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Encyclopedia > The Gap (clothing retailer)
Gap Inc.
Type Public (NYSE: GPS)
Founded San Francisco, CA (1969)
Location San Francisco, CA
Key people Robert J. Fisher, Chairman
Paul S. Pressler, CEO
Industry Clothing store [1]
Products Clothing
Revenue Image:green up.png $16,267 million (2005)
Employees 152,000 (2005)
Website www.gapinc.com

Gap Inc. NYSE: GPS is the largest specialty retailer in the United States. Their headquarters are located in San Francisco, California. Its namesake chain, The Gap (or simply Gap), operates in the U.S. as well as in Canada, United Kingdom, France, and Japan. Gap Inc. also owns and runs the Old Navy, Banana Republic, and Forth & Towne clothing store chains. This is a copyrighted and/or trademarked logo. ... A public company is a company owned by the public. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the largest stock exchange in the world, although its trading volume was exceeded by that of NASDAQ (historic comparison graph {pdf}) during the 1990s. ... The downtown San Francisco skyline, looking east from the central part of the city. ... State nickname: The Golden State Other U.S. States Capital Sacramento Largest city Los Angeles [[List of Governors of California|Governor]] Arnold Schwarzenegger (R) Official languages English Area 410,000 km² (3rd)  - Land 404,298 km²  - Water 20,047 km² (4. ... 1969 was a common year starting on Wednesday For other uses, see Number 1969. ... The downtown San Francisco skyline, looking east from the central part of the city. ... State nickname: The Golden State Other U.S. States Capital Sacramento Largest city Los Angeles [[List of Governors of California|Governor]] Arnold Schwarzenegger (R) Official languages English Area 410,000 km² (3rd)  - Land 404,298 km²  - Water 20,047 km² (4. ... Paul Pressler is the CEO of Gap, Inc. ... (See also List of types of clothing and Clothing terminology) Humans nearly universally wear articles of clothing (also known as dress, garments, or attire) on the body. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... 2005(MMV) is a common year starting on Saturday of the Gregorian calendar. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... 2005(MMV) is a common year starting on Saturday of the Gregorian calendar. ... The front page of the English Wikipedia website. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the largest stock exchange in the world, although its trading volume was exceeded by that of NASDAQ (historic comparison graph {pdf}) during the 1990s. ... In commerce, a retailer buys goods or products in large quantities from manufacturers or importers, either directly or through a wholesaler, and then sells individual items or small quantities to the general public or end user customers, usually in a shop, also called store. ... This page is a candidate for speedy deletion. ... State nickname: The Golden State Other U.S. States Capital Sacramento Largest city Los Angeles [[List of Governors of California|Governor]] Arnold Schwarzenegger (R) Official languages English Area 410,000 km² (3rd)  - Land 404,298 km²  - Water 20,047 km² (4. ... Old Navy is a brand of clothing and chain of stores that is owned by Gap Inc. ... Banana republic (or Bananaland) is a pejorative term for describing a country with a non-democratic or unstable government, especially where there is widespread political corruption and strong foreign influence. ... Forth & Towne is a brand of clothing stores that is owned by Gap Inc. ... (See also List of types of clothing and Clothing terminology) Humans nearly universally wear articles of clothing (also known as dress, garments, or attire) on the body. ...

Contents


History

The Gap was founded in 1969 by Donald Fisher and Doris Fisher. The name came from the growing differences between children and adults, called "the generation gap", which reached its peak with the hippie movement. The Fishers had been frustrated with the lack of decent customer service and fashionable styles at other retailers. One of the original mottos of the company was "Levi's for Guys and Gals." The Gap began creating its own private label clothing in 1982 and had stopped carrying other labels altogether by 1990, when Gap stopped carrying Levi's jeans. 1969 was a common year starting on Wednesday For other uses, see Number 1969. ... Donald G. Fisher (born 1928) is a businessman. ... A generation gap describes a vast difference in cultural norms between a younger generation and their elders. ... Flower-Power Bus Hippie (or sometimes hippy) is a term originally used to describe some of the rebellious youth of the 1960s and 1970s. ... Levis are a brand of riveted denim jeans manufactured by Levi Strauss & Co. ... 1982 is a common year starting on Friday of the Gregorian calendar. ... 1990 is a common year starting on Monday of the Gregorian calendar. ... Levis are a brand of riveted denim jeans manufactured by Levi Strauss & Co. ... Blue Jeans Jeans are trousers made from denim. ...


