Executive Summary
On September 12, 2019, Gap hosted its investor day in New York City. The company provided an overview of its brands: Athleta, Old Navy, Gap, Banana Republic, and its direct-to-consumer brands, Hill City and Intermix. Highlights include:
- Old Navy’s active lifestyle category is its fastest growing, and has hit $1 billion in sales.
- Old Navy and Athleta are expanding inclusive sizing.
- Athleta has grown at a 23% CAGR over the past 7 years and will open its first outlet store.
- 20 Old Navy suppliers account for 60% of sourcing spending.
- Banana Republic is focusing on appealing to younger consumers.
- Splitting Gap and Old Navy into two brands is expected to create “dis-synergies.”
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