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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 ...
Including both company-owned and franchised stores, as of June 2018, there were Gap, Banana Republic, Athleta, Intermix, or Old Navy stores in 43 countries. [64] In January 2008, Gap signed a deal with Marinopoulos Group to open Gap and Banana Republic stores in Greece, Romania, Bulgaria, Cyprus, and Croatia. [65]
The store sold Levi's jeans as well as records and tapes in order to capture the 12-to-25-year-old target market. [2] In 1972, the Fishers launched the Gap label, becoming the first chain in retail history to use its store name as the brand name. [2] The Gap was a resounding success and filed for an IPO in 1973. [2]
Gap Inc said on Thursday it would separate its Old Navy brand into a publicly traded company, to focus on its struggling namesake apparel business.
Gap's growth plans include a concerted effort to tap further into the $1.4 trillion global retail apparel market, according to a statement released along with today's investor meeting. Old Navy ...
The family controls 43% of the company, which also owns Old Navy, Banana Republic, and Athleta, ... The department store has also canceled orders from its suppliers, ...
The company's seventh brand division, HomeSense, formed in 2001, was a Canadian brand modeled after the existing US brand, HomeGoods. [21] TJX revenue surpassed $10 billion that year. [13] In 2002, TJX revenue reached almost $12 billion. [11] In 2003, TJX acquired an eighth brand division, Bob's Stores, concentrated in New England. [22]
Gap Inc. Announces Plans to Open First Old Navy Franchise Stores in the Philippines Two Locations Planned for Metro Manila Area SAN FRANCISCO--(BUSINESS WIRE)-- Gap Inc. (NYS: GPS) announced today ...