The Gap, Inc.'s number of associates worldwide from 2008 to 2021
The Gap, Inc.
The Gap was founded in San Francisco, California in 1969 and is now a major international clothing retailer which also owns and operates Old Navy, Banana Republic, and Athleta, to name a few. Old Navy operates around 1,252 locations in North America, making it the largest of the stores brands. In 2021, The Gap, Inc. generated net sales of around 16.67 billion U.S. dollars, an increase from 13.8 billion U.S. dollars the previous year.
U.S. Clothing Shopping Behavior
In 2021, 17 percent of Americans aged 16 to 29 had shopped for clothes at Gap, rising to 18 percent for 30 to 49 year olds. For the age group under 25 years, the average annual expenditure on men's and boy's clothing in the U.S. was 232 U.S. dollars. For the age range 35 to 44 years it was 515 dollars.