Latest news with #GapStudio
Business of Fashion
29-05-2025
- Business
- Business of Fashion
Gap's Quarterly Sales Beat on Strong Demand for Old Navy, Namesake Brands
Gap kept its annual forecasts intact after beating Wall Street expectations for first-quarter sales on Thursday as more customers shopped for its Old Navy and namesake brands following a style refresh over the past few quarters. Under CEO Richard Dickson, the company has stabilised sales by implementing initiatives such as remodelling of Gap stores and bringing in trendy clothing. Gap has taken steps including partnerships with actor Parker Posey of the White Lotus TV series and Disney collaborations. The company also launched sports apparel line StudioSmooth under the Old Navy brand and featured more vivid prints and silk clothing at its Banana Republic banner. Comparable sales at Old Navy rose 3 percent, while at Gap banner it increased 5 percent. The results come at a time when most retailers including Walmart and Target have struck a cautious tone due to the impact of US President Donald Trump's tariffs on global trading partners. Most companies have either withdrawn, cut or stuck to their annual expectations while the global economic environment remains volatile with a US trade court blocking most of Trump's tariffs on Wednesday and an appeals court reinstating them a day later. Gap, which bought less than 10 percent of its merchandise, by dollar value, from factories in China in fiscal 2024, said it expects incremental costs of about $250 million to $300 million but has strategies to mitigate more than half of that amount. It retained its fiscal 2025 sales forecast of 1 percent to 2 percent growth and operating income growth of 8 percent to 10 percent. Gap said the forecast does not reflect the potential effect of tariffs. The company's first-quarter revenue rose 2.2 percent to $3.46 billion, compared with analysts' average estimates of $3.42 billion, according to data compiled by LSEG. It reported a profit of 51 cents per share. Analysts were expecting earnings of 45 cents. By Ananya Mariam Rajesh; Editing by Shounak Dasgupta Learn more: Why Gap Is Going Premium With the new GapStudio line, creative director Zac Posen is introducing an edgier, fashion-forward perspective and a platform for monetising his designs on the red carpet, such as Gap's latest custom outfit for Timothée Chalamet.
Business of Fashion
25-05-2025
- Business
- Business of Fashion
This Week: Three Questions for Retailers
We are in the home stretch of retail earnings season, which has been more eventful than usual thanks to the tariffs and some unexpected dealmaking. Some of the biggest newsmakers of 2025 report this week. Here are a few questions we'll be looking for them to answer: How much will consumers pay for sneakers? We know how much hedge funds and retailers will pay for sneakers: 3G paid $9 billion and change for Skechers earlier this month, closely followed by Dick's Sporting Goods' $2.4 billion acquisition of Foot Locker. Of the two deals, the latter is likely to be far more consequential. Executives already got on the phone with analysts after the deal was announced, so Wednesday's earnings call may not provide too many new details about Dick's plans. But the company can talk about whether consumers will keep buying sneakers at higher price points. Nike is reportedly planning to raise prices by $5 on shoes costing between $100 and $150, which covers most of the selection at Foot Locker. Adidas and Puma will likely follow their rival's lead. The Swiss running brand On, a major presence at Dick's with prices starting around $150, has already said to expect hikes by July. At more luxury-focused sneaker retailers like Kith, a few dollars might not draw too much attention. But the Foot Locker customer wants stylish sneakers at more affordable prices. Will Tariffs Derail Gap's Turnaround, and Abercrombie's Soft Landing? Now that the Trump administration has for the time being taken the most severe tariffs off the table, it's the retail edge cases that can shed the most light on how trade policy is playing out with shoppers. Gap Inc. is on a tear, with shares trading close to a four-year high as a turnaround takes hold, particularly at the company's namesake brand. The real test is whether sales continue to grow even as consumers pull back on spending; buzz-generating initiatives like Zac Posen's premium Gap Studio line are meant to keep the brand at the top of the shopping list. Abercrombie & Fitch was the hottest mall brand for several years running, but has seen growth start to slow in recent quarters. It issued a cautious outlook for the quarter that will be covered in Wednesday's results, and will hope to avoid falling short of already low expectations. What beauty products do shoppers still want to buy? The lipstick index is dead. Consumers are in too gloomy a mood even for the smallest luxuries these days, judging by dismal sales at Estée Lauder, Coty, Shiseido