, but another 103 have already been introduced in the US by the web giant, although it denies claims it is competing with client brands.