Glenn K Murphy Net Worth is3.8 $Million
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Logo: Image:Gap logo.svg
Type: Public company
Traded As: GPS, S&P 500
Foundation: San Francisco, California, U.S., August 21, 1969
Founder: Donald Fisher, Doris F. Fisher
Location City: San Francisco, California
Location Country: U.S.
Locations: 3,248 (2011) Key People: Glenn K. Murphy,
Industry: Retailing
Products: Clothing, Fashion accessory
Area Served: Worldwide
Revenue: {{decrease United States Dollar 14.5 billion (FY 2011) Operating Income: net income
Assets: equity
Num Employees: 132,000 (28 January 2012) Divisions: Gap, Athleta
Homepage: 1
The Gap, Inc. (NYSE: GPS) is an American clothing and accessories retailer based in San Francisco, California, and founded in 1969 by Donald G. Fisher and Doris F. Fisher. The company has five primary brands: the namesake Gap banner, Banana Republic, Old Navy, Piperlime and Athleta. As of September 2008, Gap, Inc. has approximately 135,000 employees and operates 3,076 stores worldwide, of which 2,551 are in the United States. Gap, Inc. remains the largest specialty apparel retailer in the U.S., though it has recently been surpassed by the Spanish-based Inditex Group as the world's largest apparel retailer.
Despite the company's publicly traded status, the Fisher family remains deeply involved in Gap, Inc.'s business and collectively owns a significant quantity of the company's stock.Donald Fisher served as Chairman of the Board until 2004, playing a role in the ouster of then-CEO Millard Drexler in 2002, and remained on the board until his death on September 27, 2009. Fisher's wife and their son, Robert J. Fisher, also serve on Gap's board of directors. Robert succeeded his father as chairman in 2004 and also served as CEO on an interim basis following the resignation of Paul Pressler in 2007, before being succeeded permanently by Glenn K. Murphy.
On August 21, 1969, Donald and Doris Fisher opened the first Gap store on Ocean Avenue in San Francisco. The store's merchandise consisted of Levi's and LPs. The Fishers had raised $63,000 to open the store, and in one year, Gap's sales had reached $2 million. In 1970, Gap opened its second store, in San Jose, California, and established its first corporate headquarters in Burlingame, California, with just four employees. Gap grew rapidly. By 1973, it had more than 25 stores, including areas outside Californiaa??entering the East Coast market with a store in Voorhees, New Jersey. In 1974, Gap began to sell private-label merchandise.
Drexler was ousted in 2002 after over-expansion and a 29 month slump in sales, ami

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Posted: October 7, 2014, 5:00 pm
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