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.
A Santa Cruz Gap store has altered a merchandise display showing jeans hung from ropes similar to nooses following a number of complaints.
Members 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 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.
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.
San Francisco-based Gap Inc. announced on Wednesday that they’re raising minimum wage for its lowest-paid workers in the U.S. Workers will receive at least $9 this year and that increase will go to $10 in 2015.
Gap Inc. offered an upbeat profit outlook for its third quarter as the clothing chain announced a solid October increase for a key sales yardstick that surpassed analysts’ expectations.
Gap raised its earnings per share outlook for the year on Thursday, after its summer lineup helped boost second-quarter results and advanced its turnaround push.
A Cambridge, Mass. woman whose fiancee ordered a tie and pocket square from Gap Inc. chain Banana Republic says they were astonished at what they got in the mail instead: confidential employee files, including Social Security numbers, W2s, resignation letters and doctors’ notes.
The San Francisco-based clothing retailer, which operates the Gap, Old Navy and Banana Republic clothing chains, says that it earned $333 million, or 71 cents per share, for the three-month period ended May 4. That compares with $233 million, or 47 cents per share, in the year-ago period.