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Headquarters:
Two Folsom Street
San Francisco, CA 94105
Employees: 134,000
CEO: Glenn Murphy
Stock Symbol: GPS
Website:
http://www.gapinc.com
Career Site
Gap is one of the nation's leading chain
of clothing stores operating under the brand names Gap, Old Navy
and Banana Republic. Stores are located in major malls or outdoor
shopping centers.
The Gap chain offers American style clothing
from jeans, khakis and shirts at affordable prices. Old Navy
offers lower-priced items including denim, t-shirts, and cargo
pants. Banana Republic offers a higher-priced, luxury line of
clothing along with accessories and shoes.
Gap has products for sale in over 90 countries. There are about 175 franchised locations internationally. The company's headquarters are in San Francisco and product design offices are in New York City.
The company ended fiscal year 2010 with 3,246 store locations in 31 countries.
There were 1,111 Gap stores at the end of 2010 in North America, 184 in Europe and 135 in Asia. There were 1,082 Old Navy stores and 576 Banana Republic locations in North America.
In 2010, Gap reported sales of $14.66 billion, a 3% increase, and net earnings of $1.2 billion.
2010 sales by division were:
Gap North America.: $3.80 billion
International: $1.92 billion
Banana Republic North America: $2.27 billion
Old Navy North America: $5.37 billion
Gap Inc Direct: $1.30 billion
In fiscal year 2010, the company opened 118 stores weighted towards international outlets and franchise, and closed 103 stores weighted towards Gap North America.
The company said it plans the following this year: continuing to remodel Old Navy stores with the goal of having nearly 400 in the new format by the end of fiscal year 2011; opening about 75 new franchise stores; opening about 50 company-owned stores internationally, including about 10 to 15 stores in China, 8 to 10 stores in Italy, and 25 outlet stores; expanding Athleta in North America, with about 8 to 10 store openings by the end of fiscal year 2011; and continuing to grow online, both internationally and domestically.
History
Doris and Don Fisher opened the first Gap
store in San Francisco in 1969. Don Fisher said there was a simple
idea behind the store: "to make it easier to find a pair
of jeans." The second Gap store was opened in San Jose in
1970. The company would go public on the NYSE in 1976.
Gap would acquire Banana Republic in 1983.
The first Gap store outside the U.S. opened in London in 1987.
Old Navy would open its first store in Colma, CA in 1994.
Employee Benefits
Health & Wellness
- Medical
- Dental
- Vision
- Health Care Flexible Spending Account
- NurseLine: A service that allows employees to speak with a
registered nurse 24 hours a day, seven days a week.
Peace of Mind
- Life insurance
- Disability insurance
- Accidental death and dismemberment insurance
- Business travel accident insurance
A Helping Hand
- Employee Assistance Program (EAP) Life Resources: A confidential
service that provides counseling resources to help employees
and their families cope with personal problems. Also assists
employees with referrals to child care, elder care, legal and
financial resources.
- Home loans
- Moving and relocation assistance
- Travel assistance
Preparing for the Future
- 401(k) plan
- Employee Stock Purchase Plan
Individual and Career Development
- Tuition reimbursement: We support full-time employees' professional
development by reimbursing tuition fees for approved work-related
courses.
- Internal placement: We encourage employees to develop their
careers, in partnership with their manager, by pursuing new opportunities
within the company.
·- Performance management: A resource-rich site on our
company intranet provides everything employees need to manage
their own performance and develop others. The site includes useful
information for setting goals, planning development and participating
in performance reviews.
- Learning and development: Beginning the first day of orientation,
we work to inspire individuals and teams to reach their full
potential.
Time Off
- Paid time off: 20 to 35 paid days to use toward vacation, sickness
or personal time, in addition to seven paid holidays per year.
Family Time
- Dependent Care Flexible Spending Account
- BabyLine, a pre-natal risk assessment service
- babyGap gifts for newborn and newly adopted children
- Adoption Assistance Reimbursement Program
- Phase Out/Phase Back Program to assist new parents
Giving Back
- Take Five: Gap Inc. employees are encouraged to take up to
five hours a month of paid time off to volunteer with organizations
in their community.
- Money for Time: For every 15 hours an employee volunteers with
a qualified nonprofit, Gap Foundation will donate $150 to that
organization.
- Gift Match: Gap Foundation matches - dollar for dollar - employee
contributions to the charitable organizations of their choice.
Food and Transport
- Cafe-style restaurants in many of our corporate buildings
- Inter-office shuttles between San Francisco and San Bruno headquarters
campuses
Merchandise Discounts
·- Generous employee merchandise discounts at Gap, Banana
Republic and Old Navy
Updated March 3, 2011
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