Gap

The Gap, Inc.[3] (NYSE: GPS) is an American clothing and accessories retailer based in San Francisco, California, and founded in 1969 by Donald G. Fisher and Doris F. Fisher.On August 21, 1969, Donald and Doris Fisher opened the first Gap store on Ocean Avenue in San Francisco. The store's merchandise consisted of Levi's and LPs. The Fishers had raised $63,000 to open the store,and in one year, Gap's sales had reached $2 million. In 1970, Gap opened its second store, in San Jose, California, and established its first corporate headquarters in Burlingame, California, with just four employees. Gap grew rapidly. By 1973, it had more than 25 stores, including areas outside California—entering the East Coast market with a store in Voorhees, New Jersey. In 1974, Gap began to sell private-label merchandise.However Drexler was ousted in 2002 after over-expansion and a 29 month slump in sales, amid tensions between himself and the Fisher family. Drexler refused to sign a non-compete agreement and eventually became CEO of J. Crew. One month after Drexler's departure, sales rebounded strongly due to merchandise that he had ordered.Robert J.
Type :Public
Traded as :NYSE: GPS
S&P 500 Component
Industry :Retail
Founded :San Francisco, California, U.S.
August 21, 1969
Founder(s) :Donald Fisher
Doris F. Fisher
Headquarters :San Francisco, California, U.S.
Number of locations :3,248 (2011)[1]
Area served :Worldwide
Key people :Glenn K. Murphy
(Chairman and CEO)
Products :Clothing, accessories
Revenue :increase US$ 14.664 billion (2010)[2]
Operating income :decrease US$ 1.968 billion (2010)[2]
Net income :decrease US$ 1.204 billion (2010)[2]
Total assets :decrease US$ 7.065 billion (2010)[2]
Total equity :decrease US$ 4.080 billion (2010)[2]
Employees :134,000 (January 2011)[2]
Divisions :Gap
Banana Republic
Old Navy
Piperlime
Athleta
Website:gap.com



Gap Fashion Garments
Gap Market
Gap Fashion Garments