Gap, Inc.

Overview

Date Founded

1969

Headquarters

2 Folsom Street,San Francisco, CA 94105-1205

Type of Company

Public

Employees (Worldwide)

117K

Industries

Retail: Apparel & Footwear
Retail: Other
Apparel & Footwear
Consumer Services

Company Description

Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children. The Banana Republic Global segment provides clothing, eyewear, jewelry, shoes, handbags and fragrances. The Athleta segment offers fitness apparel for women. The Intermix segment features styles from various designers. The company founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.

Website

http://www.gapinc.com

Contact Data

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In The News

RelSci

March 22, 2021

Salaam Coleman Smith is now serving in a new board position at Gap, Inc.

PR Newswire

March 11, 2021

Petco Announces Addition of Retail Transformation, Finance and Human Capital Management Expertise as well as Further Diversity to Its Board of Directors; Supports the continued development of Petco's digital-led, pet care ecosystem; advances diversity and

PR Newswire

March 10, 2021

Gap Inc. Donates 6 Million Units of Clothing to Vulnerable Refugee and Displaced Families; Gift Represents Single Biggest New Clothing Donation To Date for the UN Refugee Agency

Nasdaq

March 1, 2021

Factors Likely to Influence The Gap's (GPS) Earnings in Q4

Business Wire

February 24, 2021

Gap Inc. Announces Plans to Build New Distribution Center in Longview, Texas to Meet Rising Demand for Digital Shopping; The modernized Customer Experience Center will feature state-of-the art fulfillment technology and automation to support Old Navy's gr

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Executives & Employees

Sonia Syngal

Director, President & Chief Executive Officer

Bobby L. Martin

Executive Chairman

Katrina O’Connell

Executive Vice President & Chief Financial Officer

Shawn Curran

Chief Operating Officer & Executive Vice President

Julie Gruber

Executive Vice President, Global General Counsel, Corporate Secretary & Chief Compliance Officer

Mary Alderete

Chief Marketing Officer

John Strain

Chief Digital & Technology Officer

Sandra Stangl

President & Chief Executive Officer, Banana Republic

Sally Gilligan

Chief Information Officer & Chief Strategy Officer

Asheesh Saksena

Chief Growth Officer

Board of Directors

Bobby L. Martin

Executive Chairman at Gap, Inc.

Robert J. Fisher

Co-Founder at Pisces Foundation

Elizabeth A. Smith

President, Chief Executive Officer & Director at Bain Capital LP

Sonia Syngal

Director, President & Chief Executive Officer at Gap, Inc.

Mayo A. Shattuck III

Former Executive Chairman at Exelon Corporation

John J. Fisher

Managing Partner, Board Member at Oakland Athletics LP

William S. Fisher

Founder at Manzanita Capital Ltd.

Bella D. Goren

Senior Vice President & Chief Financial Officer at American Airlines Pension Fund

Salaam Coleman Smith

Former President-the STYLE Network & Executive Vice President at E! Entertainment Television LLC

Amy E. Miles

Former Chairman & Chief Executive Officer at Regal Entertainment Group

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Gap, Inc.

Owners & Shareholders

Details Hidden

Two Sigma Investments LP

Two Sigma Investments was founded in 2001 by David Siegel, John Overdeck, and Mark Pickard on the belief that innovative technology and data science could help discover value in the world’s data. Today, Two Sigma, through its use of algorithms and with its unique culture, drives transformations in many industries including investment management and insurance.

Details Hidden

Coatue Management LLC

Coatue Management manages client accounts in accordance with a long/short investment strategy. They invest primarily in US and non-US publicly traded equity securities and equity-related securities, such as equity swaps and options. The firm also invests in US and non-US private companies for certain clients. Coatue Management concentrates largely on certain sectors, including the global technology, media, telecommunications, and some healthcare and consumer sectors, and may also focus on companies in the mobile internet, cloud computing, machine learning, mobile gaming, user-generated content and aspects of the sharing economy and Chinese internet sectors. Their investment approach is based on fundamental research. They invest long and also engage in short selling for certain strategies.

Details Hidden

Holocene Advisors, LP

Holocene Advisors seeks to generate superior risk-adjusted absolute returns through a deep, fundamental, bottom-up research process coupled with risk-controlled portfolio construction. The firm employs a global, beta neutral, long/short equity strategy, pursuant to which it will invest, long and short, in publicly traded equities and equity-related instruments across all market capitalizations, though Holocene Advisors intends to invest predominantly in US-listed mid- and large-cap companies. The firm’s investment team strives to maintain a disciplined, sector-specific, fundamental research-driven approach to stock selection.

Recent Transactions

Details Hidden

Gap, Inc. purchases Gym-Mark, Inc. from Gymboree Group, Inc.

Details Hidden

Gap, Inc. purchases Weddington Way, Inc. from Trinity Ventures LP, Battery Ventures, Peterson Partners, Inc., Felicis Ventures Management Co. LLC, Javelin Venture Partners Management LLC, Red Swan Ventures LLC

Details Hidden

Gap, Inc. purchases Intermix, Inc. from Goode Partners LLC

Insider Transactions

Details Hidden

Robert J. Fisher

Details Hidden

John J. Fisher

Details Hidden

Sonia Syngal

Transaction Advisors

Legal Advisor

Orrick, Herrington & Sutcliffe LLP

Advised onGap, Inc. purchases Athleta Corp.

Legal Advisor

Brett E. Cooper

Advised onGap, Inc. purchases Athleta Corp.

Associate

Ahalya Sri Hildreth

Advised onGap, Inc. purchases Gym-Mark, Inc. from Gymboree Group, Inc.

