Gap plans to close 175 of its namesake stores and 250 jobs at its headquarters as the company tries to strengthen the struggling brand.
Gap 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.
Two 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 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.
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.