Gap Inc. Announces Temporary Reduction in Store Hours Across Brands
2020年3月16日 - 12:30PM
ビジネスワイヤ(英語)
Gap Inc. (NYSE: GPS) today announced that, as a result of the
evolving COVID-19 pandemic, it has temporarily reduced store hours
for all of its stores across the US and Canada. Beginning Monday,
March 16, the company will operate the following times, with
further reductions in some locations*:
- Old Navy: 11am-8pm Monday – Saturday; 11am-6pm Sunday
- Athleta: 10am-6pm Monday – Saturday; 11am-6pm Sunday
- Banana Republic, Banana Republic Factory, Gap, Gap Outlet and
Janie and Jack: 11am-7pm Monday – Saturday; 11am-6pm Sunday
The company also shared that it will close select stores based
on guidance from government officials and health authorities, as
well as other location-based factors, such as dependence on public
transportation.
Additionally, the company has implemented enhanced continued pay
policies to further support both its full and part time employees
in light of this situation.
To read a note from incoming Gap Inc. CEO, Sonia Syngal, visit
https://corporate.gapinc.com/en-us/news.
*We will continue to update store hours as the situation
progresses. Hours may vary by location, and certain locations have
been closed temporarily.
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. These factors include, without
limitation, the following risks, any of which could have an adverse
effect on the company’s financial condition, results of operations,
and reputation: the risk that the company or its franchisees will
be unsuccessful in gauging apparel trends and changing consumer
preferences; the highly competitive nature of the company’s
business in the United States and internationally; the risks
associated with engaging in or seeking to engage in strategic
transactions; the risk of failure to maintain, enhance and protect
the company’s brand image; the risk of failure to manage key
executive succession and retention and to continue to attract
qualified personnel; the risk that the company’s investments in
customer, digital, and omni-channel shopping initiatives may not
deliver the results the company anticipates; the risk if the
company is unable to manage its inventory effectively; the risks to
the company’s business, including its costs and supply chain,
associated with global sourcing and manufacturing; the risk that
the company is subject to data or other security breaches that may
result in increased costs, violations of law, significant legal and
financial exposure, and a loss of confidence in the company’s
security measures; the risk that a failure of, or updates or
changes to, the company’s information technology systems may
disrupt its operations; the risk of changes in global economic
conditions or consumer spending patterns; the risks to the
company’s efforts to expand internationally, including its ability
to operate in regions where it has less experience; the risk that
the company or its franchisees will be unsuccessful in identifying,
negotiating, and securing new store locations and renewing,
modifying, or terminating leases for existing store locations
effectively; the risks to the company’s reputation or operations
associated with importing merchandise from foreign countries,
including failure of the company’s vendors to adhere to its Code of
Vendor Conduct; the risk that the company’s franchisees’ operation
of franchise stores is not directly within the company’s control
and could impair the value of its brands; the risk that trade
matters could increase the cost or reduce the supply of apparel
available to the company; the risk of foreign currency exchange
rate fluctuations; the risk that comparable sales and margins will
experience fluctuations; the risk that changes in the company’s
credit profile or deterioration in market conditions may limit the
company’s access to the capital markets; the risk of changes in the
regulatory or administrative landscape; the risk of natural
disasters, public health crises, political crises, negative global
climate patterns, or other catastrophic events; the risk of
reductions in income and cash flow from the company’s credit card
arrangement related to its private label and co-branded credit
cards; the risk that the adoption of new accounting pronouncements
will impact future results; the risk that the company does not
repurchase some or all of the shares it anticipates purchasing
pursuant to its repurchase program; and the risk that the company
will not be successful in defending various proceedings, lawsuits,
disputes, and claims.
Additional information regarding 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 2, 2019, 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 15, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200315005066/en/
Sandy Goldberg press@gap.com
Gap (NYSE:GPS)
過去 株価チャート
から 6 2024 まで 7 2024
Gap (NYSE:GPS)
過去 株価チャート
から 7 2023 まで 7 2024