Preview

Gap Inc

Good Essays
Open Document
Open Document
916 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Gap Inc
CULTURE: Based on the research I conducted about Gap, I would characterize their culture as adaptive. They would be stupid not to be in the fashion industry with trends constantly changing, they need to be up to date with the latest fashions. Ever since 1969, Gap Inc. has expanded not only horizontally but vertically as well. They created stores such as Old Navy and Banana Republic. In addition to Gap opening new stores, they have expanded globally to reach a new customer base. Their innovation and creativity has kept them in business for over forty years. Straying away from that type of culture will turn them into an inert organization, which has no place in the garment business.
STRUCTURE:
Gap’s has changed its structure drastically over the past forty years, but it has always maintained an organic image. Ever since Don Fisher founded the company in 1969, Gap has promoted a flexible and creative environment. Recently, Gap has announced a new global brand structure to fuel the company’s long-term growth. To promote their online success and technological advances, the company will form a new Innovation and digital strategy team to further its leadership position in this area. Gap is capitalizing on the growing number of online shoppers by increasing their e-commerce to over 80 countries. When looking at Gap’s internal structure, it can be characterized as divisional by product. Gap has several areas that distinguish them from there competition. For instance, Gap has a kids line and a baby line. Most other retail stores just focus on one demographic. When Gap Kids was first introduced in 1986, it was groundbreaking. Fisher and his management team capitalized on the growing number of trends during that time period. Today, Gap Kids continues to provide a huge boost in Gap’s revenue. Gap continues to revamp its structure to keep up to date with the latest fashion and trends.
VISION STATEMENT:
“To become the world’s leader in retail by utilizing the

You May Also Find These Documents Helpful

  • Powerful Essays

    Mkt 421 Week 4 P's

    • 3524 Words
    • 15 Pages

    The Gap is a clothing company that specializes in contemporary, urban clothing with a mid-range pricing scheme. They have stores located all over the globe in countries such as the United States, Canada, France, Germany, Japan and the United Kingdom. Gap was founded in 1969 by a real estate developer who was in search of a well-organized and well-stocked jeans store. The store was named after "the generation gap" and originally sold Levis jeans. In 1974, they developed their own private clothing label and by 1991 began selling only their private label brand. Gap introduced its website in 1997. The following year, in 1998, Gap's stock increased 138.4%. In 2000, though, their stock fell 44 %. (http://www.thestreet.com/_yahoo/funds/gutcheck/1335261.html)…

    • 3524 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    The Gap’s target age segment is males and females ranging from seventeen to twenty-five years old (Cosmopolitan, 2000, p. 2). The typical family life cycle for a Gap customer comprises of single teenagers and young adults to young married couples (Cosmopolitan, 2000, p.2). The races Gap targets consist of many minorities such as Hispanics, Asians, and African-Americans in addition to Caucasians (Cosmopolitan, 2001, p. 57). The income segment is middle to upper-class individuals who reside in urban or suburban areas in developed countries such as the U.S. and Japan (PRIZM Cluster, 2001). Common occupations of Gap customers include: high school and college students, entry-level college graduates, and young working, married couples. Gap customers tend to be energetic, work/career oriented, and active people who have significant time to shop (Cosmopolitan, 2001, p.57). In addition, their customers have a sense of style sophistication in their wardrobe, and are confident individuals who feel they are buying the best product available.…

    • 670 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Gap Inc. in France

    • 4310 Words
    • 18 Pages

    Siddha Param of Worldwide Business Connection online magazine begins one of his articles with the quote “Opportunity is very often found in solving existing inefficiencies in a market”. I believe this statement as true because identifying global markets; making a proper assessment the inefficiencies affecting that particular market;…

    • 4310 Words
    • 18 Pages
    Best Essays
  • Powerful Essays

    The Gap 10K

    • 1402 Words
    • 6 Pages

    Under item 1 it gives the general background information of the company. The Gap was incorporated in the State of California in 1969, and then reincorporated under the laws of the state of Delaware in 1988. The Gap offers products in apparel, accessories, and personal care, with products for men, women, children, and babies. They sell these products under different company names: The Gap, Old Navy, Banana Republic, Piperlime, and Athleta, where products are sold in retail locations or online. Gap, Inc has company-operated stores in the United States, Canada, United Kingdom, France, Ireland, Japan, China, and Italy. Other information included with general business information was: merchandise vendors, franchising, inventory, competitors, employees, and executive officer profiles.…

