recess Inc. (The Gap) is an international retailer specializing in clothing, accessories and personal care products for men, women, children and babies. It is wiz of the worlds largest specialty retailers, with more than 3,100 stores worldwide and revenues of over $15.8 billion in 2007. Gap Inc. employs more than 150,000 employees around the world. The following report analyzes Gap Inc.?s structure, products, mission, revenues and leadership.
IntroductionThe first Gap store was opened in San Francisco in 1969. The name ?The Gap? was a play on the Generation Gap; as such their target sense of hearing was teens and young adults. Don Fisher, the founder of The Gap, was a successful unfeigned estate developer when he founded the store, a fact that would upstartr sleep together into play with respect to the troupe?s environmental policy. The late 1960s saw a surge in the comport and purchasing of blue jeans among the youth of America. At that time Levi Strauss & angstrom unit; Co, who was the chief manufacturer of blue jeans, sold their jeans primarily through and through larger department stores and clothing outlets. Fisher realized that a small chain of stores devoted to selling blue jeans could be much more effective and efficient in distributing jeans than the menses merchandising outlets.
Fisher opened his first store good San Francisco University, selling both records and blue jeans, with the intent that the record sales would draw in the customers, who would then buy the jeans. Unfortunately, the customers failed to notice the jeans for sale. after(prenominal) the near failure of his first new store, Fisher pose ads in local papers advertising jeans for sale at ?rock bottom? prices. The jeans quickly sold and the Gap stores took off. By the end of 1970, The Gap had six stores and revenues of over $2 million.
The company thrived...
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