OPERATIONS

Gap to franchise Old Navy overseas, grow smaller brands at home

BY Katherine Boccaccio

San Francisco — In a presentation to shareholders at its annual investor meeting on Wednesday, Gap CEO Glenn Murphy outlined growth initiatives that include taking Old Navy international via a franchising route, and expanding on its online programs.

According to Murphy, Gap is laying plans to franchise Old Navy stores in international markets in 2014 to accelerate the company’s global growth. "There is meaningful opportunity for our diverse portfolio of brands to gain share in the $1.4 trillion global apparel market," said Murphy in a statement. He didn’t elaborate on how many stores it plans on franchising.

Gap also said it is looking into the possibility of opening company-owned Banana Republic and Gap stores in China, and of expanding its smaller, emerging brands – Athleta, PiperLime and newly acquired Intermix – in North America.

“Gap Inc. is determined to build upon its product and revenue momentum in 2012,” said Murphy.

In addition to international openings and boutique-brand expansion, Gap said it plans to up its omni-channel offerings, examining programs such as ship-from-store, find-in-store and reserve-in-store.

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OPERATIONS

Grocers gather on supermarket industry issues

BY Katherine Boccaccio

Washington, D.C. — Grocery retailers, wholesalers and food industry state association executives representing more than 30 states assembled in Washington, D.C., on Wednesday to urge Congress to act on pro-business reforms that impact their industry.

Members of the National Grocers Association, Food Marketing Institute and the Food Industry Association Executives gathered for the annual "Day in Washington" congressional fly-in, during which grocery company executives and operators meet with Congress and key Congressional staff to discuss issues of importance to the supermarket industry such as healthcare, tax reform, FDA menu labeling, and swipe fees.

The supermarket industry supports changes to the Affordable Care Act that would increase their ability to maintain health coverage and comply with the law. Operators are also urging Congress to co-sponsor H.R. 1249, the Common Sense Nutritional Disclosure Act, bi-partisan legislation that would, in part, ensure that the FDA does not capture mainstream grocery stores in chain restaurant menu labeling regulations.

“It’s great for members of Congress to hear directly from the grocers in their districts about how even the slightest nuances to legislation or regulation can impact their 1% profit-margin-businesses,” said Leslie G. Sarasin, FMI president and CEO.

Attendees of the Day in Washington are also addressing the issue of credit card swipe fees.

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M.Dai says:
Apr-18-2013 10:34 am

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M.Dai says:
Apr-18-2013 10:34 am

The stories of first attempts are really interesting with lots of fun and enthusiasm filled in it. This post gives truly quality information. I'm definitely going to look into it. Really very useful tips are provided here.
flange

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OPERATIONS

J.Crew announces new president, senior execs

BY Katherine Boccaccio

New York — A Wednesday report by Women’s Wear Daily said Libby Wadle been named president of the J. Crew brand, charged with overseeing both the retail and direct businesses of J. Crew, Crewcuts and J. Crew factory outlets. She was previously EVP.

Former chief administrative officer James Scully has been promoted to COO.

In other moves: Two SVPs of merchandising, Laura Willensky and Charlie Phillips, were promoted to EVPs. Tom Mora and Frank Muytjens have been elevated to SVPs of women’s and men’s design, respectively. Mark Demott, formerly SVP, has been named EVP of brand creative. Charlie Miller, formerly a VP, has risen to SVP of asset management.

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