Gap Inc. is bracing for a potential financial hit of up to $150 million this year as a result of ongoing U.S. tariffs, the company has disclosed. According to Gap, if the current 30% tariffs on Chinese goods and 10% duties on most other imports remain unchanged, the retailer could face additional costs ranging from…
Gap, the American retail giant, has announced the appointment of Richard Dickson as its new CEO, nearly a year after the departure of its previous leader. Currently serving as Mattel’s president and chief operating officer, Dickson will take on the role at Gap, bringing with him a wealth of experience from his 20-year tenure at…
The Gap Inc reported better-than-expected results, despite experiencing sales drops across all its brands and net losses in the fourth quarter. This positive outcome was also observed in other retailers like Urban Outfitters Inc. (NASDAQ: URBN), Kohl’s Corporation, and Abercrombie & Fitch Co. that exceeded earnings expectations. Gap’s shares surged around 15% following the news,…
American rapper and businessman, Kanye West is terminating his relationship with Gap. In a new interview, the fashion designer accused the clothing retailer of taking his shirt designs to sell for $20 and pricing the actual Yeezy items at $200. According to a CNBC report, Kanye West terminated his partnership with Gap Inc and accused…
