Gap Casual Clothing
1.0 – Understanding the GAP
- GAP OVERVIEW -
Since 1969, GAP has been filling closets with khakis, jeans and t-shirts and it was the iconic casual-wear brand built on basics for men, women and children. However, after 4 consecutive years of falling sales and fashion mis-steps, this retail icon has become the poster child for a titan that had lost touch with its core consumers.
At the GAP, you could smell change coming like the shift from Summer to Fall and in early 2007 Paul Pressler, CEO since 2002, left the company. Filling his shoes, as chairman and CEO, is Glenn Murphy: a well respected Canadian retailer based on his successes at Shopper’s Drug Mart, Loblaws and Chapters/Indigo. Patrick Robinson – credited with turning around Giorgio Armani’s Collezioni line and runway hits with Perry Ellis – was also tapped for the Head Designer job.
While many analysts feel that it will take until at least this Fall to understand the pair’s new direction for the company and its design, Murphy has to date embarked on a cost-cutting management strategy that has seen store numbers and often sizes reduced, plus renegotiated contracts terms with its key suppliers. Robinson meanwhile has launched the ‘Classics Redefined’ campaign, including: The Little Black Sweater Dress, The Tailored White Shirt, The Short-Sleeved Turtleneck and The Soft Tailored Blazer to name a few.
- GAP HISTORY -
1969
Donald & Doris Fisher open ‘Generation Gap’ store in San Francisco, CA
Concentrate on selling Levi’s Jeans and records.
1970s
Hippie teens fell for the counter-culture brand personality.
Expansion into active-wear broadens target market.
Expansion to 200 stores by 1976 and floatation on the NY and Pacific stock exchanges.
1980s
Quickly reaches the 500 store mark by 1983.
Hire’s Mickey Drexler as President and Chief Operating Officer.
Lessens dependence on Levi’s and emphases growth of private labels.
Removes racks of clothing and replaces them with
- GAP OVERVIEW -
Since 1969, GAP has been filling closets with khakis, jeans and t-shirts and it was the iconic casual-wear brand built on basics for men, women and children. However, after 4 consecutive years of falling sales and fashion mis-steps, this retail icon has become the poster child for a titan that had lost touch with its core consumers.
At the GAP, you could smell change coming like the shift from Summer to Fall and in early 2007 Paul Pressler, CEO since 2002, left the company. Filling his shoes, as chairman and CEO, is Glenn Murphy: a well respected Canadian retailer based on his successes at Shopper’s Drug Mart, Loblaws and Chapters/Indigo. Patrick Robinson – credited with turning around Giorgio Armani’s Collezioni line and runway hits with Perry Ellis – was also tapped for the Head Designer job.
While many analysts feel that it will take until at least this Fall to understand the pair’s new direction for the company and its design, Murphy has to date embarked on a cost-cutting management strategy that has seen store numbers and often sizes reduced, plus renegotiated contracts terms with its key suppliers. Robinson meanwhile has launched the ‘Classics Redefined’ campaign, including: The Little Black Sweater Dress, The Tailored White Shirt, The Short-Sleeved Turtleneck and The Soft Tailored Blazer to name a few.
- GAP HISTORY -
1969
Donald & Doris Fisher open ‘Generation Gap’ store in San Francisco, CA
Concentrate on selling Levi’s Jeans and records.
1970s
Hippie teens fell for the counter-culture brand personality.
Expansion into active-wear broadens target market.
Expansion to 200 stores by 1976 and floatation on the NY and Pacific stock exchanges.
1980s
Quickly reaches the 500 store mark by 1983.
Hire’s Mickey Drexler as President and Chief Operating Officer.
Lessens dependence on Levi’s and emphases growth of private labels.
Removes racks of clothing and replaces them with