Gap Inc. (GAP)

Company ID: 216 | CIK: 0000039911
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Major Customers (% of Revenue)

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Operational KPIs

Employees (headcount)

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Inventory units (inventory_units)

ABL Facility borrowing capacity (other)

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Advertising costs (other)

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Capital expenditures (other)

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Capital expenditures (net) (other)

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Cash and cash equivalents (other)

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Comp store sales growth (other)

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Cost of goods sold and occupancy expenses margin (other)

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Countries where products available online (other)

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Countries with franchise stores (other)

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Current ratio (other)

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Direct (online) net sales (other)

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Direct net sales growth (other)

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Direct segment sales growth (other)

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Effective income tax rate (other)

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Foreign-sourced merchandise units (other)

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Franchise countries (other)

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Franchise sales (other)

Franchise stores open (other)

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Free cash flow (other)

Gross margin net of occupancy (other)

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Letters of credit outstanding (other)

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Long-term debt (other)

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Merchandise produced domestically (other)

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Online net sales (other)

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Operating expenses as % of sales (other)

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Purchases from China (other)

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Purchases sourcing share (other)

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Sales per square foot (other)

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Short-term investments (other)

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Store and franchise sales (other)

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Store and franchise sales growth (other)

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Store closings (other)

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Store closures (other)

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Store closures net of openings (other)

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Store concepts (other)

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Units produced domestically (other)

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Working capital (other)

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Same-store sales growth (same_store_sales)

Store square footage (square_footage)

Store locations (stores)

Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-01-31plant_closurecompletedNorth AmericaOld NavyMD&A
f5-10k / GLM-5.3-flash-HTML
Net reduction of 7 Old Navy North America store locations during fiscal 2025 (1,249 to 1,242); no employee headcount impact disclosed.
2026-01-31plant_closurecompletedNorth AmericaBanana RepublicMD&A
f5-10k / GLM-5.3-flash-HTML
Net reduction of 22 Banana Republic North America store locations during fiscal 2025 (380 to 358); no employee headcount impact disclosed.
2026-01-31plant_closurecompletedAsiaBanana RepublicMD&A
f5-10k / GLM-5.3-flash-HTML
Net reduction of 2 Banana Republic Asia store locations during fiscal 2025 (42 to 40); no employee headcount impact disclosed.
2026-01-31plant_closurecompletedNorth AmericaAthletaMD&A
f5-10k / GLM-5.3-flash-HTML
Net reduction of 8 Athleta North America store locations during fiscal 2025 (260 to 252); no employee headcount impact disclosed. Company-wide net change was 32 closures; Gap brands had net openings.
2025-02-01plant_closurecompletedUnited States, Canada, Japan, and TaiwanCompany-operated stores across Old Navy, Gap, Banana Republic, and AthletaMD&A
f5-10k / GLM-5.3-flash-HTML
94 company-operated stores closed during fiscal 2024 (Old Navy 14; Gap 37; Banana Republic 31; Athleta 12) versus 38 openings; no associated workforce impact quantified. The $89 million restructuring expense cited in MD&A relates to fiscal 2023 actions and is excluded as prior-year activity.
2024-11-02divestiture_reductionin_progress2022-11-07TaiwanGap brand (Gap Taiwan operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Gap Taiwan operations to transition to Baozun as franchise partner pending regulatory approvals and closing conditions; no headcount impact disclosed. Gap China transition closed 2023-01-31 with no material results impact.
2024-11-02plant_closurein_progressUnited States, Canada, Japan, Taiwan, AsiaCompany-operated stores (Old Navy, Gap, Banana Republic, Athleta)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
47 company-operated stores closed during the 39 weeks ended 2024-11-02 (29 opened; total store locations 2,544). No associated workforce reduction figures disclosed.
2024-02-03restructuringcompleted1,8002023-04-25Primarily headquarters locationsUSD 93 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
April 25, 2023 restructuring plan included workforce reduction of approximately 1,800 employees, primarily in headquarters locations. Fiscal 2023 pre-tax costs of $93 million comprised $64 million employee-related and $29 million consulting/other costs ($4 million in cost of goods sold and occupancy, $89 million in operating expenses). Actions substantially completed in first half of fiscal 2023; remaining $5 million liability at fiscal year-end expected to be settled in fiscal 2024.
2024-02-03divestiture_reductioncompleted2022-11-072023-01-31Greater ChinaGap branddiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Gap Greater China operations transitioned to Baozun as a franchise partner; agreements signed November 7, 2022 and transaction closed January 31, 2023 (fiscal 2023). 89 Gap China stores transitioned (excluded from store opening/closing counts). Impact on fiscal 2023 results not material; no employee headcount disclosed. Gap Taiwan operations continue as usual until regulatory approvals and closing conditions are met.
2024-02-03plant_closurecompletedNorth AmericaGap and Banana Republic brandsMD&A
f5-10k / GLM-5.3-flash-HTML
Multi-year store fleet rationalization initiative completed: closed, net of openings, 344 Gap and Banana Republic stores in North America from the beginning of fiscal 2020 through the end of fiscal 2023 (cumulative through fiscal year-end). Majority of closed stores had leases expiring in the period, allowing exits with minimal net income statement impact; no employee headcount disclosed.
2024-02-03restructuringcompleted1,8002023-04-252023-07-31Primarily United States (headquarters locations)Headquarters / corporate functionsUSD 93 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan included reduction of approximately 1,800 employees; actions substantially completed in first half of fiscal 2023. Charge comprises $64M employee-related and $29M consulting/other. Fiscal 2023 was a 53-week year.
2024-02-03divestiture_reductioncompleted2022-11-072023-01-31Greater ChinaGap brand — stores and in-market websitediscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Gap China operations transitioned to Baozun as franchise partner; closed January 31, 2023. Impact not material to fiscal 2023 results. Headcount not disclosed.
2024-02-03plant_closurecompleted2024-02-03North AmericaGap and Banana Republic brandsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closed net of openings 344 Gap and Banana Republic stores in North America from beginning of fiscal 2020 through end of fiscal 2023; cumulative figure, not fiscal 2023 only. Associated workforce impact not quantified.
2024-02-03restructuringcompleted1,8002023-04-252023-07-31GlobalHeadquartersUSD 93 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduction of workforce primarily in headquarters locations. Actions substantially completed in first half of fiscal 2023. Pre-tax restructuring costs of $93 million.
2024-02-03restructuringin_progressUSD 93,000,000 (absolute)restructuring_footnote
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2024-02-03restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Employee Severance [Member]USD 4,000,000 (absolute)restructuring_footnote
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2024-02-03restructuringin_progressOperating Expense [Member] / Employee Severance [Member]USD 60,000,000 (absolute)restructuring_footnote
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2024-02-03restructuringin_progressEmployee Severance [Member]USD 64,000,000 (absolute)restructuring_footnote
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2024-02-03restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Other Restructuring [Member]USD 0 (absolute)restructuring_footnote
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2024-02-03restructuringin_progressOperating Expense [Member] / Other Restructuring [Member]USD 29,000,000 (absolute)restructuring_footnote
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2024-02-03restructuringin_progressOther Restructuring [Member]USD 29,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-02-03restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-02-03restructuringin_progressOperating Expense [Member]USD 89,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-02-03restructuringin_progressEmployee Severance [Member] / Charges that will be settled with cash payments [Member]USD 65,000,000 (absolute)restructuring_footnote
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2024-02-03restructuringin_progressOther Restructuring [Member] / Charges that will be settled with cash payments [Member]USD 29,000,000 (absolute)restructuring_footnote
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2024-02-03restructuringin_progressCharges that will be settled with cash payments [Member]USD 94,000,000 (absolute)restructuring_footnote
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2023-10-28restructuringin_progress1,8002023-04-25United StatesHeadquarters / corporate functionsUSD 93 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan targets a workforce reduction of approximately 1,800 employees, mostly at headquarters; actions described as substantially completed. Charge shown is total pre-tax restructuring costs for the 39 weeks ended 2023-10-28 ($5M in the 13 weeks), of which $64M was employee-related and $29M consulting/other; $8M liability remained at quarter end. No expected completion date stated.
2023-10-28plant_closurein_progress2023-12-31North AmericaGap and Banana RepublicMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing program to reduce Gap and Banana Republic stores in North America by about 350 from the start of fiscal 2020 through the end of fiscal 2023; 328 net closures through 2023-10-28. Company-operated stores closed during the 39 weeks: 54 (56 opened). No associated workforce count disclosed.
2023-10-28restructuringcompleted1,8002023-04-25Headquarters locationsCorporate / HeadquartersUSD 93 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan committed April 25, 2023 to simplify and optimize operating model. Actions substantially completed. Includes $64M employee-related costs and $29M consulting/other costs for the 39 weeks ended Oct 28, 2023.
