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Yahoo
6 minutes ago
- Yahoo
Gap Inc. Appoints Maggie Gauger as Athleta President and Chief Executive Officer
Gauger Brings Three Decades of Successful Leadership in Women's Active Apparel SAN FRANCISCO, July 29, 2025 /PRNewswire/ -- Gap Inc. (NYSE: GAP) today announced Maggie Gauger will join the company as Global Brand President and CEO of Athleta effective August 1, as Chris Blakeslee steps down from the role. "As we continue to reinvigorate our house of iconic American brands to not only shape culture but drive profitable, sustainable growth over the long term, we believe in Athleta's incredible potential in the women's active market and within our portfolio," said Gap Inc. CEO Richard Dickson. "Over the past two years, Chris has led the early stages of Athleta's reset, recentering the brand to win with innovative performance product and refining the brand's point of view, helping to position Athleta for the future." Dickson continued, "We are thrilled for Maggie Gauger to join as CEO of Athleta as we look to accelerate the brand's reinvigoration. Maggie blends proven business transformation capabilities, deep consumer centricity, product fluency, and a heartfelt commitment to empowering women and girls. This combination of skills and experiences will equip her to lead Athleta into its next chapter of growth - rooted in purpose, performance, and people." Gauger, a proven leader in women's active sport and style, comes to Athleta with more than 20 years of experience in key leadership roles at Nike, most recently serving as the head of its North America Women's Business, where she was responsible for driving growth, brand love, and customer affinity and acquisition within the large active and athleisure market. Her extensive background across retail, strategy, merchandising, product creation, commerce, digital, and general management - both domestically and globally - are critical assets to the future growth of Athleta. "I'm energized to bring my experience working at the intersection of sport, style and culture to Athleta - a brand with strong purpose and still so much untapped potential," said Maggie Gauger. "Athleta has an unwavering mission focused on the power of women - not just as athletes, but as leaders, creators, and change-makers. And I can't wait to work with the incredible Athleta team to grow, to lead, and to inspire the next generation through the power of product and community." As Gauger transitions into her role, Blakeslee will remain with the company as an advisor to support a smooth transition. For further information, please contact:press@ About Gap Inc., a purpose-driven house of iconic brands, is the largest specialty apparel company in America. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children available worldwide through company-operated and franchise stores, and e-commerce sites. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet through its commitment to bridge gaps to create a better world. For more information, please visit About AthletaA certified B Corporation, Athleta is a premium performance lifestyle brand with a purpose of inspiring and empowering women and girls to find confidence, strength, and wellbeing through movement. Athleta's versatile performance apparel is designed for women by women, with inclusivity at its core. Founded in 1998, Athleta integrates performance and technical features into their products to support women across their entire lifestyle—from yoga and training to travel and recovery. In 2016, the company launched Athleta Girl mirroring its signature performance in styles for the next generation. Based in San Francisco, CA and a Gap Inc. brand (NYSE: GAP), Athleta apparel is available at over 250 retail stores across the United States and Canada and at View original content to download multimedia: SOURCE Gap Inc.
Buzz Feed
8 minutes ago
- Buzz Feed
Billie Eilish Ireland Comments Explained Amid Backlash
On Monday, Billie Eilish was causing a stir on social media after an eyebrow-raising clip from one of her recent Dublin concerts emerged online. For reference, the 23-year-old star is currently in the midst of her Hit Me Hard and Soft world tour, which kicked off back in on Saturday, the show arrived in Ireland for two dates at Dublin's 3Arena venue — and American-born Billie was excited to be in the Emerald Isle due to her Irish ancestry. However, a comment that the singer made at one of her weekend shows sparked backlash when it was later shared to X. In the clip, Billie tells the cheering crowd: 'As you know, I'm Irish, so it's cool to be here.' However, others had a more concerning interpretation of Billie's comments, and one tweet that has been liked more than 172,000 times at the time of writing reads: 'Everyone here is white like me.' Another popular tweet echoed: 'crazy fucking statement to make as a fucking white woman.' And one more claimed: 'Billie really said 'wow that's a lot of white people, i like it here!'' But it turns out that this hugely viral clip was actually taken completely out of context, with the video cutting just before Billie drops the punchline to what was obviously a self-deprecating joke related to stereotypes around Irish people. In the full video, Billie is poking fun at how pale she is, with her entire quote actually being: 'It's really cool to come somewhere and everybody looks exactly like you... You're all just as pasty as me!' Fans of Billie will know that she often jokes about how pale she is — something that she even referenced during her 2021 Saturday Night Live monologue, where she quipped: "I know I look like I've been locked in a basement for 17 years.' And during her appearance on Hot Ones, she confessed: 'I'm so pale that you can literally see every vein in my body when I get hot.' Replying to the full video, one person admitted: 'I do agree that the sentence on its own sounds dumb as hell, but context matters.'
