Company Snapshot: Gap Inc.
2 Folsom St.
San Francisco, CA 94105
Total Current Stores:
More than 3,200 stores worldwide.
All 50 U.S. states and United Kingdom, Canada, France, Ireland, Japan, China and Italy.
Chairman and CEO, Glenn Murphy
Exec VP and CIO, Tom Keiser
Gap Inc. has been seen in headlines recently as the company reported same-store sales fell 4%. By division, same-store sales fell 3% at Gap North America, and 6% at Old Navy. Banana Republic’s domestic same-store sales were unchanged compared with the year-ago period. The international division, which is seeing the most store-count growth, had an 8% decline. For the full year, sales dipped 1% to $14.5 billion for the year, and same-store sales were down 4% compared with a 2% increase last year.
In fiscal year 2012, the company said it expects to open about 125 company-operated stores, 55 of which are international. About 115 company-owned stores are slated for closure.