2023-10-28restructuringin_progressUSD 5,000,000 (absolute)restructuring_footnote
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2023-10-28restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Employee Severance [Member]USD 0 (absolute)restructuring_footnote
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2023-10-28restructuringin_progressOperating Expense [Member] / Employee Severance [Member]USD -1,000,000 (absolute)restructuring_footnote
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2023-10-28restructuringin_progressEmployee Severance [Member]USD -1,000,000 (absolute)restructuring_footnote
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2023-10-28restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Other Restructuring [Member]USD 0 (absolute)restructuring_footnote
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2023-10-28restructuringin_progressOperating Expense [Member] / Other Restructuring [Member]USD 6,000,000 (absolute)restructuring_footnote
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2023-10-28restructuringin_progressOther Restructuring [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-10-28restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-10-28restructuringin_progressOperating Expense [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-10-28restructuringin_progressEmployee Severance [Member] / Charges that will be settled with cash payments [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-10-28restructuringin_progressOther Restructuring [Member] / Charges that will be settled with cash payments [Member]USD 6,000,000 (absolute)restructuring_footnote
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2023-10-28restructuringin_progressCharges that will be settled with cash payments [Member]USD 6,000,000 (absolute)restructuring_footnote
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2023-07-29restructuringcompleted1,8002023-04-25Primarily headquarters locationsCorporate / headquarters functionsUSD 88 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,800 positions reduced under the Plan; workforce actions substantially completed as of 2023-07-29. Pre-tax charge of $88M for the 26 weeks ended 2023-07-29 ($65M employee-related, $23M consulting and other); $13M incurred in the 13 weeks ended 2023-07-29. Restructuring liability of $26M remained at quarter-end.
2023-07-29restructuringcompleted1,8002023-04-252023-07-29Headquarters locationsCorporate / HeadquartersUSD 88 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan committed April 25, 2023 to simplify and optimize operating model. Actions substantially completed as of July 29, 2023. Total pre-tax costs of $88 million for the 26 weeks ended July 29, 2023, including $65 million employee-related and $23 million consulting/other.
2023-07-29restructuringin_progressUSD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Employee Severance [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-29restructuringin_progressOperating Expense [Member] / Employee Severance [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-29restructuringin_progressEmployee Severance [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Other Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-29restructuringin_progressOperating Expense [Member] / Other Restructuring [Member]USD 10,000,000 (absolute)restructuring_footnote
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2023-07-29restructuringin_progressOther Restructuring [Member]USD 10,000,000 (absolute)restructuring_footnote
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2023-07-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member]USD 0 (absolute)restructuring_footnote
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2023-07-29restructuringin_progressOperating Expense [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-29restructuringin_progressEmployee Severance [Member] / Charges that will be settled with cash payments [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-29restructuringin_progressOther Restructuring [Member] / Charges that will be settled with cash payments [Member]USD 10,000,000 (absolute)restructuring_footnote
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2023-07-29restructuringin_progressCharges that will be settled with cash payments [Member]USD 13,000,000 (absolute)restructuring_footnote
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2023-04-29restructuringin_progress1,8002023-04-252023-06-30Primarily headquarters locationsCorporate / headquartersUSD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge incurred in Q1 FY2023; total program estimated at $100M–$120M aggregate pre-tax cash expenditures ($75M–$85M employee-related, $25M–$35M consulting). Actions expected substantially complete by end of H1 FY2023.
2023-04-29divestiture_reductioncompleted2022-11-072023-01-31ChinaGap Globalother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Gap China operations transitioned to Baozun as franchise partner; 89 stores moved out of Company-operated count. No employee count disclosed; financial statement impact described as not material.
2023-04-29plant_closurecompleted2023-04-29North AmericaGap Global and Banana Republic GlobalMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
16 Company-operated stores closed during the quarter (5 Gap North America, 6 Banana Republic North America, 1 Old Navy, 1 Gap Asia, 2 Banana Republic Asia, 1 Athleta). Part of ongoing plan to reduce Gap and Banana Republic stores in North America by ~350 from start of FY2020 to end of FY2023 (315 net closures achieved as of quarter-end). No associated employee counts disclosed.
2023-04-29restructuringin_progress1,8002023-04-252023-07-31Headquarters locationsCorporate / HeadquartersUSD 75 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan includes reduction in workforce of approximately 1,800 employees. Incurred $75 million in pre-tax restructuring costs during the quarter. Expected to be substantially completed by the end of the first half of fiscal 2023.
2023-04-29restructuringin_progressUSD 75,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Employee Severance [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressOperating Expense [Member] / Employee Severance [Member]USD 58,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressEmployee Severance [Member]USD 62,000,000 (absolute)restructuring_footnote
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2023-04-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Other Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressOperating Expense [Member] / Other Restructuring [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressOther Restructuring [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressOperating Expense [Member]USD 71,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressEmployee Severance [Member] / Charges that will be settled with cash payments [Member]USD 62,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressOther Restructuring [Member] / Charges that will be settled with cash payments [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-29restructuringin_progressCharges that will be settled with cash payments [Member]USD 75,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-01-28divestiture_reductioncompleted2022-02-01ItalyGapdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Gap Italy operations transitioned to franchise partner OVS S.p.A. on February 1, 2022; impact on consolidated results stated as not material.
2023-01-28divestiture_reductioncompleted2022-08-01MexicoOld NavyUSD 35 (millions)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Old Navy Mexico operations transitioned to franchise partner Grupo Axo; pre-tax loss recognized in operating expenses. 24 affected stores were excluded from store opening/closure counts.
2023-01-28divestiture_reductioncompleted2022-08-10United Kingdom and IrelandGap (online operations)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
UK and Ireland online operations moved to a franchise partner via joint venture with Next Plc; impact not material. Related Rugby, England distribution center sold for $125 million, generating an $83 million pre-tax gain.
2023-01-28divestiture_reductioncompleted2022-11-072023-01-31Greater China (mainland China; Taiwan pending)Gapsubsequent_events
f5-10k / GLM-5.3-flash-HTML
Agreements with Baozun signed November 7, 2022; $142 million of assets and $126 million of liabilities held for sale at fiscal year-end; transaction closed January 31, 2023. Taiwan operations continue until regulatory approvals and closing conditions are met.