Fast Company
8 minutes ago
- Fast Company
1 in 10 Americans have achieved millionaire status, but the milestone is losing its luster
As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn't afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year. But this summer, the 41-year-old hit a milestone that long felt out of reach: She became a millionaire. A surging number of everyday Americans now boast a seven-figure net worth once the domain of celebrities and CEOs. But as the ranks of millionaires grow fatter, the significance of the status is shifting alongside perceptions of what it takes to be truly rich. 'Millionaire used to sound like Rich Uncle Pennybags in a top hat,' says Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, a wealth management firm in El Segundo, California. 'It's no longer a backstage pass to palatial estates and caviar bumps. It's the new mass-affluent middleweight class, financially secure but two zeros short of private-jet territory.' Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood. A June report from Swiss bank UBS found about one-tenth of American adults are members of the seven-digit club, with 1,000 freshly minted millionaires added daily last year. Thirty years ago, the IRS counted 1.6 million Americans with a net worth of $1 million or more. UBS — using data from the United Nations, World Bank, International Monetary Fund and central banks of countries around the globe — put the number at 23.8 million in the U.S. last year, a nearly 15-fold increase. The expanding ranks of millionaires come as the gulf between rich and poor widens. The richest 10% of Americans hold two-thirds of household wealth, according to the Federal Reserve, averaging $8.1 million each. The bottom 50% hold 3% of wealth, with an average of just $60,000 to their names. Federal Reserve data also shows there are differences by race. Asian people outpace white people in the U.S. in median wealth, while Black and Hispanic people trail in their net worth. Barley was working as a journalist when her newspaper ended its pension program and she got a lump-sum payout of about $5,000. A colleague convinced her to invest it in a retirement account, and ever since, she's stashed away whatever she could. The investments dipped at first during the Great Recession but eventually started growing. In time, she came to find catharsis in amassing savings, going home and checking her account balances when she had a tough day at work. Last month, after one such day, she realized the moment had come. 'Did you know that we're millionaires?' she asked her husband. 'Good job, honey,' Barley says he replied, unfazed. It brought no immediate change. Like many millionaires, much of her wealth is in long-term investments and her home, not easy-to-access cash. She still lives in her modest Orlando, Florida, house, socks away half her paycheck, fills the napkin holder with takeout napkins and lines trash cans with grocery bags. Still, Barley says it feels powerful to cross a threshold she never imagined reaching as a child. 'But it's not as glamorous as the ideas in your head,' she says. All wealth is relative. To thousandaires, $1 million is the stuff of dreams. To billionaires, it's a rounding error. Either way, it takes twice as much cash today to match the buying power of 30 years ago. A net worth of $1 million in 1995 is equivalent to about $2.1 million today, according to the U.S. Bureau of Labor Statistics. A seven-figure net worth is, to some, as outdated a yardstick as a six-figure salary. Nonetheless, 'millionaire' is peppered in everything from politics to popular music as shorthand for rich. 'It's a nice round number but it's a point in a longer journey,' says Dan Uden, a 41-year-old from Providence, Rhode Island, who works in information technology and who hit the million-dollar mark last month. 'It definitely gives you some room to breathe.' No other country comes close to the U.S. in the sheer number of millionaires, though relative to population, UBS found Switzerland and Luxembourg had higher rates. Kenneth Carow, a finance professor at Indiana University's Kelley School of Business, says commonalities emerge among today's millionaires. The vast majority own stocks and a home. Most live below their means. They value education and teach financial responsibility to their children. 'The dream of becoming a millionaire,' Carow says, 'has become more obtainable.' Jim Wang, 45, a software engineer-turned finance blogger from Fulton, Maryland, says even if hitting $1 million was essentially 'a non-event' for him and his wife, it still held weight for him as the son of immigrants who saved money by turning the heat off on winter nights. The private jets he envisioned as a kid may not have materialized at the million-dollar threshold, but he still sees it as a marker that brings a certain level of security. 'It's possible, even with a regular job,' he says. 'You just have to be diligent and consistent.' The resilience of financial markets and the ease of investing in broad-based, low-fee index funds has fueled the balances of many millionaires who don't earn massive salaries or inherit family fortunes. Among them is a burgeoning community of younger millionaires born out of the movement known as FIRE, for Financial Independence Retire Early. Jason Breck, 48, of Fishers, Indiana, embraced FIRE and reached the million-dollar mark nine years ago. He promptly quit his job in automotive marketing, where he generally earned around $60,000 a year but managed to stow away around 70% of his pay. Now, Breck and his wife spend several months a year traveling. Despite being retired, they continue to grow their balance by sticking to a tight budget and keeping expenses to $1,500 a month when they're in the U.S and a few hundred dollars more when they travel. Hitting their goal hasn't translated to luxury. There is no lawn crew to cut the grass, no Netflix or Amazon Prime, no Uber Eats. They fly economy. They drive a 2005 Toyota. 'It's not a golden ticket like it was in the past,' Breck says. 'For us, a million dollars buys us freedom and peace of mind. We're not yacht rich, but for us, we're time rich.'