and other beauty giants. Ulta Beauty, which reports Thursday, is on the front lines in more ways than one, with its exposure both to struggling beauty brands and Target's troubles. E.l.f. Beauty, reporting Wednesday, can add the tariffs to its list of woes. The brand's affordable dupes helped it rule the post-pandemic beauty boom. Unfortunately, some 80 percent of those products are made in China. The company's stock is back above Liberation Day levels now that the Trump administration has lowered tariffs on Chinese imports to a more manageable 30 percent. On Friday, the brand told customers it would raise prices across the board by $1. Look on Wednesday for guidance as to whether an earlier forecast for sales to grow by about 20 percent in the coming year still holds. The Week Ahead wants to hear from you! Send tips, suggestions, complaints and compliments to
Yahoo
09-05-2025
- Entertainment
- Yahoo
Stars Brought the Glamour for the New York City Ballet Spring Gala
If you've been binging Étoile like us, then ballet is right in the front of your mind. All the glamour, the pageantry, the pointe shoes. It makes you want to get dressed up and head over to Lincoln Center. Last night, celebrities did just that to celebrate the spring season of the New York City Ballet. The 2025 Spring Gala had a 'Masked Ball' theme, and Claire Danes, Hugh Dancy, Ariana DeBose, Nina Dobrev, and Diane Kruger were all co-chairs. Some stars showed up in masks, while others opted for big gowns and lots of drama. Danes wore a custom GapStudio by Zac Posen dress with her hair slicked back. Ariana Debose's ensemble was from designer Bibhu Mohapatra. Nina Dobrev wore a voluminous pink gown. Diane Kruger was the only one of the co-chairs who wore a mask. All the celebrities and attendees gathered for a night of fantastical ballet. Dobrev told Vogue, 'You can see the precision that goes into every step, but the dancers make it feel so effortless. It's a beautiful paradox.' Also in attendance was Tiler Peck, principal dancer for the New York City Ballet, who also has a fun part in Étoile. The dancer shares behind-the-scenes looks at what goes into a ballet performance on her TikTok, if you've ever wondered what the life of a ballerina is like. The night's performance was 'Vienna Waltzes,' which NYC Ballet says 'showcases Balanchine's fondness for the waltz, featuring opulent scenery, sumptuous costumes, and more than 50 dancers in dreamlike motion.' See all the pictures of the celebrities in attendance in GapStudio by Zac Bibhu Nardos. In Ines Di Santo Fall/Winter 2025 in Oscar de la Renta Resort Might Also Like 4 Investment-Worthy Skincare Finds From Sephora The 17 Best Retinol Creams Worth Adding to Your Skin Care Routine
Fibre2Fashion
06-05-2025
- Entertainment
- Fibre2Fashion
Laura Harrier wears couture denim look by Gap at Met Gala in NYC
At the 2025 Met Gala, actress Laura Harrier debuted a custom look by Zac Posen, Executive Vice President and Creative Director of Gap Inc. The look was designed in the GapStudio at the Brand's headquarters in New York City, where American classics are reimagined through a couture lens. Integrating Gap's design heritage with couture-level detailing, the look draws on the brand's deep authority in denim and natural fibers. The look combines raw, natural denim, shank buttons, and double-needle stitching—hallmarks of the Gap brand—with elongated pant legs cut in double-face duchess silk satin, a fabric more often found in evening wear than casual wear. Voluminous sheer sleeves in cotton organdie add softness and airiness, echoing Gap's use of natural textiles like cotton poplin. At the 2025 Met Gala, Laura Harrier wore a custom GapStudio look by Zac Posen, blending denim heritage with couture elements like duchess satin and organdie. Inspired by Black dandyism and Harrier's family history, the outfit marks Posen's first Met Gala pants design. Posen wore a Banana Republic tuxedo tailored by Mr. Ned, honouring craftsmanship and expression. This marks Posen's first-ever Met Gala creation to feature pants—a deliberate, symbolic choice aligned with the evening's theme: a tribute to Black style, personal presentation, and the historical significance of Black dandyism as a form of elegance, resistance, and self-definition. "Dandyism was both a form of rebellion and a uniform of entry," said Posen . "I wanted to honor that dichotomy by applying a sculptural technique to tailoring—treating a pant look with the reverence I typically reserve for a gown." The design was also informed by archival family photographs of Harrier's father and grandfather in their Sunday best, offering a personal connection through which the look celebrates Black heritage, family, and tradition. It is both a tribute and a transformation—uniting workwear and aristocracy, restraint and expression. GapStudio launched in April 2025 with Collection 01, signaling a new direction for Gap rooted in expert tailoring, modern silhouettes, and limited-edition drops. The studio's work is currently appearing on red carpets and aims to bring artistry and accessibility into the global style conversation. Zac Posen attended the Met Gala wearing a custom Banana Republic suit, the look underscores the brands commitment to quality and craftsmanship—blending American and Italian tailoring with a wool-linen blend from Italy's esteemed Marzotto mill, tailored by Mr. Ned—the family-owned bespoke suit makers in New York City. The result is a sophisticated, denim-inspired tuxedo that embraces the spirit of dandyism using fabrics that evoke bold contrasts and expressive character. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Malaysian Reserve