2023-01-28plant_closurein_progress2024-02-03North AmericaGap and Banana RepublicMD&A
f5-10k / GLM-5.3-flash-HTML
Multi-year program to reduce approximately 350 stores from the beginning of fiscal 2020 through the end of fiscal 2023; cumulative through fiscal year-end, 304 stores closed net of openings. No employee counts disclosed.
2023-01-28restructuringin_progressCorporate functions (all brands)MD&A
f5-10k / GLM-5.3-flash-HTML
Cost actions begun in fiscal 2022 included reducing open and existing corporate roles alongside contract, technology, and digital-investment reductions; company states no material charges were incurred in fiscal 2022.
2023-01-28restructuringannounced2023-03-09Corporate — all four brandsMD&A
f5-10k / GLM-5.3-flash-HTML
Plan to simplify and optimize the operating model, including increased spans of control and fewer management layers; announced after fiscal year-end and before the March 14, 2023 filing. No employee counts or charges disclosed.
2023-01-28restructuringin_progressGlobalCorporateMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
During fiscal 2022 the Company began steps to drive long-term improvements, including reducing open and existing corporate roles, renegotiating advertising agency contracts, reducing technology operating costs, and rationalizing digital investments; no material charges were incurred in connection with these steps
2023-01-28restructuringannounced2023-03-09GlobalCorporate; all four brandssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-year-end announcement of plans to simplify and optimize the operating model and structure, including increasing spans of control, decreasing management layers, and creating a consistent organizational structure across all four brands; no employee count or charge disclosed
2023-01-28plant_closurecompletedUnited States, Canada, Japan, China, TaiwanStore operations (Old Navy, Gap, Banana Republic, Athleta)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
205 Company-operated stores closed during fiscal 2022 (90 opened), including 102 Gap Asia and 37 Gap North America closures; part of a program to reduce Gap and Banana Republic North America stores by approximately 350 from the beginning of fiscal 2020 to the end of fiscal 2023 (304 closed net of openings through fiscal year-end, cumulative). No associated employee counts or charges disclosed
2023-01-28divestiture_reductioncompleted2022-08-01MexicoOld Navydiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Old Navy Mexico operations transitioned to third party Grupo Axo as franchise partner (24 stores); a pre-tax loss of $35 million was recognized in operating expenses, which is a divestiture loss rather than a severance charge; no employee count disclosed
2023-01-28divestiture_reductioncompleted2022-02-01ItalyGapdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Gap Italy operations transitioned to OVS S.p.A. as franchise partner (11 stores); impact to the financial statements was not material; no employee count disclosed
2023-01-28divestiture_reductioncompleted2022-08-10United Kingdom, IrelandOnline operationsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
United Kingdom and Ireland online operations transitioned to a franchise partner through a joint venture with Next Plc; impact to the financial statements was not material; no employee count disclosed
2023-01-28divestiture_reductioncompleted2022-11-072023-01-31ChinaGapdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreements signed November 7, 2022 to transition Gap Greater China stores and in-market website to Baozun as franchise partner; transaction closed January 31, 2023 (after fiscal year-end, before filing); $142 million of assets and $126 million of liabilities classified as held for sale at year-end; Gap Taiwan continues to be operated pending approvals; no employee count disclosed
2023-01-28restructuringannounced2023-03-09GlobalCorporateMD&A
f5-10k / Qwen3.6-27B-Q8_0
Plans shared to simplify and optimize operating model, including increasing spans of control and decreasing management layers. No specific headcount or charge disclosed in filing.
2023-01-28restructuringcompleted2022-01-012022-12-31GlobalCorporateMD&A
f5-10k / Qwen3.6-27B-Q8_0
Steps taken during fiscal 2022 to reduce open and existing corporate roles, renegotiate advertising contracts, reduce technology costs, and rationalize digital investments. No material charges incurred.
2022-10-29restructuringin_progressGlobalCorporateMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company describes steps to optimize profitability including reducing open and existing corporate roles, renegotiating advertising agency contracts, reducing technology operating costs, and rationalizing digital investments; no employee count, dates, or charges disclosed, and no material charges were incurred in Q3 fiscal 2022.
2022-10-29divestiture_reductioncompleted2022-08-01MexicoOld Navyother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Old Navy Mexico operations transitioned to franchise partner Grupo Axo; a $35 million pre-tax loss was recognized in Q2 fiscal 2022 on reclassification to held for sale; no headcount disclosed.
2022-10-29divestiture_reductioncompleted2022-08-10United Kingdom, IrelandGap (online operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
UK and Ireland online operations transitioned to franchise partner Next Plc; impacts described as not material; no headcount disclosed.
2022-10-29divestiture_reductionannounced2022-11-07Greater ChinaGapsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreements signed to transition Gap Greater China stores and in-market website to franchise partner Baozun Inc., subject to regulatory approvals and closing conditions; no headcount disclosed.
2022-10-29restructuringcompletedGlobalCorporateMD&A
f5-10q / Qwen3.6-27B-Q8_0
Company reduced open and existing corporate roles, renegotiated advertising agency contracts, reduced technology operating costs, and rationalized digital investments. No material charges incurred.
2022-10-29plant_closurecompletedNorth AmericaGap, Banana RepublicMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closed 279 Gap and Banana Republic stores net of openings since beginning of fiscal 2020 as part of fleet rationalization.
2022-10-29divestiture_reductioncompleted2022-08-102022-08-10United Kingdom, IrelandGapMD&A
f5-10q / Qwen3.6-27B-Q8_0
Transitioned UK and Ireland online operations to franchise partner Next Plc.
2022-10-29divestiture_reductioncompleted2022-02-012022-02-01ItalyGapMD&A
f5-10q / Qwen3.6-27B-Q8_0
Transitioned Gap Italy operations to franchise partner OVS S.p.A.
2022-10-29divestiture_reductioncompleted2022-08-012022-08-01MexicoOld NavyUSD 35 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Transitioned Old Navy Mexico operations to franchise partner Grupo Axo. Recognized $35M pre-tax loss in Q2.
2022-10-29othercompletedGlobalGapUSD 53 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Ended Yeezy Gap contract; recorded $53M pre-tax impairment costs primarily related to inventory.
2022-04-30plant_closurecompleted2022-04-30GlobalCompany-operated stores (Old Navy, Gap, Banana Republic, Athleta)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
20 company-operated stores closed during the 13 weeks ended April 30, 2022 (Old Navy NA 3, Gap NA 9, Gap Asia 4, Banana Republic NA 2, Athleta NA 2), against 21 openings; 29 closures and 44 openings including franchise locations. No associated employee counts or severance disclosed; part of the stated plan to reduce Gap and Banana Republic North America stores by about 350 from fiscal 2020 through fiscal 2023.
2022-04-30divestiture_reductioncompleted2022-02-01ItalyGap Globalother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Gap Italy operations transitioned to OVS S.p.A. as a franchise partner effective February 1, 2022; 11 stores moved from Company-operated to franchise. Filing states the transaction impact was not material and discloses no employee counts.
2022-01-29divestiture_reductioncompleted2021-04-08North AmericaJanie and Jackdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Divestiture of the Janie and Jack brand completed April 8, 2021; store count table shows 119 stores divested. Combined with the Intermix divestiture, a pre-tax loss of $59 million was recognized; not broken out by brand. Employee headcount affected not disclosed.
