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The Gap, Inc., [6] commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap (the namesake banner), Banana Republic, Old Navy, and Athleta.
Founded in 2006 as a spin-off by Gap Inc., Piperlime offered a selection of footwear and handbags for women, men and children. Beginning in fall 2009, the company sold women's clothing and, later, men's clothing, with the men's business retiring in August 2014.
The Gap was a resounding success and filed for an IPO in 1973. [2] They went on to purchase Banana Republic , a small, two-store mail-order catalogue business; and also founded Old Navy which reached $1 billion in sales in four years. [ 2 ]
The brand has struggled as a series of fashion misses turned off shoppers amid increasing competition from retailers such as H&M, Forever 21 and Zara.
An Old Navy store in Bayers Lake Business Park, Halifax, Nova Scotia An Old Navy store in Richmond Hill, Ontario. In the early 1990s, Dayton-Hudson Corporation (then the parent company of Target, Mervyn's, Dayton's, Hudson's, and Marshall Field's) looked to establish a new division branded as a less expensive version of Gap called Everyday Hero; [4] Gap's then-CEO Millard Drexler responded by ...
Cover of Cabbages and Kings (1904 edition). In the 20th century, American writer O. Henry (William Sydney Porter, 1862–1910) coined the term banana republic to describe the fictional Republic of Anchuria in the book Cabbages and Kings (1904), [1] a collection of thematically related short stories inspired by his experiences in Honduras, whose economy was heavily dependent on the export of ...
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