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4-Traders Homepage  >  Equities  >  Nyse  >  Gap Inc    GPS

GAP INC (GPS)

Delayed Quote. Delayed  - 07/27 10:03:30 pm
25.58 USD   -0.70%
07/26 GAP : Marks (RED)'s 10th anniversary in the Fight Against AIDS
07/15 GAP : Manatee Bridging the Gap fishing tourney to build relationship..
07/14 GAP : expands in Tennessee, adds 100 jobs at distribution center
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Gap : Marks (RED)'s 10th anniversary in the Fight Against AIDS

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07/26/2016 | 02:03pm CEST

Gap has raised $10M for the Global Fund since 2006;

Launches special product collection to mark (RED)'s 10th anniversary

NEW YORK, July 26, 2016 /CNW/ -- Gap is proud to commemorate (RED)'s 10th anniversary and its role as the founding apparel partner of the AIDS organization founded by Bono and Bobby Shriver. Gap has contributed $10 million dollars to the Global Fund to Fight AIDS, Tuberculosis and Malaria and has encouraged customers to support the fight through its (RED) partnership product collections that have heightened awareness of the AIDS pandemic and the opportunity to end it by 2030. 

Gap_RED_Logo

To mark the anniversary, Gap is releasing a special collection of favorites for the entire family. The iconic (Gap)RED logo design, featuring inspiring text such as SUPER POWE(RED), INC(RED)IBLE and FI(RED) UP, will be offered in tees, sweatshirts and tanks for men, women and kids and in onesies for baby ($24.95-$54.95). Outerwear and denim will also be offered for men and women, including a classic bomber and straight selvedge jeans for men and a denim jacket, jeans and sleeveless puffer vest for women ($79.95-$108). The collection will be available at select Gap stores around the world and on gap.com beginning July 26.

"It is an honor for Gap to celebrate (RED)'s 10th anniversary.  We're proud of Gap's role in helping (RED) launch 10 years ago," said Jeff Kirwan, Global President, Gap. "(GAP)RED takes what we do best – creating great products that people love – and provides customers an opportunity to take part in positive change. We're pleased that our (GAP)RED collections spark meaningful conversations that inspire people to join the movement to end AIDS."

Deborah Dugan, CEO, (RED) said: "This year is an important anniversary year for (RED) which has generated a total of $350 million so far and impacted the lives of 70 million people.  With our wonderful (RED) partners like Gap, we're doubling down on our efforts to fight this preventable, treatable disease. We're honored to see Gap once again bringing great (RED) apparel items to their stores around the world, making it easy for everyone, everywhere, to join the fight."

Mark Dybul, Executive Director, the Global Fund to fight AIDS, Tuberculosis and Malaria, said: "The $10 million generated by Gap through their (RED) partnership underlines the importance of the private sector to ending the AIDS epidemic. Their contribution has enabled the Global Fund to improve the lives of many affected by HIV."

To amplify the collection's important message, Gap will release a series of videos that demonstrate the partnership's impact on the fight against AIDS. This storytelling will engage audiences across Gap's digital channels and social platforms and customers are encouraged to join the conversation by tagging social content with the hashtag #endAIDS.

About Gap
Gap is one of the world's most iconic apparel and accessories brands and the authority on American casual style.  Founded in San Francisco in 1969, Gap's collections are designed to build the foundation of modern wardrobes – all things denim, classic white shirts, khakis and must-have trends.  Beginning with the first international store in London in 1987, Gap continues to connect with customers online and across the brand's about 1,700 company-operated and franchise retail locations around the world. Gap includes Women's and Men's apparel and accessories, GapKids, babyGap, GapMaternity, GapBody and GapFit collections.  The brand also serves value-conscious customers with exclusively-designed collections for Gap Outlet and Gap Factory Stores.  Gap is the namesake brand for leading global specialty retailer, Gap Inc. (NYSE: GPS) which includes Gap, Banana Republic, Old Navy, Athleta and Intermix. For more information, please visit www.gapinc.com.

About (RED)
(RED) was founded in 2006 by Bono and Bobby Shriver to engage businesses and people in the fight against AIDS. (RED) partners with the world's most iconic brands that contribute up to 50% of profits from (RED)-branded goods and services to the Global Fund.  (RED) Proud Partners include: Apple, Bank of America, Beats by Dr. Dre, Belvedere, Claro, The Coca-Cola Company, GAP, MCM, NetJets, Salesforce, SAP, Starbucks, Telcel.

(RED) Special Edition partners include: aden+anais, Alessi, ALEX AND ANI, Billecart-Salmon, Ergo Depot, Fresh, Fatboy USA, Fresh, Girl Skateboards, HEAD, Le Creuset, Live Nation Entertainment, Moleskine, Mophie, NetJets, Piaggio, Uber, and Wolfnoir.

To date, (RED) has generated $350 million for the Global Fund to fight AIDS, Tuberculosis and Malaria, to support HIV/AIDS grants in Ghana, Kenya, Lesotho, Rwanda, South Africa, Swaziland, Tanzania and Zambia. 100 percent of that money goes to work on the ground – no overhead is taken. Global Fund grants that (RED) supports have impacted more than 70 million people with prevention, treatment, counseling, HIV testing and care services.

(RED) is a division of The ONE Campaign. Learn more at www.red.org

Media Contacts:

Gap

Chalin Tulyathan
Gap
212 886 7445
chalin_tulyathan@gap.com

Ellie Heatrick
Edelman
+44 (0)20 3047 2298
Ellie.Heatrick@edelman.com

(RED)

Huw Davies
(RED)
press@red.org

Selected styles from Gap's new (RED) collection available for the entire family.

Logo - http://photos.prnewswire.com/prnh/20160725/392689LOGO
Photo - http://photos.prnewswire.com/prnh/20160725/392793

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gap-marks-reds-10th-anniversary-in-the-fight-against-aids-300303639.html

SOURCE Gap

© Canada Newswire, source Canada Newswire English

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Financials ($)
Sales 2017 15 367 M
EBIT 2017 1 286 M
Net income 2017 748 M
Debt 2017 337 M
Yield 2017 3,57%
P/E ratio 2017 13,71
P/E ratio 2018 12,31
EV / Sales 2017 0,68x
EV / Sales 2018 0,69x
Capitalization 10 180 M
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Mean consensus HOLD
Number of Analysts 34
Average target price 20,9 $
Spread / Average Target -18%
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NameTitle
Arthur L. Peck Chief Executive Officer & Director
Bob J. Fisher Non-Executive Chairman
Sabrina L. Simmons Chief Financial Officer & Executive Vice President
Mayo A. Shattuck Independent Director
Jorge P. Montoya Independent Director
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