2022-01-29divestiture_reductioncompleted2021-05-21North AmericaIntermixdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Divestiture of the Intermix business completed May 21, 2021; store count table shows 31 stores divested. Included in the combined $59 million pre-tax divestiture loss with Janie and Jack. Employee headcount affected not disclosed.
2022-01-29plant_closurecompletedUnited Kingdom and IrelandGap Global (Gap Europe)USD 41 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Net pre-tax costs of $41 million in fiscal 2021, primarily employee and lease costs, from closing Company-operated stores in the UK and Ireland; recorded in cost of goods sold and occupancy expenses and operating expenses. Gap Europe closed 86 stores in fiscal 2021. UK/Ireland to be served by a Next Plc joint venture as franchise partner beginning early 2022. Employee headcount affected not disclosed.
2022-01-29othercompleted2021-10-01FranceGap Global (Gap Europe)MD&A
f5-10k / GLM-5.3-flash-HTML
Gap France operations transitioned to franchise partner Hermione People & Brands, completed October 1, 2021 (third quarter of fiscal 2021). Store count table shows 21 stores transitioned, excluded from store closure counts. Employee headcount impact not disclosed.
2022-01-29otherannounced2021-11ItalyGap Global (Gap Europe)MD&A
f5-10k / GLM-5.3-flash-HTML
Agreement signed with OVS in November 2021 for OVS to operate Gap Italy stores as a franchise partner beginning in fiscal 2022. Employee headcount impact not disclosed.
2022-01-29plant_closurein_progressNorth AmericaGap Global and Banana Republic GlobalMD&A
f5-10k / GLM-5.3-flash-HTML
Multi-year plan to reduce Gap and Banana Republic North America stores by approximately 350 from the beginning of fiscal 2020 through the end of fiscal 2023; 250 net store closures achieved cumulatively through fiscal year-end (January 29, 2022). Employee headcount affected not disclosed.
2022-01-29acquisition_additioncompleted2021-08-26Drapr (3D-fit technology and virtual fitting rooms)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired August 26, 2021. Employee headcount acquired not disclosed. Aggregate purchase price for Drapr and CB4 together was approximately $147 million (goodwill $108 million; intangible assets $39 million).
2022-01-29acquisition_additioncompleted2021-10-01CB4 (artificial intelligence and machine learning)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired October 1, 2021. Employee headcount acquired not disclosed. Aggregate purchase price for Drapr and CB4 together was approximately $147 million (goodwill $108 million; intangible assets $39 million).
2022-01-29divestiture_reductioncompleted2021-04-08United StatesJanie and Jackdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Divestiture completed April 8, 2021; brand operated 119 stores at start of fiscal 2021. Employee count not disclosed; the 150 stores divested across both brands are excluded from reported store-closure counts.
2022-01-29divestiture_reductioncompleted2021-05-21United StatesIntermixdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Divestiture completed May 21, 2021; brand operated 31 stores at start of fiscal 2021. Employee count not disclosed.
2022-01-29othercompleted2021-01-31United StatesHill CityItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hill City brand, launched in 2018, was closed in January 2021. Headcount not disclosed.
2022-01-29plant_closurecompleted2022-01-29GlobalCompany-operated stores (Old Navy, Gap, Banana Republic, Athleta)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
191 company-operated stores closed versus 97 opened during fiscal 2021 (includes 86 Gap Europe closures); excludes 150 divested stores and 21 Gap France stores transitioned to a franchise partner. Part of a multi-year plan to reduce the Gap and Banana Republic North America fleet by approximately 350 stores from the start of fiscal 2020 through the end of fiscal 2023 (250 net closed cumulatively through fiscal 2021).
2022-01-29restructuringin_progress2021-09Europe (France, Italy, United Kingdom, Ireland)Gap brand — Company-operated stores converted to franchise/joint ventureUSD 41 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Net pre-tax costs of $41 million in fiscal 2021, primarily employee and lease costs for closing Company-operated stores in the UK and Ireland. Gap France transitioned to Hermione People & Brands on October 1, 2021; agreements signed with OVS (Italy) and Next Plc (UK/Ireland) for franchise transitions beginning in fiscal 2022. UK/Ireland store closures are included in the 191 store-closure record above; employee count not separately disclosed.
2022-01-29acquisition_additioncompleted2021-08-262021-08-26United StatesTechnology — 3D-fit and virtual fitting roomsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Drapr completed August 26, 2021. Aggregate purchase price for Drapr and CB4 combined was approximately $147 million; headcount added not disclosed.
2022-01-29acquisition_additioncompleted2021-10-012021-10-01United States / IsraelTechnology — artificial intelligence and machine learningbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of CB4 completed October 1, 2021. Aggregate purchase price for Drapr and CB4 combined was approximately $147 million; headcount added not disclosed.
2022-01-29restructuringcompletedUnited Kingdom and IrelandGapUSD 41 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Net pre-tax costs of $41 million incurred during fiscal 2021 primarily consisting of employee and lease costs related to the closure of Company-operated stores in the UK and Ireland.
2022-01-29divestiture_reductioncompletedGlobalJanie and Jack, IntermixUSD 59 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Pre-tax loss of $59 million recognized in conjunction with divestitures of Janie and Jack and Intermix brands.
2021-10-30acquisition_additioncompleted2021-08-26Technology / DigitalUSD 147 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Aggregate purchase price for Drapr and CB4 acquisitions; no headcount disclosed.
2021-10-30divestiture_reductioncompleted2021-04-082021-04-08United StatesJanie and Jack brandUSD 59 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Janie and Jack divestiture completed; 119 stores transferred. Pre-tax loss of $59M combined with Intermix divestiture. No employee count disclosed.
2021-10-30divestiture_reductioncompleted2021-05-212021-05-21United StatesIntermix brandother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Intermix divestiture completed; 31 stores transferred. No employee count disclosed.
2021-10-30plant_closurein_progress2023-12-31North AmericaGap and Banana Republic brandsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to reduce Gap and Banana Republic stores by ~350 from start of fiscal 2020 to end of fiscal 2023; 217 net closures through Oct 30, 2021. No employee counts disclosed.
2021-10-30plant_closurecompleted2021-10-01United Kingdom and IrelandGap brandUSD 33 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure of company-operated stores in UK and Ireland; net pre-tax costs of $33M YTD, primarily employee and lease related. Transitioned to franchise model with Next Plc. No employee count disclosed.
2021-10-30plant_closurecompleted2021-10-01FranceGap brandother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Gap France operations transitioned to franchise partner Hermione People & Brands; 21 stores moved to franchise. Impact not material. No employee count disclosed.
2021-10-30restructuringcompleted2021-10-30United Kingdom and IrelandGap GlobalUSD 17 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Incurred net pre-tax costs of $17 million during the thirteen weeks ended Oct 30, 2021, primarily consisting of employee and lease related costs related to the closure of company-operated stores in the UK and Ireland.
2021-10-30restructuringcompleted2021-10-30EuropeGap GlobalUSD 33 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Incurred net pre-tax costs of $33 million during the thirty-nine weeks ended Oct 30, 2021, primarily consisting of employee and lease related costs related to the closure of company-operated stores in the UK and Ireland.
2021-10-30divestiture_reductioncompleted2021-04-08United StatesOtherrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Divestiture of Janie and Jack brand completed on April 8, 2021. Headcount not disclosed.
2021-10-30divestiture_reductioncompleted2021-05-21United StatesOtherrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Divestiture of Intermix brand completed on May 21, 2021. Headcount not disclosed.
