Gap's 4th Quarter Profits Fall 33 Percent On Currency HeadwindsGap reported a 33 percent drop in fourth-quarter profits as business was hurt by currency headwinds and strategic moves to turn around its ailing business.
Gap Sales Continue To Slump Over HolidaysThe San Francisco-based retailer, which operates stores under its own brand as well as Banana Republic and Old Navy, said Thursday that a key sales measure fell.
Ranks Of Employed Swell To All-Time High In San FranciscoThe new high watermark of 525,600 employed workers holds implications for housing as well as ideal career paths for those entering the job market, and there is reason for even greater optimism going forward thanks to a technology growth trend in the city.
San Francisco’s Gap Closing 175 Namesake Stores In Attempt To Boost Struggling BrandGap plans to close 175 of its namesake stores and 250 jobs at its headquarters as the company tries to strengthen the struggling brand.
SF-Based Gap Says Strong Dollar Hurting RevenueGap is one of many companies struggling with the impact of the strong dollar as sales in foreign currencies amount to less once they are translated back into U.S. dollars.
Gap And Levi Strauss Team Up To Oppose Religious Freedom LawsTwo more Bay Area-based companies have banded together in opposition to the controversial Religious Freedom Restoration Act in Indiana that critics say could be used to discriminate against gay people.
Old Navy Explains Why Women Pay More For Plus-Size ClothingOld Navy found itself in a quandary when a customer named Renee Posey went to its website and noticed that plus-sized women's jeans cost $12 to $15 more.
GAP CEO Announces Departure Plan; Successor Named The San Francisco company said Wednesday Murphy is departing at the end of its current fiscal year. He has been Gap's chairman and CEO since July 2007.
Santa Cruz Gap Store Draws Complaints Over Black Jeans Hung From 'Nooses'A Santa Cruz Gap store has altered a merchandise display showing jeans hung from ropes similar to nooses following a number of complaints.
SF Women's Group Members Recognize 'Equal Pay Day' At Board Of Supes MeetingMembers from a women’s organization recognized Tuesday as Equal Pay Day at the San Francisco Board of Supervisors meeting Tuesday afternoon and called on city leaders to support equal pay for women.
President Obama Visits NY Gap Store, Touts SF Company For Raising Minimum WagePresident Barack Obama made a brief stop Tuesday to browse the sweaters at a midtown New York Gap store to show support for the chain’s decision to increase wages for U.S. employees to a minimum of $10 an hour by next year. Obama wants Congress to raise the federal minimum wage to $10.10, but lawmakers have resisted.
San Francisco-Based Gap's 4Q Profit Down 12.5% Gap Inc. reported a 12.5 percent drop in fourth-quarter profit on a 3 percent decline in revenue as the clothing retailer was forced to discount heavily over the holiday shopping season to entice customers.