Legal Advisor

Chris Chavez

Advised onGap, Inc. purchases Intermix, Inc. from Goode Partners LLC

Advisors & Consultants

Consultant

The Energy Project

The Energy Project energizes people and transforms companies, offering a detailed blueprint for fueling a fully engaged workforce. Drawing on the multidisciplinary science of high performance, we do this at three levels: We train people to perform sustainably at the highest levels by more skillfully managing their energy across four dimensions: physical, emotional, mental and spiritual to develop actionable strategies that help them to become more energized, focused and productive. We teach leaders to become Chief Energy Officers, who mobilize, inspire, focus, direct and regularly recharge the energy of those they lead. We partner with companies to help them better meet the core needs of their employees, so they’re freed, fueled and inspired to bring the best of themselves to work every day. Demand is exceeding our capacity. Time is the resource we’ve traditionally relied on to get more done. The problem with time is that it’s finite, and most of us no longer have additional hours left to invest at work. Energy, by contrast, can be expanded and regularly renewed. Drawing on the multidisciplinary science of high performance, The Energy Project has developed a set of simple principles and highly actionable practices for more effectively managing energy to drive higher levels of engagement, productivity, and innovation. Our clients range from companies such as Google, Coca Cola, Target, Sony, Ernst & Young, and Pfizer to organizations such as the Los Angeles Police Department, the Cleveland Clinic, Kipp Schools and many others.

Advisor

Sabrina Simmons

Independent Board Director & Audit Chair at Williams-Sonoma, Inc.

Advisor

Teri List

Former Executive Vice President & Chief Financial Officer at Dick's Sporting Goods, Inc.

Legal Advisor

Lorin L. Reisner

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Clients

Synchrony Financial

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.

ThredUp Inc.

thredUP, Inc. operates as an online clothing resale shop. It also provides shoes and handbags. The firm sells its products under the brand names J. Crew, Ann Taylor LOFT, Banana Republic, BCBGMAXAZRIA, Lululemon Athletica, Talbots, Free People, Lilly Pulitzer, and Madewell. The company was founded by James Reinhart, Chris Homer, and Oliver Lubin in January 2009 and is headquartered in Oakland, CA.

Fawaz Abdulaziz AlHokair Co.

Fawaz Abdulaziz Alhokair Co. engages in retail and wholesale of fashion clothing.Its products include women's and men's clothes, kid's wear, shoes, accessories, cosmetics, and home items.It operates through the Fashion Retail and Indoor Entertainments segments. The company was founded by Fawaz bin Abdulaziz Al-Hokair, Salman bin Abdulaziz Al-Hokair, and Abdul Majeed Al-Hokair in March 18, 1990 and is headquartered in Riyadh, Saudi Arabia.

Key Stats and Financials As of 2021

Market Capitalization

$12.1B

Total Enterprise Value

$12.8B

Earnings Per Share

$-1.78

Revenue

$13.8B

Enterprise Value / Sales

0.93x

Enterprise Value EBITDAOperating

37.69x

TEVNet Income

-19.3x

Debt TEV

0.6x

EBITDAMargin

1.42%

EBITDA

$196M

Net Profit

$-665M

Total Debt

$7.66B

Total Equity

$2.61B

Three Year Compounded Annual Growth Rate Of Revenue

-4.52%

Non-Profit Donations & Grants

$250 - $499

2019

Marin Civic Ballet Association

$2,000 - $4,999

2019

New York Road Runners

$100 - $999

2019

Chinese Hospital Association (California)

Political Donations

$2,500

2014

Kevin McCarthy

$5,000

2014

Kamala D. Harris

$5,000

2014

Edmund G. Brown, Jr.

Investors

Details Hidden

Suli Ali

Manager at Basic Capital (GP) LLC

Suppliers

Macerich Co. Trusts & Funds | Santa Monica, California

Macerich® (NYSE: MAC) aligns exceptional retail properties in attractive U.S. markets with the business goals of the nation's retailers and the shopping preferences of local consumers. The company is one of the country’s leading owners, operators and developers of major retail properties. Macerich brings long-experienced management and a conservative approach to guiding its dynamic, well-placed portfolio, along with a commitment to retailer success that endures. Macerich properties include many top-performing centers in high-barrier-to-entry markets, including: Queens Center in New York City Tysons Corner Center in Northern Virginia just outside Washington, D.C. Scottsdale Fashion Square in Arizona Broadway Plaza in Walnut Creek, Calif. Washington Square near Portland, Ore

Tanger Factory Outlet Centers Inc. Trusts & Funds | Greensboro, NC

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

IRC Retail Centers, Inc. Trusts & Funds | Oak Brook, IL

IRC Retail Centers, Inc., a subsidiary of DRA Advisors LLC, is a company headquartered in Oak Brook, IL, that acts as Private Equity Fund. The firm was founded in 1994. Mark E. Zalatoris is the current CEO, occupying that position since 2000. IRC Retail Centers, Inc. was acquired by DRA Advisors LLC on 30 Mar 16 for $1,065.64 million.The company says this about itself: IRC Retail Centers LLC is a real estate company focused on owning and operating open-air neighborhood, community and power shopping centers located in well-established markets primarily in the Central and Southeastern U.S. The company currently has an ownership interest in more than 130 properties totaling approximately 15 million square feet of leasable space. Its necessity and value-centered retail portfolio features properties that deliver the right combination of location, market position, and tenant mix to drive consumer traffic at its centers.

Awards & Honors

Rank #177

2016

Fortune Magazine - Fortune 1000 Companies