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Plunkett's Retail Industry Almanac


Sample Profile

GAP INC (THE)            www.gapinc.com
Industry Group Code: 448000 Ranks within this company's industry group: Sales: 2 Profits:  3
STORE DATA:

Store Names:
Gap
Banana Republic
Old Navy Clothing Co.
Forth & Towne
International Stores

Typical Size in Sq. Ft.:
2,750-16,800
4,500-15,000
15,300
8,000 - 10,000
 
Number of Stores:
1,402
495
958
5
444
TYPES OF BUSINESS: GROWTH PLANS/SPECIAL FEATURES:
Casual Apparel Stores
Online Retailing
Shoes and Accessories
Personal Care Products
Children's Clothing
Baby Clothing

The Gap, Inc. is a leading retailer of clothing, accessories and personal care products for adults, kids and babies through 3,117 stores in the U.S., Canada, the U.K., Japan, Germany and France. Gap sells its products under the Gap brand, which includes GapKids, babyGap, GapBody and Gap Outlet, as well as the Banana Republic and Old Navy brands. Gap stores typically embrace all Gap-branded units, such as Gap, babyGap and GapKids, under one roof but segregate them into different areas, each with its own street/mall entrance. All Gap clothing is purchased from vendors in approximately 50 countries and is private-label, designed by and made specifically for the firm. Gap, Banana Republic and Old Navy all have their own online stores that sell items comparable to or exceeding the selection at store locations. Gap stores sell classically styled, high-quality casual apparel. Old Navy operates stores in the U.S and Canada and offers a broad selection of apparel, shoes and accessories for adults, children and infants. Subsidiary Banana Republic also has U.S. and Canada locations, and sells men’s and women’s clothing, shoes, accessories, personal care products, intimate apparel, jewelry and home accessories to a higher price-point market than traditional Gap stores. The company has launched a new store concept aimed at baby boomer women who are seeking stylish, comfortable fitting clothes. Named Forth & Towne, the concept opened in the fall of 2005 with four stores in Chicago and New York State. Each store features a comfortable fitting salon in an effort to keep customers in the store longer. If successful, the firm envisions opening hundreds of these stores nationwide.

Gap offers eligible employees relocation assistance, BabyLine pre-natal risk assessment services, LifeWorks resource and referral services, tuition reimbursement, BabyGap gifts for newborn and newly adopted children, adoption assistance, flexible spending accounts, home loans, travel assistance, a 401(k) savings plan and NurseLine, which allows employees to speak to a registered nurse 24/7. The corporate offices also feature on-site cafes and an inter-office shuttle service.

BRANDS/DIVISIONS/AFFILIATES:
Gap
GapKids
BabyGap
Banana Republic
Old Navy Clothing Co.
Gap Outlet
GapBody
Forth & Towne
CONTACTS:
Paul Pressler, CEO
Paul Pressler, Pres.
Byron H. Pollitt, Exec. VP/CFO
Eva Sage-Gavin, Exec. VP-Human Resources
Michael B. Tasooji, CIO
Pamela B. Wallack, Exec. VP-GapKids
Lauri M. Shanahan, Corp. Sec./Chief Compliance Officer
Lauri M. Shanahan, General Counsel/Exec. VP
Cynthia Harriss, Pres.-Gap
Art Peck, Exec.VP-Corp. Strategy & Bus. Dev.
Toby Lenk, Pres., Gap Direct
Marka Hansen, Pres., Banana Republic
Jenny J. Ming, Pres., Old Navy
Gary P. Muto, Pres., Forth & Towne
Donald G. Fisher, Chmn.
Andrew Rolfe, Pres.-Int'l Div.
Nick J. Cullen, Exec. VP/Chief Supply Chain Officer
Phone: 650-952-4400 Fax:  415-427-2533
Toll-Free:  800-333-4400
Address:  2 Folsom St., San Francisco, CA, 94105 US
FINANCIALS:  Sales and profits are in thousands of dollars-add 000 to get the full amount. Yr. 2005 note: Fiscal 2005 results were not available for all companies at press time. For this company, yr. 2005 is for 12 months.
2005 Sales: $16,267,000 (12 months)
2004 Sales: $15,854,000
2003 Sales: $14,454,700
2002 Sales: $13,848,000
2001 Sales: $13,673,460
2005 Profits: $1,150,000 (12 months)
2004 Profits: $1,030,000
2003 Profits: $477,500
2002 Profits: $-8,000
2001 Profits:
$877,497
Employees:  
152,000

Fiscal Year Ends: 1/31
SALARIES/BENEFITS:
Pension Plan:  
Savings Plan:   Y
ESOP Stock Plan:
Stock Purch. Plan:Y
Profit Sharing:  
Highest Exec Salary:      $1,500,000
Second Highest Salary:  $1,000,000
Bonus:   $1,119,140
Bonus:   $50,000
OTHER THOUGHTS:
Stock Ticker:  BBBY
LOCATIONS:  ("Y" = Yes)
Apparent Women Officers or Directors:  6
Hot Spot for Advancement for Women/Minorities: Y
West:
Y
Southwest:
Y
Midwest:
Y
Southeast:
Y
Northeast:
Y
International:
Y

 

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