    • 1402 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Formal CEO of Gap, Millard Drexler, has found the way to meld the merchandise from stores and catalogues into one consistent product. In previous years, one of the main issues J Crew had was that their catalogue merchandise was not consistent with those they had in retail stores. Furthermore, another business strategy they have utilized is the importance they give to their quality, value, and design, but also taking into consideration that they need to be loyal to their opening price points. Differentiating themselves from stores such as Zara, where they offer not only in trend fashion merchandise, but also offer a long lasting quality. In other words, it is not fashion for the moment, but fashion for a…

    • 431 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Gap, Inc. Portfolio Analysis

    • 5707 Words
    • 23 Pages

    In July 1969, Donald Fisher and his wife Doris went to buy a pair of Levi’s jeans in a department store. But they could not find a pair that would fit him, which led them to feel that the demand of jeans has out-weighted supply. With this knowledge, the couple started a store in a small shop near San Francisco State University. This store only carried records and Levi’s jeans. The immediate response from young customers led Fisher to open other outlets. As the 1970s arrived, the appeal for jeans grew thus leading to high growth of the company. $2.5 millions in sales in 1971 increased to $97 million in 1976 with 186 stores in 21 states. As the recession of 1970s arrived, Gap had to react by changing the lines of clothes to a larger variety. They started selling their own labels which was later aided by appointment of Mickey Drexler as a CEO in 1980s. In May, 1988 the corporation was reincorporated in State of Delaware. The company had huge success in late 1990s with net income surpassing $824.5 millions. Before this, Gap, Inc. purchased Banana Republic in 1983.…

    • 5707 Words
    • 23 Pages
    Good Essays
  • Better Essays

    General Motors

    • 924 Words
    • 4 Pages

    If you were to read a story in the news that a government had assumed control of a private company, what country might come to your mind? Possibly Russia, Cuba, China, maybe even Vietnam? Probably the United States would be the furthest from your mind. Not everything the United States government does should be considered socialistic, but obtaining control of the private company General Motors was an act of socialistic behavior. As Lake Land students majoring in business and maybe future business owners, would you want the company that employed you or which you owned to be controlled by the government? Many government officials make the argument that this was the right decision, because it saved many jobs during tough economic time. This, however, is not a good enough reason to move toward socialism. The government should not have bought General Motors.…

    • 924 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Jyske Bank

    • 289 Words
    • 2 Pages

    Briefly, the gap model states that an organization will improve its quality service and its services marketing (closing the customer gap) by closing the four provider gaps, which are:…

    • 289 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    SWOT GAP Inc.

    • 894 Words
    • 4 Pages

    6. GAP control all aspect of it trademark casual look from the design board to store displays.…

    • 894 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Gap Inc.

    • 2185 Words
    • 9 Pages

    Students are expected to review the course outline and to discuss with the professor any areas where clarification is required.…

    • 2185 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Lastly, For Gap its focus group is ones who concerns with good quality but not willing to pay expensive prices. However, regarding the change in taste of the customers and gap still offers basic clothing which makes its sales have dropped due to the lack of sense of exclusiveness. As a result, Gap is now stuck in between the company’s other two brand which are Old Navy ,brand that offer low price clothes and Banana Republic which offer high-end clothes.…

    • 351 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Gap Inc.

    • 503 Words
    • 3 Pages

    1. What does a five-force analysis reveal about the strength of competition in the U.S. family clothing stores industry?…

    • 503 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The Gap Inc.

    • 1892 Words
    • 8 Pages

    But as competitors began offering similar styles and prices and apparel sales began to lose momentum, Gap slipped away from basics and tried to pull ahead with unique fashions. The strategy backfired, and the Gap subsequently alienated its core 20- to 30-year-old customer base with far-out fashions that appeal to younger consumers, or that missed completely. Gap chose to chase trends, instead of reinforcing its strengths.…

    • 1892 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The Gap Inc

    • 2875 Words
    • 12 Pages

    The Gap, INC. is a leading international specialty retailer with five brands which are GAP, Banana Republic, Old Navy, Athleta and Piperlime. There are also Outlets stores available like Gap outlet, Gap Generation and Banana Republic Factory Stores. The Gap, INC. world headquarters is at San Francisco Bay Area. The Product Design departments are at New York City, San Francisco, Los Angeles and London. There are over 3,200 stores worldwide. There are more than 3,100 Company-operated stores across United States, United Kingdom, Canada, China, France, Ireland, Japan and…

    • 2875 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    GAP is an American clothing and accessories retailer based in San Francisco, California. It is a part of the group with the same namesake ‘The GAP, Inc’. It was founded in 1969 as a single store by Donald G. Fisher and wife Doris. The store's merchandise consisted of Levi's and “Long Playing” records; later they came up with their own private label in 1974.…

    • 1491 Words
    • 6 Pages
    Powerful Essays

Related Topics