Can Gap Inc turn beauty into its next growth engine? Experts weigh in

two women in satin dresses
“Gap’s move into beauty is both timely and strategically sound.”. Supplied.
Last week, after reporting rising sales across three of its four retail banners in Q2, thanks to the success of its ‘fashiontainment’ turnaround strategy, Gap Inc announced the upcoming launch of a new beauty range in a bid to diversify its offerings. The range will launch with an initial test-and-learn phase at Old Navy later this year, with 150 store locations to feature a curated assortment of beauty and personal care products, and select stores to offer dedicated shop-in-shops and beauty

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