Gap and its family of brands, including Athleta, Banana Republic and others, sold $130 million worth of masks in its most recently completed quarter as wearing a face covering to stop the spread of coronavirus became an essential part of everyday life. Its CEO Sonia Syngal said on the company’s […]

WASHINGTON — President Donald Trump took in $165 million for his reelection effort in the month of July, a sum that surpasses what his Democratic rival, Joe Biden, raised during the same period. But a massive cash-on-hand advantage that once gave the Republican a significant competitive edge has largely been […]

Here’s what you need to know: Strong sales of pandemic-friendly clothing from Athleta helped lift earnings for Gap Inc.Credit…Benjamin Lowy for The New York Times For a glimpse into how America has been dressing this summer, look no further than Gap Inc. Its only brand to post a sales increase […]

Gap, which owns brands including Banana Republic, Old Navy and Athleta, reported earning $130 million in face mask sales alone last quarter. © Justin Sullivan/Getty Images A pedestrian walks by a GAP store on Aug. 18, 2020, in San Francisco. The company said it sold face masks to both consumers […]

The NPD Group chief retail analyst Marshal Cohen on how retailers are being impacted by the coronavirus, specifically missing out on the back-to-school shopping season, which used to be the second-biggest retail period of the year for many brands. Apparel retailer Gap Inc reported a 13% rise in quarterly comparable […]

(Bloomberg) — Gap Inc. tempered the pace of its sales decline in the second quarter, outpacing analysts’ estimates by picking up e-commerce customers. Load Error Sales for the period, which ended Aug. 1, fell 18% from a year earlier to $3.3 billion, higher than analysts’ projection of $2.9 billion. The […]