- Published: October 2, 2022
- Updated: October 2, 2022
- University / College: University of York
- Level: College Admission
- Language: English
- Downloads: 26
Piperlime is an online shoe store that specializes in marketing over 200 brands of fashionable, upscale footwear. All their products are directly marketed online at dedicated brand websites. In 2007, Gap Inc. test-marketed a brand under the name of Forth and Towne. They subsequently closed 19 stores in 10 cities after the brand failed to demonstrate significant potential. (About Gap Inc: 2007 Annual Report)
Organizational stakeholders, CEO, and executive team
The organizational stakeholders at Gap Inc. are 150, 000 employees, shareholders, CEO, Board of Directors, and executive officeholders. Gap Inc. is headed by CEO Glenn K Murphy, who has over 20 years of retail experience. He has been at the head of Gap Inc. for less than one year and this is his first experience in the apparel industry. Japan and Europe are directed by presidents John Ermatinger and Stephen Sunnucks. Each brand name has an individual president, while the departments of finance, strategy, sourcing, and social responsibility are headed by executive vice presidents. Among the senior staff, Marka Hansen, the president of Gap, is the senior member with 21 years at the company. All other presidents have less than 5 years of tenure with the firm. (About Gap Inc)
Geographic Locations, Size
Gap Inc. currently has stores in 15 countries. Outside North America, they have major outlets in Japan and Europe and recently opened their first store in the United Kingdom. They have additionally expanded their operations through franchising and have 75 franchise stores in the Middle East and Asia. Gap Inc. currently has over 150, 000 employees worldwide. The Gap brand operates 2, 863 stores in North America as of February 2008. They operate 304 stores which are divided about equally between Europe and Asia. While the number of stores has declined in North America in the past year, Asia and Europe have seen a 7 percent increase. (2007 Annual Report)
Revenues
The total revenue for FY2007 was $15. 8 billion. Gap has seen a steady decline since recording a record $16. 3 billion in FY2004. Gap and Old Navy each had revenues of approximately $6. 5 billion and the Banana Republic had revenues of about $2. 8 billion. Banana Republic was the only brand to experience an increase in revenues over FY2006. The US accounts for nearly 80 percent of all of Gap’s revenue. (2007 Annual Report)
