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Gap Timeline Wednesday, July 23     Author
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4Q Profit Up By 21%  Gap Inc. closed out its 3rd consecutive year of declining sales with a 21% increase, reflecting the gains from cost cutting triggered by the slump Old Navy's top exec steps down  Gap has parted ways with Dawn Robertson, an executive who spent the past 16 months trying to engineer a turnaround Cost Cutting Sparks 3Q Profit Surge  Apparel retailer's profit rose 26% as lower marketing costs helped offset a slowdown in sales at its Gap and Old Navy chains Bonds charged with perjury, obstruction Gap Severs Ties With Child Sweatshop

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                    2007 (10)
                    2006 (8)
                    2005 (4)
                    2004 (2)
                    2003 (3)
                    2002 (3)
                    2001 (3)

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Legend  
Gap boosts profit on cost management


May 2008 ... more > Top ^

May.22
  Clothing retailer boosted its 1Q profit by 40% despite a persistent sales slump that likely to deepen this summer


February 2008 ... more > Top ^

Feb.28
Feb.19


year 2007 Top ^

Nov.21
Oct.28
  A British newspaper found children as young as 10 making clothes in a sweatshop in New Delhi
Sep.29 Theft of laptop with 800K applicants' info
  People who applied for jobs at the Gap in 2006 may have fallen into a security breach
May.16 Layoffs Could Number In Hundreds  Gap Inc. employs 4,500 people at its San Francisco and San Bruno offices May.3 Plans to reduce workforce  Gap Inc. said it will cut jobs to bring down expenses. About 1,500 to 2,000 positions could be eliminated of the 150,000 who work for the co... Explosion causes connector collapse Mar.2 Gap Profits Plunge  Gap Inc.'s fourth-quarter profit fell 35% in a gloomy performance that triggered a recent management purge Feb.9 Gap recovers as sales end slide  Gap is posting higher-than-expected sales in January amid more shakeups in management Jan.22 CEO Quits After Poor Season Profits
  Gap Inc. dumped Paul Pressler after a year of broken promises that culminated in a dismal holiday shopping season


year 2006 Top ^

Dec.1 November was cruel month for Gap  Gap continuing to falter despite heavy promotions and stores recording strong gains 49ers dump Candlestick for Santa Clara Aug.17 2Q Profit Falls, Lowers Year View
  Profit dropped by more than 50% because of sluggish sales. Gap dramatically cut its forecast for the year May.19 Profit shrinks as decline continues  Gap Inc. saw its first-quarter profit decline 17% and reported a net income of $242 million Apr.7 Sales hit bump in road again  The retailer reported a 13% drop in same-store sales and continues to show no sign of reversing declines Mar.3 Troubles continue to plague chain  Same-stores sales plummeted 11%, with Old Navy suffering the sharpest drop Feb.24 Profit fall 11% in 4th quarter Jan.17 Gap, IBM in $1.1 Billion Services Deal

year 2005 Top ^

Dec.23 Gap Pays CEO, Other Execs $10.1 Million
Video sparked investigation into SFPD Aug.19 Gap lowers forecast after profit May.6 Sales fall 5% in April

year 2004 Top ^

Nov.18 Quarterly profit flattens as sales sag  The company earned $265 million, or 28 cents per share, an increase of less than 1% from $265 million the last year Officials perform first gay marriages


year 2003 Top ^

Dec.9 Founder to step down as chairman  Donald Fishe, 75, is stepping down as chairman of the retailing icon that he started 34 years ago as a frustrated shopper Nov.20 3rd-quarter profit nearly doubles  Company earned $262.6 million, or 28 cents per share, for the 3 months ended Nov. 1. Aug.21 2nd-quarter earnings more than triple  Sales jumped 13% over last year. Gap earned $209 million, or 22 cents per share

year 2002 Top ^

Oct.3 Jobs resigns from Gap's board Sep.26 Gap picks Disney exec as new CEO
  Gap has picked Paul Pressler as its new president and CEO, replacing Millard 'Mickey' Drexler
May.21 CEO announces retirement plans
  Millard 'Mickey Drexler to retire in a decision that raised new questions about the company's troubles

year 2001 Top ^

Bonds breaks season record Aug.9 Gap cut 800 employees  Clothing store job cuts were deeper than first reported Woman dies after dog attack

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Homes for Sale in East Bay (San Francisco Bay Area)