Drexler have made a pretty good job expanding the brand with Banana Republic in 1986‚ going internationally in 1989 and helping Gap to be the second-largest apparel brand in the world in 1992. By 2002 Drexler was replaced by Paul Pressler who launched the Internet-only retailer Piperlime.com and expended into new market in Asia and Middle East in 2006. In 2007‚ Pressler was replaced by Glen Murphy who began franchising both Banana Republic and Gap stores in Middle East and Asia. Globalization:
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over five hundred stores; largely targeting a teenage customer base. In 1983 the Fishers hired Mickey Drexler as Gap Inc.’s new president; shortly after‚ Gap Inc. purchased Banana Republic. This purchase rescued the struggling company from financial distress with Drexler revamping it’s clothing line and turning Banana Republic profitable once again. Throughout the late eighties and early nineties Gap Inc. expanded to form Gap Kids (1985)‚ Baby Gap (1990)‚ Old Navy (1984)‚ and Gap Body (1998). Gap
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and others. It is traded in New York Stock Exchange under the symbol GPS. Currently‚ the company boasts approximately 150‚000 employees and 3‚139 stores all around the world. Gap‚ Inc. sustains a large number of brands‚ namely Gap‚ Old Navy‚ Banana Republic‚ Forth & Towne‚ Piperlime‚ and others. These different companies are bought by the parent company in different times. Started as a general jeans retiling store‚ Gap‚ Inc. today has a market value of $13.32 billions. Throughout its history‚ Gap
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1. Analysis of the company ’s history‚ development and growth Founded in 1969 by Donald Fisher and Doris Fisher‚ Gap Inc is largest clothing and accessories retailer in America. The clothing store began in San Francisco California‚ where the Fishers opened their first shop because they had been frustrated with the poor service and clothing styles offered at other retailers. The store was named the gap because it supplied clothing to teenagers and college students‚ the "generation gap" between children
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firm acquires Banana Republic. 1986: The first GapKids store is opened. 1987: The first international store is opened in London. 1990: BabyGap is launched. 1994: The Old Navy brand is established. 1997: The Gap Web site debuts. 2002: Drexler retires; Paul Pressler is named CEO. Company History: Founded as a single store by Donald G. Fisher and wife Doris‚ The Gap‚ Inc. has evolved into a major retail company with well known brands‚ including its namesake‚ Banana Republic‚ and Old Navy
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with trendy and becomes the second large retailer in America. To compete with the challenge in the market‚ Gap Inc. reestablished a larger core of consumers who were brand loyalists. For instance‚ he created such higher end clothing lines as Banana Republic‚ Old Navy which targets price conscious’s consumers. In an industry where the right mix of product differentiation and price play a key role‚ these three brands allow them to be competitive and maintain a superior brand image. Rivalry among
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for men‚ women and kids. It started as a single store‚ and nowadays operates more than 3‚000 stores with more than 130‚000 employees worldwide. Gap Inc owns the following brands: The Gab‚ babyGap‚ GapKids‚ and GapBody‚ along with Old Navy‚ Banana Republic‚ Piperlime and Athleta. II. Company Evaluation The Gap’s performance -as we may review it with their ROE- has been consistently increasing for the last 3 years (2008-2010). Starting from a 20% then increasing up to 26%. This efficiency
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During the mid 17th century‚ the Dutch Republic enjoyed a booming economy‚ dominance in the shipbuilding industry‚ and European recognition as a dominant nation. They held most trading routes in the Baltic area‚ and the position to carry most trade goods between countries. However‚ during the late 17th and early 18th century‚ the Dutch Republic encountered a stumbling decline which led to their loss in the monopoly in Baltic and Atlantic trade‚ and many men due to European wars. The Dutch declined
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Essay # 1 The question of monarchy versus republic is mostly discussed from a highly emotional rather than a rational point of view. A few undignified occupants of royal thrones are enumerated‚ and are then presented as examples of monarchy as such. The defenders of monarchy are no better. They point to corrupt professional politicians‚ of whom there exist a sufficient number‚ and claim that this is the necessary consequence of a republican constitution. Neither is a rational argument. There have
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2005 annual report table of contents Letter From the Chairman Letter to Shareholders Gap Banana Republic Old Navy Forth & Towne Gap Inc. Direct Social Responsibility Financial Highlights Key Financial Statistics Gap Inc. Financials 1 2 6 7 8 9 10 11 12 13 14 letter from the chairman Fiscal 2005 was a year of progress as well as challenges. During a year where we had disappointing top line results‚ we still delivered solid earnings and focused on creating value for our shareholders by repurchasing
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