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The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M . [ 7 ]
That was one of the factors that led to the coining of the phrase "banana republic". [9] In 1933, concerned that the company was mismanaged and that its market value had plunged, Zemurray staged a hostile takeover. Zemurray moved the company's headquarters to New Orleans, Louisiana, where he was based.
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 ...
In this shorthand, a banana republic is any corrupt government or political unrest, but the term specifically conjures images of Latin American countries such as Honduras, Cuba, and Nicaragua.
By 2015, Old Navy's yearly sales had reached $6 billion per year in the United States, almost equaling those of Gap Inc.'s Gap and Banana Republic divisions combined. [18] Larsson left the company to join Ralph Lauren in 2015 and was replaced by current President and CEO, Sonia Syngal. [19]
Banana Republic Factory $40 $90 Save $50 Available in sizes 0 to 20 as well as tall and petite sizing, these figure-flattering trousers will become the new hero of your weekday wardrobe.
Recreational Equipment Inc., the outdoor-gear retailer better known as REI, is getting a new trail guide.. The struggling company announced on Wednesday that longtime CEO Eric Artz is retiring in ...
The company mascot "Miss Chiquita", now Chiquita Banana, was created in 1944 by Dik Browne, who is best known for drawing the popular comic strips Hi and Lois and Hägar the Horrible. Miss Chiquita started as an animated banana with a woman's dress and legs in the manner of Carmen Miranda.