kimair
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The Gap brand debuts a prototype today in seven Denver locations (for more on the prototype, see accompanying story). “We consider this the expression of our store of the future,” Paul Pressler, president and chief executive officer, said at the company’s first analysts’ day in San Francisco on Thursday.
Also, Pressler announced that its fourth brand, which will appeal to Boomer women aged 35 and older, will be called Forth & Towne and will open four stores in Chicago and one in New York next fall. Each store will be 8,000 to 10,000 square feet, offer a broad range of styles, with price points below traditional department stores and somewhere between Gap and Banana Republic. While the name tries to evoke a sense of place, the inspiration for the concept comes from the old grand dame department store flagships of bygone eras, with high service standards and lots of selection.
With its historically huge emphasis on sportswear, the company plans to devote greater space to petites, handbags, jewelry and personal care at Banana Republic, which expects to have five freestanding petite units by the end of this year.