Gap Plans Growth 2022

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RETAIL IN EUROPE

 

Gap CEO reports on turnaround efforts, growth plans
Syngal (Slaven Vlasic/Getty Images) from nrf.smartbrief.com
Gap has streamlined its namesake and Banana Republic banners over the past two years and jettisoned smaller brands including Piperlime and Intermix to position the company for growth, CEO Sonia Syngal said at the retailer’s annual shareholder meeting. “We also entered into agreements to transition our European business to market share leaders in France, Italy and the UK, which provides us a more capital-efficient model to grow internationally,” Syngal said.

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