As of April 2, 2005, Gap Inc. had approximately 150,000 employees and operated 3,005 stores worldwide.


Donald Fisher retired as Chairman of the Board in 2004 and was replaced by his son, Robert Fisher. The Fisher family collectively owns about 25% of the company. The current CEO of the Gap is Paul Pressler, who previously ran the Disney theme parks. Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Paul Pressler is the CEO of Gap, Inc. ... Walt Disney Parks and Resorts is the division of The Walt Disney Company which manages and builds the theme parks and vacation resorts for which Disney is famous. ...


Banana Republic, formerly a catalog retailer selling safari themed clothing, was purchased by the company in 1983, and eventually was rebranded as an upscale clothing retailer. Old Navy was launched in 1994, as a value chain with a specialty flair. Banana republic (or Bananaland) is a pejorative term for describing a country with a non-democratic or unstable government, especially where there is widespread political corruption and strong foreign influence. ... 1983 is a common year starting on Saturday of the Gregorian calendar. ... Old Navy is a brand of clothing and chain of stores that is owned by Gap Inc. ... 1994 was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ...


In December of 1995 the Gap became the first major North American retailer to accept independent monitoring of the working conditions in a contract factory producing its garments. This acceptance came after an international campaign of media criticism and consumer pressure that was organized in Canada by the Maquila Solidarity Network and the Ontario District Council of the Union of Needletrades, Industrial and Textile Employees (UNITE). In the United States the campaign was coordinated by the National Labor Committee. 1995 was a common year starting on Sunday of the Gregorian calendar. ... This is a list of topics on working time and conditions. ... The Maquila Solidarity Network (MSN) describes itself as: A Canadian network promoting solidarity with groups in Mexico, Central America, Africa, and Asia organizing in maquiladora factories and export processing zones to improve conditions and win a living wage. ... The Union of Needletrades, Industrial, and Textile Employees (UNITE) was a labor union in the United States, formed in 1995 as a merger between the International Ladies Garment Workers Union (ILGWU) and the Amalgamated Clothing and Textile Workers Union (ACTWU). ...


In 2004, the Gap sold all of its German operations to the Swedish H&M, its main competitor in Europe. 2004(MMIV) is a leap year starting on Thursday of the Gregorian calendar. ... H&M Hennes & Mauritz AB, is a Swedish clothing company, known for their inexpensive and fashionable clothing offerings. ...


In September 2004, the Gap announced the launch of a new chain called Forth & Towne; its first location opened on August 24, 2005, in the Palisades Center in West Nyack, New York. The chain's selection will be targeted at women older than 35. (More Information) September is the ninth month of the year in the Gregorian Calendar and one of four Gregorian months with 30 days. ... Forth & Towne is a brand of clothing stores that is owned by Gap Inc. ... August 24 is the 236th day of the year in the Gregorian Calendar (237th in leap years), with 129 days remaining. ... 2005(MMV) is a common year starting on Saturday of the Gregorian calendar. ... The Palisades Center, operated by the Pyramid Group and mall GM Peter Janoff, often referred to as the Palisades Mall, is the largest shopping mall in the New York City metropolitan area, located in West Nyack, New York off exit 12 of the New York State Thruway I-87, at... West Nyack is a hamlet (and census-designated place) located in Rockland County, New York. ...


Criticisms

The Gap has received mounting criticism over working conditions in its factories. During the spring of 2003 The Gap, along with 21 other companies, was involved in a class action lawsuit filed by sweatshop workers in Saipan. The allegations included "off the clock" hours, where workers were not paid for working overtime, unsafe working conditions, and forced abortion policies. A settlement of 20 million dollars was reached but The Gap contends that the allegations were without merit, saying that lumping the companies together in one lawsuit was unfair. This article needs to be cleaned up to conform to a higher standard of quality. ... Saipan (IPA: in English) is the largest island and site of the capital of the United States Commonwealth of the Northern Mariana Islands, (a chain of 14 tropical islands in the western Pacific Ocean) with a total area of 120 km² (46. ...


