Can Gap Inc’s Richard Dickson restore Banana Republic’s retail relevancy?

A model wearing a print set from Banana Republic’s “White Lotus” collection.
“Banana Republic now needs to rediscover a compelling narrative rooted in aspiration,” said Emiko. (Source: Banana Republic)
Gap Inc’s 2025 first quarter fiscal report revealed that the corporation experienced a net sales increase of two per cent in the first quarter of fiscal 2025, reaching $3.46 billion.  The apparel retailer’s operating income increased 26.8 per cent to $260 million, with net income soaring 22 per cent to $193 million. The profitability was attributed to the performance of Gap Inc’s strongest two brands, Gap and Old Navy, which enjoyed a 5 per cent and 3 per cent sales growth, respectively,

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