06-05-2025
- Entertainment
- Malaysian Reserve
ZAC POSEN UNVEILS CUSTOM DESIGN MADE IN THE GAP STUDIO FOR LAURA HARRIER AT THE MET GALA
A Bold Tribute to Black Dandyism, Tailoring, and Feminine Strength: Zac Posen, in custom Banana Republic, dresses Laura Harrier in a custom look made in the Gap Studio crafted from raw, natural denim—a nod to Gap's heritage and denim's role in self-expression and originality. NEW YORK, May 5, 2025 /PRNewswire/ — Tonight at the 2025 Met Gala, actress Laura Harrier debuted a custom look by Zac Posen, Executive Vice President and Creative Director of Gap Inc. The look was designed in the Gap Studio at the Brand's headquarters in New York City, where American classics are reimagined through a couture lens. Integrating Gap's design heritage with couture-level detailing, the look draws on the brand's deep authority in denim and natural fibers. The look combines raw, natural denim, shank buttons, and double-needle stitching—hallmarks of the Gap brand—with elongated pant legs cut in double-face duchess silk satin, a fabric more often found in evening wear than casual wear. Voluminous sheer sleeves in cotton organdie add softness and airiness, echoing Gap's use of natural textiles like cotton poplin. This marks Posen's first-ever Met Gala creation to feature pants—a deliberate, symbolic choice aligned with the evening's theme: a tribute to Black style, personal presentation, and the historical significance of Black dandyism as a form of elegance, resistance, and self-definition. 'Dandyism was both a form of rebellion and a uniform of entry,' said Posen. 'I wanted to honor that dichotomy by applying a sculptural technique to tailoring—treating a pant look with the reverence I typically reserve for a gown.' The design was also informed by archival family photographs of Harrier's father and grandfather in their Sunday best, offering a personal connection through which the look celebrates Black heritage, family, and tradition. It is both a tribute and a transformation—uniting workwear and aristocracy, restraint and expression. GapStudio launched in April 2025 with Collection 01, signaling a new direction for Gap rooted in expert tailoring, modern silhouettes, and limited-edition drops. The studio's work is currently appearing on red carpets and aims to bring artistry and accessibility into the global style conversation. Zac Posen attended the Met Gala wearing a custom Banana Republic suit, the look underscores the brands commitment to quality and craftsmanship—blending American and Italian tailoring with a wool-linen blend from Italy's esteemed Marzotto mill, tailored by Mr. Ned—the family-owned bespoke suit makers in New York City. The result is a sophisticated, denim-inspired tuxedo that embraces the spirit of dandyism using fabrics that evoke bold contrasts and expressive character. Press Contacts:Gap Inc. | PR Consultinggap@ About Gap Inc. Gap Inc., a 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. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company operated stores, franchise stores, and e-commerce sites. Fiscal year 2024 net sales were $15.1 billion. For more information, please visit About Gap Gap is a globally recognized icon of casual American style. Founded in San Francisco in 1969, Gap champions originality by creating loved essentials and delivering culturally relevant experiences that celebrate individuality. Gap is an adult apparel and accessories brand that offers GapKids, babyGap, Gap Maternity, GapBody and GapFit collections. The brand also serves value-conscious customers with exclusively designed collections for Gap Outlet and Gap Factory Stores. Gap is the namesake brand and global specialty retailer, Gap Inc. (NYSE: GAP) and connects with customers online and in company operated and franchise retail locations globally. For more information, please visit About Banana Republic: Banana Republic is a storyteller's brand, outfitting the modern explorer with high-quality, expertly crafted collections and experiences to inspire and enrich their journeys. Founded in 1978 in San Francisco, Banana Republic connects with customers across online and company-operated and franchise retail locations globally. For more information, please visit and follow @BananaRepublic on social channels.
