PYMNTS-MonitorEdge-May-2024

Banana Republic

Gap Halts Rent Payments On Temporarily Closed Stores
Gap Halts Rent Payments On Temporarily Closed Stores
April 23, 2020  |  Retail

As its retail locations are closed due to the COVID-19 pandemic, Gap cautioned on Thursday (April 23) that it might not have enough cash to...

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Banana Republic Offers Same-Day Delivery, Powered By Postmates
Banana Republic Offers Same-Day Delivery, Powered By Postmates
February 21, 2020  |  Retail

Banana Republic and Postmates have teamed up for an on-demand delivery service, according to Good Morning America. The partnership will enable customers to get same-day...

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Building Innovative Subscription Services With Discovery, Flexibility
Building Innovative Subscription Services With Discovery, Flexibility
February 17, 2020  |  Subscription Commerce

To provide consumers with the curation of a subscription box or the flexibility of a rental platform, digital innovators are tapping into the subscription business...

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2019: The Year Of The Clothing Subscription
2019: The Year Of The Clothing Subscription
December 30, 2019  |  Retail

This year, eCommerce innovators welcomed consumers who wanted to rent — instead of own — their wardrobes, with clothing rental startups growing their reach through the...

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Gap Inc Comp Sales Drop 4 Pct, Athleta Reports Nearly 5 Pct Of Online Sales From BOPIS
Gap Inc Comp Sales Drop 4 Pct, Athleta Reports Nearly 5 Pct Of Online Sales...
November 22, 2019  |  Earnings

In the wake of the departure of former CEO Art Peck amid sluggish sales, Gap Inc. reported that fiscal year 2019 comparable sales were down 4 percent versus flat last...

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Gap CEO To Exit Amid Sluggish Sales
Gap CEO To Exit Amid Sluggish Sales
November 07, 2019  |  Personnel

The Chief Executive of apparel company Gap Inc. will step down immediately, according to a report in The Wall Street Journal. Art Peck is leaving...

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Retail Pulse: Wayfair Opens Mall Store; Banana Republic Unveils Style Passport
Retail Pulse: Wayfair Opens Mall Store; Banana Republic Unveils Style Passport
August 23, 2019  |  Retail

Online furniture retailers are stepping further into the world of physical retail with permanent brick-and-mortar stores. Wayfair, for instance, opened a store at the Natick...

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Banana Republic Unveils Women’s Apparel Subscription Service
Banana Republic Unveils Women’s Apparel Subscription Service
August 19, 2019  |  Retail

To provide unlimited access to its collection of women’s apparel, Banana Republic unveiled its online subscription service called Style Passport. The company plans to roll...

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Gap Inc. Plans Big Channel Changes Amid Evolving Retail Landscape
Gap Inc. Plans Big Channel Changes Amid Evolving Retail Landscape
March 01, 2019  |  Retail

As Gap Inc. looks to improve the channel mix of its eponymous brand and shutter specialty stores, the retailer beat analysts’ earnings estimates but fell...

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