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This month, we revealed our Q3 earnings and are proud to share we grew our net sales for the 4th consecutive quarter, gained market share for the 7th consecutive quarter and delivered our highest Q3 operating margin in seven years. Our teams have been hard at work executing against our brand reinvigoration playbook, bringing our customers new collaborations, experiences, and products from Gap’s collab with CULT GAIA and Old Navy’s nostalgic ’94 Reissue collection to Athleta’s limited-edition collection with Simone Biles, and Banana Republic’s fall campaign featuring Carolyn Murphy and Hikari Mori. Thank you to our employees who have helped us make significant progress in our journey to reinvigorate our brands and connect with our customers, while executing our strategic priorities with rigor and discipline.
Our CEO, Richard Dickson, recently sat down with Hilary Milnes at the virtual Vogue Business Executive Summit to share his vision for Gap Inc.’s house of iconic American brands. From embracing innovation to crafting meaningful collaborations and creating products that inspire, we're reimagining Gap Inc. and how our brands will shape culture for generations to come.
Our company was built on a foundation of creativity, founded in the creative hub that is San Francisco. And for over 55 years that has been the heart of who we are at Gap Inc. Through our partnership with Nest we've helped launch Makers United in San Francisco, a program which helps bridge the opportunity gap and provides makers with a platform to grow their creative businesses. We're committed to investing in emerging talent in our own community, supporting the next generation of creators, and celebrating the power of local art and design.
Creativity has been an integral part of our company’s identity and the heart of our legacy for 55 years. From the clothes we create to the culture we shape, everything we do is designed to push our collective imagination further, unlocking opportunities for our employees and our communities. We recently announced our partnership with Nest, a non-profit dedicated to creating equitable opportunity for all creative entrepreneurs. We are joining forces to bring Makers United to San Francisco—a program designed to bridge equity gaps and empower creatives across the Bay Area, offering trainings, workshops, peer networking, and connection with local makers and customers to help them grow their small businesses. Together with Nest, we’re dedicated to uplifting our Gap Inc. creative culture and the vibrant, diverse, and talented maker community that drives our city’s creative economy forward. Learn more at link below!
Our global volunteer efforts are a core part of our purpose to bridge gaps to create a better world. As we launch our annual Gap Inc. Volunteer Rally, our employees are coming together to honor our founders' commitments to give back to the communities we serve. Hear from team members across our business who champion volunteerism and how they make an impact with organizations that matter to them most:
“I call it putting candy in the road. You don’t have to see the end result yet. But if you can see two or three steps of where I’m trying to get to, that’s good enough.” - Richard Dickson After decades helping iconic brands rediscover the narratives that made them great, Gap Inc.'s CEO and storyteller-in-chief shares his personal history in this month's Fast Company. From his childhood in the garment business, to his earliest days in retail, Richard revealed the backstory that makes him such a great fit to lead this next chapter in the evolving story of our house of brands.
The 2024 ADWEEK Creative 100 list is full of inspiring and disruptive brand-builders, including Zac Posen – Executive Vice President and Creative Director of Gap Inc., and CCO of Old Navy. Zac joined Gap Inc. earlier this year and is continuing to drive impact and creative excellence across our portfolio of brands. From designing with Gap denim for the Met Gala red carpet to working with Tracee Ellis Ross and Yara Shahidi on set for Old Navy’s Summer TV campaign, Zac is recognized amongst the industry’s top talent for his ability to “tap into the zeitgeist.” Read more about Zac and the rest of the Creative 100 on ADWEEK:
For this back-to-school season, Gap commissioned a survey that found 85% of parents believe their children are more confident and enthusiastic about school when they choose their own outfit for the first day. Embracing self-expression, GapKids' newest collection encourages kids to move freely as true originals and feel like their most confident selves. Featuring baggy denim cargos, elevated hoodies, and varsity jackets, every piece is designed to celebrate the next generation of GapKids while offering choices that kids love and parents trust.
Back-to-School season is here! This year, Old Navy's 'Don’t Grow Up, Grow Out' campaign celebrates joys of kidhood by spotlighting the multidimensionality of kids. As kids embark on a new school year, they can explore diverse activities, discover passions, and express themselves through fashion. The campaign encourages kids to try it all with on-trend and affordable fashion that fuels their creativity and expresses their multifaceted personalities.
At a time when women are dominating on and off courts, tracks, mats and fields, Athleta is inviting women to not just play the game but change it with inspiring campaigns, events, and partnerships this summer. The brand’s newest campaign featuring long-standing Athleta partner Simone Biles is now airing nationwide, inviting women and girls to embrace their unique power. Check it out at the link below.