Commercials

In 1998, Gap commissioned music video director Mike Mills to make a set of visually striking ads to promote their khakis. They introduced the white letterbox format that has become the signature style of their commercials to date. In addition to the unique visual elements and the use of popular music, the commercials are also notable for introducing the American public to time slice photography, more commonly known as "bullet-time" in their commercial "Khakis Swing" (a year before the technology would become popularized by The Matrix). Kylie Minogues video to Spinning Around (2000) A music video (also video clip, promo) is a short film or video meant to present a visual representation of a popular music song. ... A Music Video Director is someone who helps create the treatment and visual overtone of a music video Famous Music Video Directors Brett Ratner Herb Ritts Mariah Carey Hype Williams Joseph Kahn David LaChapelle Paul Hunter Categories: Music Videos ... Mike Mills is a film director/music video director, born who has created videos for such musical acts as Moby, Yoko Ono and Air. ... Khaki, in British or European parlance, is a type of green tinged brown fabric, or the color of such fabric. ... Letterboxing is the practice of copying widescreen film to video formats while preserving the original aspect ratio. ... ... The Matrix is a film first released in the USA on March 31, 1999, written and directed by the Wachowski brothers (Andy and Larry). ...


Phantom Planet frontman Alex Greenwald became the popular face of many television commercials for The Gap. Phantom Planet is a frequently evolving 4-piece band based out of Southern California and has recently achieved fame for its song California, which went on to become the theme song for the popular TV show, The O.C.. Their first record is a surf-rock collection of tunes reminiscent... Alex Greenwald (born October 9, 1979, Los Angeles, California) is the lead singer of Californian band Phantom Planet. ...


Recently, The Gap has begun to use celebrity spokesmodels in their television advertisements, including Madonna, JC Chasez, Missy Elliot, Lenny Kravitz, Sarah Jessica Parker and Joss Stone. Madonna on her Ray of Light album cover Madonna Louise Veronica Ciccone (b. ... Joshua Scott Chasez (born August 8, 1976), known as JC, was a performer on the second incarnation of The Mickey Mouse Club and is a member of the boy band *NSYNC. He has also written and produced several songs for *NSYNC as well as Wild Orchid and a track featured... Missy Elliott on the cover of her album Missy Elliott (born Melissa Arnette Elliott on July 1, 1971 in Portsmouth, Virginia), formerly known as Missy Misdemeanor Elliott, is the first female hip hop superstar, known for a long series of hits including The Rain, Shes A Bitch, Get Ur... Lenny Kravitz, 2005 (José Cruz/ABr) Lenny Kravitz (born Leonard Albert Kravitz on May 26, 1964 in New York) is an American singer, songwriter, record producer, and guitarist whose retro-style amalgam of rock, pop, funk, and even techno is inspired by such music icons as Jimi Hendrix and John... As Carrie Bradshaw in Sex and the City Sarah Jessica Parker (born March 25, 1965) is an Emmy winning American actress, best known for her portrayal of Manhattan sex columnist Carrie Bradshaw on the HBO television series Sex and the City. ... Joss Stone, 2005 Brit Awards Joss Stone (born Joscelyn Eve Stoker on April 11, 1987) is a British soul singer. ...


External links


  Results from FactBites:
 
Gap: laptop with 800,000 job seekers' data stolen | Reuters (464 words)
NEW YORK, Sept 28 (Reuters) - Clothing retailer Gap Inc (GPS.N: Quote, Profile, Research) said on Friday that a laptop computer containing personal information for about 800,000 job applicants was stolen from a vendor it used to manage that data.
Gap said the applicants' Social Security numbers were included in the stolen information and that it is offering them a year of free credit monitoring services with fraud resolution assistance.
But Gap added that it has no reason to believe that the data on the computer was the target of theft or that the personal information has been accessed or used improperly.
Gap Inc.: News & Videos about Gap Inc. - CNN.com (3516 words)
Gap Inc. announced Friday that a laptop containing the personal information of about 800,000 job applicants was stolen from the offices of one of its vendors that manages data for the company.
Gap Inc. announced Thursday that it has appointed Glenn Murphy to serve as chairman and chief executive officer of the clothing retailer which has struggled to keep up with rival chains.
Retailers got a huge boost in March from the early arrival of Easter, but the buoyant mood was tempered by dour sales forecasts for April.
  More results at FactBites »


 

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