Doris Fisher, Co-Founder of Gap, Passes Away at 94
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy GAP?
Source: Newsfilter
- Founder’s Passing: Doris Fisher, co-founder of Gap, passed away at the age of 94, having opened the first Gap store in San Francisco in 1969 with her late husband Donald, establishing one of America's most recognizable clothing retailers.
- Innovative Market Positioning: Fisher coined the name 'The Gap' to target the rapidly growing teenage market, successfully capitalizing on the denim demand surge in the 1970s, which helped position Gap as one of the world's most influential specialty apparel retailers.
- Company Growth: Today, Gap operates approximately 3,570 stores globally, with annual sales around $15 billion, encompassing brands such as Old Navy, Gap, Banana Republic, and Athleta, showcasing its significant impact in the apparel industry.
- Cultural and Philanthropic Contributions: Fisher served as a merchandising consultant until 2003 and remained on the board until 2009; she founded the Gap Foundation, embedding philanthropy into the company culture and advocating for gender equality in the workplace.
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Analyst Views on GAP
Wall Street analysts forecast GAP stock price to rise
15 Analyst Rating
12 Buy
3 Hold
0 Sell
Strong Buy
Current: 24.560
Low
25.00
Averages
31.07
High
41.00
Current: 24.560
Low
25.00
Averages
31.07
High
41.00
About GAP
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, include buying online pick-up in-store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences. Gap includes adult apparel and accessories brands that offer GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections, as well as limited-edition collections with GapStudio and with partner brands. Athleta is a premium performance lifestyle brand for women and girls. Athleta products are available at Company-operated stores across the United States and Canada, franchise retail locations globally, and online.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Doris Fisher, Co-Founder of Gap, Passes Away at 94
- Founder’s Passing: Doris Fisher, co-founder of Gap, passed away at the age of 94, having opened the first Gap store in San Francisco in 1969 with her late husband Donald, establishing one of America's most recognizable clothing retailers.
- Innovative Market Positioning: Fisher coined the name 'The Gap' to target the rapidly growing teenage market, successfully capitalizing on the denim demand surge in the 1970s, which helped position Gap as one of the world's most influential specialty apparel retailers.
- Company Growth: Today, Gap operates approximately 3,570 stores globally, with annual sales around $15 billion, encompassing brands such as Old Navy, Gap, Banana Republic, and Athleta, showcasing its significant impact in the apparel industry.
- Cultural and Philanthropic Contributions: Fisher served as a merchandising consultant until 2003 and remained on the board until 2009; she founded the Gap Foundation, embedding philanthropy into the company culture and advocating for gender equality in the workplace.
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Major Refunds for U.S. Importers Following Supreme Court Ruling
- Massive Refunds: The Supreme Court's ruling mandates the federal government to refund approximately $166 billion in tariffs, which will significantly enhance the financial positions of blue-chip retailers heavily reliant on imports, potentially boosting their stock prices.
- Walmart's Major Benefit: Walmart is set to receive about $10.2 billion in refunds, a substantial amount that, while modest compared to its $713 billion revenue, will have a significant impact on its adjusted operating income of approximately $8.7 billion.
- Refunds for Other Retailers: Target is expected to receive $2.2 billion, Nike around $1 billion, and Kohl's and Home Depot are projected to get $550 million and $540 million respectively, providing these companies with a financial cushion for future growth.
- Legal Risks Ahead: While the refunds are positive news for retailers and their shareholders, the fact that many passed tariff costs onto consumers may lead to lawsuits, posing risks to their brand reputation and future profitability.
See More
Trump Warns Companies Not Seeking Tariff Refunds
- Tariff Refund Potential: The U.S. Customs and Border Protection has opened a portal for importers to seek over $160 billion in potential tariff refunds, which could provide significant financial relief for many large retailers.
