Welcome to our dedicated page for Gap news (Ticker: GAP), a resource for investors and traders seeking the latest updates and insights on Gap stock.
Gap Inc (GAP) maintains America’s largest specialty apparel portfolio through brands like Old Navy, Athleta, and Banana Republic. This news hub provides investors with official press releases, financial updates, and strategic developments from the retail leader.
Track Gap’s progress across key initiatives including brand reinvigoration efforts, omnichannel retail innovations, and sustainability programs. Our curated collection features earnings announcements, leadership updates, product launches, and partnership news – all essential for understanding the company’s market position.
Users will find updates on quarterly financial performance, store network expansions, and digital commerce advancements alongside analyses of industry trends impacting Gap’s operations. Bookmark this page for direct access to primary-source information about one of retail’s most iconic companies.
Old Navy, part of Gap Inc. (NYSE: GAP), has announced a multi-year partnership with RADAR to implement AI-powered RFID technology across its nationwide stores. The technology combines RFID, AI, and computer vision to track and locate in-store inventory in real-time with high accuracy.
The initiative aims to empower store associates with real-time inventory information, enabling them to locate items anywhere in the store and enhance customer experience. This partnership is part of Gap Inc.'s strategy to improve operational efficiency and strengthen its platform through new capabilities.
RADAR's platform will provide store teams with ecommerce-level inventory insights, helping optimize operations, manage physical stores with online-like precision, and improve product replenishment. The technology's AI & data-science analytics will assist in making informed inventory decisions, optimizing floor sets, and minimizing issues like shrinkage, stockouts, and overstocks.
Gap Inc. (NYSE: GAP) reported strong financial results for fiscal 2024, with net sales increasing 1% to $15.1 billion and comparable sales up 3%. The company achieved an operating income of $1.1 billion, representing over 80% growth versus the previous year.
Key highlights include:
- Gross margin expanded 250 basis points to 41.3%
- Generated $1.5 billion in operating cash flow
- Online sales grew 4%, representing 38% of total sales
- All four brands gained market share
- Cash position strengthened to $2.6 billion, up 38% year-over-year
Brand performance showed mixed results: Old Navy sales grew 2% to $8.4 billion, Gap brand saw 4% comparable sales growth, Banana Republic remained flat with 1% comparable sales increase, while Athleta experienced a 1% decline in sales. The company announced a 10% increase in quarterly dividend to $0.165 per share and repurchased $75 million in shares during Q4.
Banana Republic, a Gap Inc. (NYSE: GAP) brand, has announced a -edition capsule collection in collaboration with HBO's The White Lotus series. The 24-piece collection, launching March 6, 2025, is inspired by the show's third season set in Thailand.
The collection features men's and women's apparel and accessories priced from $40 to $300, incorporating tropical and vintage-inspired prints with rich turquoise, navy, red, and yellow hues. Premium materials include sustainable European Flax linen, lightweight cotton poplin, and 100% silk.
The campaign features Season 3 cast member Patrick Schwarzenegger alongside model Shanina Shaik. The collection will be available in 26 select stores nationwide and online at bananarepublic.com, offering resort-ready pieces that blend luxury with accessibility.
Gap (NYSE: GAP) has announced a 10% increase in its quarterly dividend for the first quarter of fiscal year 2025. The company's board of directors has authorized a dividend of $0.165 per share, up from the previous quarter. The dividend will be payable on or after April 30, 2025, to shareholders of record as of the close of business on April 9, 2025.
Gap Inc. (NYSE: GAP) has announced it will release its fourth quarter and fiscal 2024 financial results on March 6, 2025, at approximately 1:15 p.m. Pacific Time. The company will follow the release with a conference call at 2:00 p.m. Pacific Time to discuss the results. Investors can access a live webcast of the conference call at investors.gapinc.com, where a replay will also be available afterward.
Athleta, a Gap Inc. (NYSE: GAP) performance activewear brand, has announced the addition of WNBA and Unrivaled league stars Lexie Hull and Kate Martin to its Power of She Collective. The announcement comes amid significant growth in women's sports, with the WNBA reporting its highest viewership and attendance in over 20 years.
The company has partnered with the Greater Miami chapter of Girls Inc., hosting local youth at the January 27th Unrivaled match and making a donation to fund free after-school and summer programs for girls in low-income communities. Hull and Martin will contribute to product innovations, receive mentorship opportunities, and participate in the brand's impact programs alongside other notable athletes like Simone Biles and Katie Ledecky.
Gap Inc. reported strong Q3 fiscal 2024 results with net sales up 2% to $3.8 billion and comparable sales increasing 1%. Online sales grew 7%, representing 40% of total sales. The company achieved an operating margin of 9.3%, up 270 basis points year-over-year, with net income reaching $274 million. Based on strong performance, Gap raised its full-year outlook, projecting net sales growth of 1.5-2.0% and mid to high 60% operating income growth. All brands gained market share, with notable improvements in Athleta (+5% comparable sales) and Gap (+3% comparable sales).
Gap Inc. (NYSE: GAP) has announced that its board of directors has approved a fourth quarter fiscal year 2024 dividend of $0.15 per share. The dividend will be payable on or after January 29, 2025, to shareholders who are on record at the close of business on January 8, 2025.
Gap Inc. (NYSE: GAP) announced it will release its third quarter fiscal 2024 financial results on November 21, 2024, at approximately 1:15 p.m. Pacific Time. The company will host a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time. Investors can access a live webcast of the conference call at investors.gapinc.com, where a replay will also be available.
Old Navy launches its holiday campaign 'Love is in the House' featuring Jennifer Hudson. The campaign showcases Hudson as a holiday hostess in a magical Old Navy house, wearing the brand's High-Rise Rockstar Jeans, Velvet Top, and Faux-Fur Jacket. The campaign will air across multiple platforms including Cinema, Social platforms, Primetime networks, streaming services, and during 34 NFL games. The holiday collection features embellished denim, festive sweaters, puffer coats, and the iconic Jingle Jammies. The campaign includes Hudson's rendition of 'Winter Wonderland' from her new holiday album 'The Gift of Love', which will be sold at select Old Navy stores during her four-city tour.
