Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap, Banana Republic, Old Navy, and Athleta.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackOct 31 (Reuters) - In March, clothing retailer Gap Inc joined numerous Western companies in announcing that it was halting deliveries to Russia to protest its invasion of Ukraine. But Russian customs records reviewed by Reuters show that between March 11 and July 16, Gap's franchisee in Moscow received 1,585 clothing shipments with a declared value of $5.2 million. More than three-quarters of the deliveries list the supplier as Gap Europe Ltd, a London-based unit of Gap Inc.
Online sales running; stopped shipments to franchisees in Russia officially but continues not-officially.