- Trump's Warning: In an interview, Trump stated he would
See More
Trump Says He Will Remember Companies Not Seeking Tariff Refunds
- Tariff Refund Opportunity: Trump stated he will remember U.S. companies, particularly Apple and Amazon, that do not seek tariff refunds, which could impact their relationship with the government, especially regarding trade policies.
- Potential Refund Amount: The U.S. Customs and Border Protection has opened a portal for importers to apply for over $160 billion in potential tariff refunds, representing a significant financial opportunity for major retailers like Levi Strauss and Gap.
- Levi Strauss Expectations: Levi Strauss's CFO indicated the company expects to receive around $80 million in tariff refunds, which would significantly enhance its financial position amid the current trade environment.
- Gap's Financial Impact: Gap's CFO noted that the tariff impact has been significant on performance, and while refunds have not been factored into their outlook, the company is closely monitoring the situation, which may lead to future adjustments in financial forecasts.
See More
U.S. Importers Set to Claim $160 Billion in Tariff Refunds
- Total Tariff Refunds: U.S. importers, including Walmart and Target, are set to claim over $160 billion in tariff refunds following a Supreme Court ruling, although the refund process may encounter complex legal and bureaucratic hurdles.
- Claims Filing System Launch: The U.S. Customs and Border Protection will launch the CAPE claims filing portal on Monday, allowing importers to submit claims for refunds on tariffs imposed under the now-invalidated Trump administration authority, which is expected to streamline the refund process but still requires multiple validations.
- Retailer Refund Expectations: Analysts project Walmart will receive $10.2 billion in refunds, Target $2.2 billion, and Nike $1 billion, with these refunds potentially reflecting positively on future financial reports by improving profits and cash flow.
- Legal Risk Warning: While refunds could provide short-term financial benefits, trade lawyers caution that companies may face legal risks as many have passed tariff costs onto consumers, potentially leading to lawsuits from customers.
See More
U.S. Tariff Refund Claims Portal Launches Amid Skepticism
- Tariff Refund Portal Launch: The U.S. Customs and Border Protection launched a tariff refund claims portal on Monday, expected to facilitate over $160 billion in refunds for importers, including Walmart, although analysts express skepticism about the speed of these refunds.
- Massive Refund Estimates: According to Citi's analysis, Walmart is projected to receive $10.2 billion, Target $2.2 billion, and Nike $1 billion in refunds, highlighting the significant financial impact on major retailers from the tariff refund process.
- Legal Vulnerability Concerns: Trade lawyers warn that while refunds could enhance company financials, the potential for lawsuits arises as many companies passed on tariff costs to consumers, increasing compliance risks and complicating the refund process.
- Uncertainty in Future Tariff Policies: Treasury Secretary indicated the possibility of reinstating tariffs through Section 301, raising concerns among importers about future tariff implications, especially as the current refund process remains uncertain and could affect market dynamics.
See More
Doris Fisher, Co-Founder of Gap, Passes Away at 94
- Founder’s Passing: Doris Fisher, co-founder of Gap, passed away at the age of 94, having opened the first Gap store in San Francisco in 1969 with her late husband Donald, establishing one of America's most recognizable clothing retailers.
- Innovative Market Positioning: Fisher coined the name 'The Gap' to target the rapidly growing teenage market, successfully capitalizing on the denim demand surge in the 1970s, which helped position Gap as one of the world's most influential specialty apparel retailers.
- Company Growth: Today, Gap operates approximately 3,570 stores globally, with annual sales around $15 billion, encompassing brands such as Old Navy, Gap, Banana Republic, and Athleta, showcasing its significant impact in the apparel industry.
- Cultural and Philanthropic Contributions: Fisher served as a merchandising consultant until 2003 and remained on the board until 2009; she founded the Gap Foundation, embedding philanthropy into the company culture and advocating for gender equality in the workplace.
See More
Major Refunds for U.S. Importers Following Supreme Court Ruling
- Massive Refunds: The Supreme Court's ruling mandates the federal government to refund approximately $166 billion in tariffs, which will significantly enhance the financial positions of blue-chip retailers heavily reliant on imports, potentially boosting their stock prices.