2021-10-30acquisition_additioncompleted2021-08-26United StatesCorporatebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired Drapr Inc. on August 26, 2021. Headcount not disclosed.
2021-10-30acquisition_additioncompleted2021-10-01United StatesCorporatebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired Context-based 4 Casting (CB-4) Ltd on October 1, 2021. Headcount not disclosed.
2021-07-31divestiture_reductioncompleted2021-04-082021-04-08United StatesJanie and Jack brandother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Janie and Jack completed April 8, 2021; 119 stores transferred, no employee count disclosed. Part of a $59M pre-tax divestiture loss covering both Janie and Jack and Intermix.
2021-07-31divestiture_reductioncompleted2021-05-212021-05-21United StatesIntermix brandother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Intermix completed May 21, 2021; 31 stores transferred, no employee count disclosed. Part of a $59M pre-tax divestiture loss covering both Janie and Jack and Intermix.
2021-07-31plant_closurein_progress2023-01-28North AmericaGap and Banana Republic brandsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to reduce Gap and Banana Republic North America store count by ~350 stores from start of fiscal 2020 through end of fiscal 2023; 213 stores closed net of openings as of July 31, 2021. No associated employee count disclosed.
2021-07-31plant_closureannounced2021-06-302021-10-30United Kingdom and Republic of IrelandGap brand — Company-operated storesUSD 16 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
June 2021 strategic review: plan to close all Company-operated stores in the UK and Ireland during Q3 fiscal 2021, with discussions to move France and Italy to a partnership model; $16M pre-tax costs (primarily employee-related) recorded in Q2. No employee count disclosed.
2021-07-31restructuringin_progress2021-06-012021-09-30EuropeCorporate / Store OperationsUSD 16 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Strategic review of operating model in Europe; plan to close all Company-operated stores in UK and Ireland in Q3 FY2021 and move to partnership model in France and Italy. Incurred $16 million pre-tax costs primarily consisting of employee-related costs.
2021-07-31divestiture_reductioncompleted2021-04-082021-04-08United StatesJanie and JackMD&A
f5-10q / Qwen3.6-27B-Q8_0
Sale of Janie and Jack brand completed. Part of strategic review to prioritize four purpose-led lifestyle brands.
2021-07-31divestiture_reductioncompleted2021-05-212021-05-21United StatesIntermixMD&A
f5-10q / Qwen3.6-27B-Q8_0
Sale of Intermix brand completed. Part of strategic review to prioritize four purpose-led lifestyle brands.
2021-05-01divestiture_reductioncompleted2021-03-192021-04-08United StatesJanie and Jack brandother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Janie and Jack brand completed April 8, 2021; 119 stores transferred, but no employee count disclosed. Pre-tax loss of $56M recorded for combined Janie and Jack and Intermix transactions.
2021-05-01divestiture_reductioncompleted2021-04-302021-05-21United StatesIntermix brandother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Intermix completed May 21, 2021 (after quarter end, before filing); $109M assets and $112M liabilities classified as held for sale at May 1, 2021. No employee count disclosed.
2021-05-01plant_closurecompleted2021-05-01North America and internationalCompany-operated stores (multiple brands)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
22 company-operated stores permanently closed during the quarter (38 opened); no associated workforce reduction quantified. Part of broader fleet rationalization targeting ~350 Gap and Banana Republic store reductions in North America from fiscal 2020 through fiscal 2023.
2021-05-01divestiture_reductioncompleted2021-03-192021-04-08United StatesJanie and Jack brandMD&A
f5-10q / Qwen3.6-27B-Q8_0
Sale of Janie and Jack brand completed April 8, 2021. Employee count not disclosed.
2021-05-01divestiture_reductioncompleted2021-04-302021-05-21United StatesIntermix brandMD&A
f5-10q / Qwen3.6-27B-Q8_0
Sale of Intermix brand completed May 21, 2021. Employee count not disclosed.
2021-05-01plant_closurecompletedNorth AmericaGap and Banana Republic brandsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closed 195 Gap and Banana Republic stores net of openings since beginning of fiscal 2020. Employee count not disclosed.
2021-01-30plant_closurein_progress2020-102024-02North AmericaGap and Banana Republic brands (company-operated stores)MD&A
f5-10k / GLM-5.3-flash-HTML
Plan to reduce Gap and Banana Republic North America stores by approximately 350 from the beginning of fiscal 2020 through the end of fiscal 2023; 189 such stores were closed net of openings in fiscal 2020, within a total company-operated store decline from 3,345 to 3,100. Expected completion converted from 'end of fiscal year 2023' (fiscal years end on the Saturday closest to January 31). Majority of affected leases expired in fiscal 2020 or expire in fiscal 2021, allowing exits with minimal expected net income statement impact. No employee counts disclosed.
2021-01-30restructuringannounced2020-10EuropeGap and Banana Republic Europe — operating model, warehouse and distribution, Company-owned e-commerceMD&A
f5-10k / GLM-5.3-flash-HTML
Review covers 117 Company-operated stores in Europe; options include transitioning elements of the business to franchise partners consistent with asset-light growth strategy. Plans expected to be finalized in fiscal 2021 and could result in charges related to leases, inventory, and employee-related costs. No employee counts disclosed.
2021-01-30divestiture_reductionannounced2021-03North AmericaIntermix brand (31 boutiques and e-commerce)USD 56 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Strategic review performed in Q4 fiscal 2020 resulted in a $56 million impairment of store long-lived assets and the Intermix trade name (charge labeled 'other' as it is an impairment, not severance). Related assets of $102 million and liabilities of $58 million were reclassified as held for sale, with sale expected within twelve months. No employee counts disclosed.
2021-01-30othercompleted2021-012021-01Hill City brand (premium men's performance apparel, launched 2018)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Brand closure completed in January 2021, within fiscal 2020. No employee counts or associated charges disclosed.
2021-01-30plant_closurecompletedGlobalCompany-operated stores across all brandsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
318 Company-operated stores permanently closed during fiscal 2020 versus 73 opened (total locations fell from 3,345 to 3,100). Excludes stores temporarily closed for COVID-19. Employee impact not disclosed.
2021-01-30plant_closurein_progress2020-10North AmericaGap and Banana RepublicMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program to cut roughly 350 Gap and Banana Republic stores in North America from the start of fiscal 2020 through the end of fiscal 2023; 189 closed net of openings in fiscal 2020. Most affected leases already expired in fiscal 2020 or expire in fiscal 2021. Subset of the 318 total store closures; employee impact not disclosed.
2021-01-30restructuringin_progress2020-10EuropeEuropean operating model (Gap and Banana Republic)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Review covers 117 Company-operated stores plus European warehouse/distribution and Company-owned e-commerce sites; options include asset-light licensing/franchise transitions to partners. Filer expects to finalize plans in fiscal 2021 and flags potential lease, inventory, and employee-related charges, none quantified.
2021-01-30othercompleted2021-012021-01United StatesHill City brandItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company closed the Hill City premium-performance men's apparel brand in January 2021. Brand launched in 2018. Headcount and charge not disclosed.
2021-01-30restructuringannounced2021-03United StatesIntermixUSD 56 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Strategic review of the Intermix business was shared in March 2021, after fiscal year-end; the review itself was performed in Q4 fiscal 2020 and drove a $56 million impairment of Intermix store long-lived assets and trade name recorded in fiscal 2020. Charge is an impairment, not severance. Employee impact not disclosed.
