Old Navy in the International Business Market
The company we chose to do our project on is Old Navy. Old Navy 's mission is to be the Provider, Partner, and Employer of Choice. Their values, which were decided upon by 600 leaders of the Company, are: Service Excellence: Serving others our reason for existing. We continually seek to understand the needs of all those who depend on us (our patient, doctors, and our fellow teammates) and then to exceed all their expectations. Integrity: We say what we believe, and we do what we say. We are trusted because we are trustworthy. Our personal, team, and organizational values are aligned with everything that we say and everything that we do. Team: One for all and all for one. Working together to be the provider of choice. Continuous Improvement: We never stand still; we are never satisfied. All of us individually and as teams constantly look at everything we do, and we ask, "How can we do this better? We then use a systematic approach to take action. Accountability: We never say, "It 's not my fault" or "I couldn 't help it" or "It 's not my job." Every one of us takes responsibility for meeting our commitments- our personal ones as well as those of the entire organization. And we take ownership of the results. Fulfillment: We make a difference. We feel rewarded personally and as a team because what we do in our jobs, as well as away from work, is consistent with our lives ' goals and dreams. Fun: Come see for yourself!
According to Gap Inc., they operate 3,143 stores, which includes the Old Navy brand. Old Navy first opened its doors in 1994, in Colma, California. Less than four years after opening, in 1997, Old Navy 's annual sales reached a record $1 billion. In 2000, Oldnavy.com was launched. Old Navy made its debut outside the United States, in 2001, opening 12 stores in Canada (www.retailingtoday.com). For fiscal, 2007, Gap expects to open 230 store locations weighted toward Old Navy.
In 2004, Gap
References: DSN Retailing today (www.RetailingToday.com)
Retrieved Nov 6, 2007 from
Industry Center. Retrieved on November 7, 2007 from
http://ca.us.biz.yahoo.com/ic/111/111428.html
Old Navy. Retrieved on November 7, 2007 from
http://en.wikipedia.org/wiki/Old_Navy
Old Navy. (2007). Retrieved on November 7, 2007 from
http://www.oldnavy.com/
Old Navy, Inc. Retrieved November, 8, 2007 from
http://www.fundinguniverse.com/company-histories/Old-Navy-Inc-Company-History.html