SAN FRANCISCO, March 18, 2020 /CNW/ - 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.
"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."
"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.
SOURCE Gap Canada