2021-01-30restructuringcompleted2020-02-28GlobalSpecialty Fleet / Gap BrandUSD 61 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Announced plan to restructure specialty fleet and revitalize Gap brand. Incurred $61 million pre-tax costs in fiscal 2020. Employee count not disclosed.
2021-01-30restructuringcompleted2020-01-16GlobalCorporateUSD 28 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Announced cancellation of plan to separate into two companies. Incurred $28 million estimated costs related to contracts and commitments settled in fiscal 2020. Employee count not disclosed.
2021-01-30plant_closurecompleted2020-10-012023-01-31North AmericaGap and Banana RepublicMD&A
f5-10k / Qwen3.6-27B-Q8_0
Strategic focus to reduce number of Gap and Banana Republic stores in North America by approximately 350 stores from beginning of fiscal 2020 to end of fiscal 2023. Closed 189 net stores in fiscal 2020. Employee count not disclosed.
2021-01-30plant_closurecompleted2021-01-012021-01-31GlobalHill CityItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Closed Hill City brand in January 2021. Employee count not disclosed.
2021-01-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-10-31reduction_in_forcein_progressUnited StatesHeadquartersMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cited as a driver of the $393M YTD operating expense increase; no employee count or charge amount disclosed.
2020-10-31plant_closurein_progress2021-01-30North AmericaGap and Banana RepublicMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Net of openings during fiscal 2020 YTD; no associated employee count disclosed.
2020-10-31otherannounced2020-10-202021-01-30EuropeGap and Banana Republic — 122 Company-operated storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Review considers franchise partnership transfers and e-commerce/warehouse changes; may result in lease, inventory, and employee-related costs. Targeting early fiscal 2021 to finalize.
2020-10-31plant_closureannounced2020-10-222023-01-28North AmericaGap and Banana RepublicMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced October 22, 2020; majority of targeted stores have leases expiring in fiscal 2020–2021. No employee count disclosed.
2020-10-31restructuringin_progress2020-10-222023-01-31North AmericaGap and Banana RepublicMD&A
f5-10q / Qwen3.6-27B-Q8_0
Strategic focus to reduce number of Gap and Banana Republic stores by approx. 350 from beginning of fiscal 2020 to end of fiscal 2023. As of Oct 31, 2020, closed net of openings 143 stores. No specific employee count disclosed.
2020-10-31restructuringannounced2020-10-20EuropeGap and Banana RepublicMD&A
f5-10q / Qwen3.6-27B-Q8_0
Strategic review of operating model in Europe (122 Company-operated stores). Considering leveraging franchise model and transferring elements to partners. Plans could result in additional costs including employee-related costs. Targeting early fiscal 2021 to finalize plans.
2020-08-01restructuringin_progressUnited StatesHeadquartersUSD 35 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Disclosed as a driver of the $286 million increase in first-half operating expenses; no employee count, announcement date, or completion timing provided. May overlap with the specialty fleet restructuring program.
2020-08-01restructuringin_progressGlobalGap and Banana Republic specialty fleetrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced in fiscal 2019 to restructure the specialty fleet and revitalize the Gap brand; filer states restructuring costs were not material in the first half of fiscal 2020 due to the shift in focus to COVID-19. No employee counts or charge amounts disclosed.
2020-08-01plant_closurecompletedGlobalCompany-operated stores (all brands)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent store closures only; excludes stores temporarily closed due to COVID-19. Closures by brand: Old Navy North America 8, Old Navy Asia 17, Gap North America 66, Gap Asia 10, Gap Europe 11, Banana Republic North America 45, Banana Republic Asia 5, Athleta 2, Intermix 1, Janie and Jack 8. No associated workforce reduction count disclosed.
2020-08-01restructuringcompletedHeadquartersUSD 35 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance costs related to a reduction in headquarters workforce.
2020-05-02restructuringcompletedUnited StatesCorporate functionsUSD 35 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Headcount reduction across corporate functions during Q1 FY2020; number of employees affected not disclosed.
2020-05-02layoffin_progressNorth AmericaRetail storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Furloughed the majority of store teams in North America for the duration of temporary store closures; headcount not quantified.
2020-05-02plant_closurecompletedGlobalCompany-operated storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
43 Company-operated stores permanently closed during the quarter; associated workforce reduction not quantified.
2020-05-02otherin_progressGlobalLeadership team and Board of DirectorsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Temporary pay reductions for the entire Gap Inc. leadership team and Board of Directors; not a headcount reduction.
2020-05-02restructuringin_progress2020-03-12CorporateCorporate functionsUSD 35 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Reducing headcount across corporate functions resulted in approximately $35 million of severance related costs during the first quarter of fiscal 2020.
2020-05-02othercompleted2020-03-01North AmericaStore teamsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Furloughing the majority of store teams in North America for the period stores were closed due to COVID-19.
2020-02-01restructuringcompleted2019-02-28Old Navy GlobalUSD 301 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Plan to separate Old Navy into an independent public company was canceled on January 16, 2020 before any separation occurred; no workforce reduction resulted, hence no affected-employee count. Fiscal 2019 separation-related costs of $301 million comprised information technology $203 million (including $61 million loss on disposal of property and equipment), consulting and advisory fees $77 million, and other $21 million. An additional $28 million of canceled contract and commitment costs was accrued and is expected to be paid in fiscal 2020. Status 'completed' reflects the program's conclusion via cancellation.
2020-02-01plant_closurein_progress2019-02-282021-01-30Global — Gap brand specialty stores (North America, Asia, Europe)Gap GlobalUSD 61 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Plan announced February 28, 2019 to close roughly 230 Gap specialty stores across fiscal 2019 and fiscal 2020 to restructure the specialty fleet. Fiscal 2019 costs of $61 million comprised operating lease cost $25 million, long-lived asset impairment $13 million, employee-related costs $13 million, and other $10 million. Two-year pre-tax program cost estimated at $250-$300 million, mostly cash lease-related; about 170 additional Gap closures planned for fiscal 2020, with the program expected to be substantially complete by the fiscal year ending January 30, 2021. Estimated annualized sales loss of about $625 million against roughly $90 million of annualized pre-tax savings. Affected employee headcount was not disclosed.
2020-02-01acquisition_additioncompleted2019-03-04United StatesJanie and Jack (reported within Banana Republic Global)USD 69 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Select assets of Gymboree Group related to the Janie and Jack premium children's apparel brand acquired via bankruptcy auction on March 4, 2019; the $69 million purchase price covered intellectual property, store property and equipment, and lease assumptions, with inventory purchased in a separate transaction. 140 stores transferred (139 in the year-end count after one later closure). Employee headcount added through the acquisition was not disclosed.
2020-02-01plant_closurein_progressUnited States (New York City)Gap Global and Old Navy Global flagship storesUSD 296 (millions)other
f5-10k / GLM-5.3-flash-HTML
Formal decision in the fourth quarter of fiscal 2019 to pursue exiting certain flagship store locations, primarily the New York Times Square flagships for Gap and Old Navy. Fiscal 2019 impairment charges totaled $296 million ($73 million store assets and $223 million operating lease assets), recorded in operating expenses. Exits were still being pursued as of the filing date; employee headcount impact was not disclosed.
