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Gap : Cotton Leads welcomes GAP Inc.’s continued sustainability commitment

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10/06/2017 | 08:41am CEST

The Cotton LEADS program has welcomed its newest member, Gap Inc., and applauded the company’s move to extend its commitment to sustainable raw material sourcing. The leading global retailer joins more than 470 program partners that acknowledge the ongoing sustainable gains by United States and Australian cotton growers.

Gap Inc., which includes Gap, Banana Republic, Old Navy and Athleta brands, previously announced a range of sustainability goals, including a 50 percent reduction of greenhouse gas emissions (GHG) from their global operations by the end of 2020. In April, Gap brand committed to sourcing 100 percent of its cotton from more sustainable sources by 2021, and Athleta aims to use 80 percent sustainable fibers in Athleta apparel by 2020.

“Reducing the climate and water impacts of our product assortment and our global supply chain remain a key focus for us,” says Melissa Fifield, senior director of Sustainable Innovation at Gap Inc. “The GHG reductions already achieved by cotton growers from Australia and the United States give us confidence that by partnering with the Cotton LEADS program we can encourage and support measurable, real reductions to help meet our sustainability goals.”

Mark Messura, Cotton Incorporated’s senior vice president, Global Supply Chain Marketing (a Cotton LEADS program founding member), noted other benefits.

“Retail, brand and manufacturing partners in the Cotton LEADS program recognize the investments in responsible production that Australian and U.S. growers are making, along with their commitment to supporting improvements in cotton globally,” Messura said. “These efforts in continual improvement come from the cotton producers themselves and impose no downstream costs on the supply chain.”

Cotton LEADS is a partnership between the entire United States and Australian cotton industries to promote responsible cotton production practices. One unique program aspect is that the growers invest in their research and development and share best practices for the industry.

“The Cotton LEADS program aims to influence cotton supply chain strategies by raising awareness of characteristics common to the U.S. and Australian cotton industries,” says Adam Kay, CEO of Cotton Australia, another Cotton LEADS founding organization. “Our countries have responsible production practices, extensive regulations that protect the environment and people, the ability to affect positive changes at national scales—all combined with independent, scientifically-based measurement of environmental impacts and traceability.”

Cotton LEADS partners include global manufacturers, brands and retailers. The partners are committed to the Cotton LEADS program’s principles, and encourage the use of sustainable and responsibly-grown cotton.

Source: National Cotton Council of America

© 2017 Penton Media, source Trade Journals Open Web

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Financials ($)
Sales 2018 15 567 M
EBIT 2018 1 392 M
Net income 2018 822 M
Finance 2018 561 M
Yield 2018 3,39%
P/E ratio 2018 13,05
P/E ratio 2019 12,75
EV / Sales 2018 0,65x
EV / Sales 2019 0,64x
Capitalization 10 667 M
Duration : Period :
Gap Inc Technical Analysis Chart | GPS | US3647601083 | 4-Traders
Technical analysis trends GAP INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 30
Average target price 26,6 $
Spread / Average Target -2,0%
EPS Revisions
Arthur L. Peck Chief Executive Officer & Director
Bob J. Fisher Non-Executive Chairman
Teri L. List-Stoll Chief Financial Officer & Executive Vice President
Paul Joseph Chapman Chief Information Officer & Executive VP
Mayo A. Shattuck Independent Director
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