banana republic

Refashioning Gap: CEO Sees Future in Outlets, Online

Gap (GPS) might be undergoing an extreme makeover, but the chain is no longer the key growth engine, CEO Glenn Murphy told investors Wednesday. Learn why the apparel giant is shifting its emphasis to its outlet businesses, newer divisions such as Piperlime and Athleta, and overseas growth.

Luxury Retailers Look Past the Baby Boomers

The Great Recession took lot of wealth out of baby boomer pockets, probably for good. That means luxury merchants will have to set their sights on a new demographic for growth in coming years. That group will most likely be the millennials, 25- to 34-year-olds.