Gap Inc. Announces Temporary Closure of Stores in North America
18 March 2020 - 3:53PM
Business Wire
Gap Inc. (NYSE: GPS) today announced that, as a result of the
escalating COVID-19 pandemic, it will temporarily close its Old
Navy, Athleta, Banana Republic, Gap, Janie and Jack and Intermix
stores across North America, effective March 19.
“To assist the efforts underway to slow the spread of the
coronavirus, we are closing all stores in North America for the
next two weeks,” said Sonia Syngal, incoming CEO, Gap Inc. “Our
focus remains on supporting the health and livelihood of our
employees, while caring for our customers and communities. We will
provide our impacted store employees with pay continuity and
benefits during this two-week period. And, together, we look
forward to welcoming our customers back in our stores soon.”
All of the portfolio’s brands continue be available for
customers through e-commerce channels: www.oldnavy.com,
www.gap.com, www.gapfactory.com, www.bananarepublic.com,
www.bananarepublicfactory.com, www.athleta.com,
www.janieandjack.com and www.intermix.com,
To follow the latest news from Gap Inc., visit
https://corporate.gapinc.com/en-us/news.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing,
accessories, and personal care products for men, women, and
children under the Old Navy, Gap, Banana Republic, Athleta,
Intermix, Janie and Jack, and Hill City brands. Fiscal year 2019
net sales were $16.4 billion. Gap Inc. products are available for
purchase in more than 90 countries worldwide through
company-operated stores, franchise stores, and e-commerce sites.
For more information, please visit www.gapinc.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. All statements other than those that are purely
historical are forward-looking statements. Words such as "expect,"
"anticipate," "believe," "estimate," "intend," "plan," and similar
expressions also identify forward-looking statements.
Forward-looking statements include, without limitation, statements
relating to our business plans, objectives and expected operating
results.
Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause the
company’s actual results to differ materially from those in the
forward-looking statements. Information regarding these factors
that could cause results to differ can be found in the company’s
Annual Report on Form 10-K for the fiscal year ended February 1,
2020, as well as the company’s subsequent filings with the
Securities and Exchange Commission.
These forward-looking statements are based on information as of
March 17, 2020. The company assumes no obligation to publicly
update or revise its forward-looking statements even if experience
or future changes make it clear that any projected results
expressed or implied therein will not be realized.
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version on businesswire.com: https://www.businesswire.com/news/home/20200317005898/en/
Sandy Goldberg press@gap.com
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