- Walmart's Major Benefit: Walmart is set to receive about $10.2 billion in refunds, a substantial amount that, while modest compared to its $713 billion revenue, will have a significant impact on its adjusted operating income of approximately $8.7 billion.
- Refunds for Other Retailers: Target is expected to receive $2.2 billion, Nike around $1 billion, and Kohl's and Home Depot are projected to get $550 million and $540 million respectively, providing these companies with a financial cushion for future growth.
- Legal Risks Ahead: While the refunds are positive news for retailers and their shareholders, the fact that many passed tariff costs onto consumers may lead to lawsuits, posing risks to their brand reputation and future profitability.
See More
Trump Warns Companies Not Seeking Tariff Refunds
- Tariff Refund Potential: The U.S. Customs and Border Protection has opened a portal for importers to seek over $160 billion in potential tariff refunds, which could provide significant financial relief for many large retailers.
- Trump's Warning: In an interview, Trump stated he would
See More
Trump Says He Will Remember Companies Not Seeking Tariff Refunds
- Tariff Refund Opportunity: Trump stated he will remember U.S. companies, particularly Apple and Amazon, that do not seek tariff refunds, which could impact their relationship with the government, especially regarding trade policies.
- Potential Refund Amount: The U.S. Customs and Border Protection has opened a portal for importers to apply for over $160 billion in potential tariff refunds, representing a significant financial opportunity for major retailers like Levi Strauss and Gap.
- Levi Strauss Expectations: Levi Strauss's CFO indicated the company expects to receive around $80 million in tariff refunds, which would significantly enhance its financial position amid the current trade environment.
- Gap's Financial Impact: Gap's CFO noted that the tariff impact has been significant on performance, and while refunds have not been factored into their outlook, the company is closely monitoring the situation, which may lead to future adjustments in financial forecasts.
See More
U.S. Importers Set to Claim $160 Billion in Tariff Refunds
- Total Tariff Refunds: U.S. importers, including Walmart and Target, are set to claim over $160 billion in tariff refunds following a Supreme Court ruling, although the refund process may encounter complex legal and bureaucratic hurdles.
- Claims Filing System Launch: The U.S. Customs and Border Protection will launch the CAPE claims filing portal on Monday, allowing importers to submit claims for refunds on tariffs imposed under the now-invalidated Trump administration authority, which is expected to streamline the refund process but still requires multiple validations.
- Retailer Refund Expectations: Analysts project Walmart will receive $10.2 billion in refunds, Target $2.2 billion, and Nike $1 billion, with these refunds potentially reflecting positively on future financial reports by improving profits and cash flow.
- Legal Risk Warning: While refunds could provide short-term financial benefits, trade lawyers caution that companies may face legal risks as many have passed tariff costs onto consumers, potentially leading to lawsuits from customers.
See More
U.S. Tariff Refund Claims Portal Launches Amid Skepticism
- Tariff Refund Portal Launch: The U.S. Customs and Border Protection launched a tariff refund claims portal on Monday, expected to facilitate over $160 billion in refunds for importers, including Walmart, although analysts express skepticism about the speed of these refunds.
- Massive Refund Estimates: According to Citi's analysis, Walmart is projected to receive $10.2 billion, Target $2.2 billion, and Nike $1 billion in refunds, highlighting the significant financial impact on major retailers from the tariff refund process.
- Legal Vulnerability Concerns: Trade lawyers warn that while refunds could enhance company financials, the potential for lawsuits arises as many companies passed on tariff costs to consumers, increasing compliance risks and complicating the refund process.
- Uncertainty in Future Tariff Policies: Treasury Secretary indicated the possibility of reinstating tariffs through Section 301, raising concerns among importers about future tariff implications, especially as the current refund process remains uncertain and could affect market dynamics.
See More