2020-02-01plant_closureannouncedChinaOld Navy AsiaMD&A
f5-10k / GLM-5.3-flash-HTML
Filing states intent to close Old Navy stores in China by early 2020; Old Navy Asia ended fiscal 2019 with 17 store locations. No employee counts or associated charges were disclosed, and no specific announcement date was provided in the filing.
2020-02-01plant_closurein_progress2019-02-282021-01-30GlobalGap Global specialty fleetUSD 61 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program to close about 230 Gap specialty stores across fiscal 2019 and fiscal 2020; $61M pre-tax costs incurred in fiscal 2019 (lease, employee-related, impairment). Two-year program estimated at $250M-$300M pre-tax; majority of closures expected in fiscal 2020. No employee count disclosed.
2020-02-01acquisition_additioncompleted2019-03-042019-03-04United StatesJanie and JackUSD 69 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired Janie and Jack assets out of Gymboree bankruptcy for $69M; 140 stores acquired (139 net of one closure). Employee headcount added not disclosed.
2020-02-01plant_closurecompleted2020-02-29ChinaOld Navy AsiaItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company intended to close its Old Navy stores in China by early 2020; 17 Old Navy Asia stores at fiscal year-end. No employee count disclosed.
2020-02-01othercompleted2020-01-162020-01-16GlobalCorporateUSD 301 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Old Navy separation plan announced 2019-02-28 and canceled 2020-01-16; $301M separation-related costs incurred in fiscal 2019 (IT $203M, consulting $77M, other $21M). $28M of accrued contract/commitment costs from cancellation. No employee count disclosed.
2020-02-01otherannounced2020-03-11GlobalAll brandssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
COVID-19 pandemic declared 2020-03-11; many Company-operated and franchise stores temporarily closed or operating reduced hours. Material adverse impact anticipated for fiscal 2020. No employee count disclosed.
2020-02-01restructuringin_progress2019-02-282021-01-30GlobalGap Global Specialty FleetUSD 61 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Announced plan to close about 230 Gap specialty stores during fiscal 2019 and 2020. Estimated total pre-tax costs $250M-$300M. Incurred $61M in fiscal 2019. Employee headcount affected not explicitly disclosed.
2020-02-01acquisition_additioncompleted2019-03-042019-03-04United StatesJanie and JackUSD 69 (millions)business_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquired select assets of Gymboree Group related to Janie and Jack brand. Purchase price $69M. Employee headcount added not explicitly disclosed.
2020-02-01restructuringin_progressUSD 61,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Operating lease Impairment [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressOperating Expense [Member] / Operating lease Impairment [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressOperating lease Impairment [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Facility Closing [Member]USD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressOperating Expense [Member] / Facility Closing [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressFacility Closing [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Employee Severance [Member]USD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressOperating Expense [Member] / Employee Severance [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressEmployee Severance [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Other Restructuring [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressOperating Expense [Member] / Other Restructuring [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressOther Restructuring [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member]USD 22,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressOperating Expense [Member]USD 39,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-02-01restructuringin_progressRestructuring Charges [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-11-02plant_closurein_progress2019-02-28GlobalGap brand specialty fleetMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to close about 230 Gap specialty stores during fiscal 2019 and fiscal 2020; estimated pre-tax costs of about $250 million to $300 million over the two-year period, mostly cash lease-related costs; estimated annualized sales loss of about $625 million and annualized pre-tax savings of about $90 million. Restructuring costs incurred were $8 million (13 weeks) and $23 million (39 weeks). No employee count disclosed; expected completion spans fiscal 2019 and fiscal 2020.
2019-11-02acquisition_additioncompleted2019-03-042019-03-04United StatesJanie and Jack (reported within Banana Republic Global)USD 69 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of select Gymboree assets related to the Janie and Jack brand through a bankruptcy auction for $69 million; 140 stores acquired (net of one closure) and leases assumed for the majority of stores. Headcount added not disclosed.
2019-11-02plant_closureannouncedChinaOld Navy AsiaMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company intends to close Old Navy stores in China by early 2020; no announcement date, store count, or employee impact disclosed in this filing.
2019-11-02restructuringin_progress2019-02-28GlobalGap Specialty FleetUSD 8 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Q3 2019 restructuring costs of $8M incurred for Gap specialty fleet restructuring, primarily lease and employee-related costs. Part of a two-year plan to close ~230 stores with estimated pre-tax costs of $250M-$300M.
2019-11-02restructuringin_progress2019-02-28GlobalGap Specialty FleetUSD 23 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
YTD 2019 restructuring costs of $23M incurred for Gap specialty fleet restructuring, primarily lease and employee-related costs.
2019-11-02otherin_progress2019-02-282020-12-31GlobalCorporate / All BrandsUSD 70 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Q3 2019 separation costs of $70M incurred related to the planned separation of Old Navy and Gap Inc., primarily IT and external adviser fees.
2019-11-02otherin_progress2019-02-282020-12-31GlobalCorporate / All BrandsUSD 112 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
YTD 2019 separation costs of $112M incurred related to the planned separation of Old Navy and Gap Inc., primarily IT and external adviser fees.
2019-08-03restructuringin_progress2019-02-28GlobalGap brand specialty fleetMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced February 28, 2019 to restructure the specialty fleet and revitalize the Gap brand, including closing about 230 Gap specialty stores during fiscal 2019 and fiscal 2020. Estimated pre-tax costs of $250 million to $300 million over the two-year period, mostly cash lease-related costs plus employee-related costs and asset/liability write-offs. Estimated annualized sales loss of approximately $625 million and annualized pre-tax savings of about $90 million. Restructuring costs of $14 million (thirteen weeks) and $15 million (twenty-six weeks) incurred in the period, primarily lease and employee-related costs. Number of employees affected not disclosed; expected completion spans fiscal 2019 and fiscal 2020.
2019-08-03acquisition_additioncompleted2019-03-042019-03-04United StatesJanie and Jackbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired select assets of Gymboree, Inc. related to the Janie and Jack brand through a bankruptcy auction for a $69 million purchase price; 140 stores and associated leases assumed. Headcount added through the acquisition not disclosed; results of operations since acquisition not material.
2019-08-03restructuringin_progress2019-02-28GlobalGap Specialty FleetUSD 15 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced plan to close about 230 Gap specialty stores during fiscal 2019 and 2020. Estimated pre-tax costs of $250M-$300M. Incurred $15M in restructuring costs for the 26 weeks ended Aug 3, 2019, primarily lease and employee-related costs.
2019-08-03restructuringin_progress2019-02-28GlobalCorporate / SeparationUSD 42 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced plan to separate Company into two independent publicly-traded companies. Incurred $42M in separation costs for the 26 weeks ended Aug 3, 2019, primarily external adviser and consulting fees.
2019-05-04plant_closurein_progress2019-02-282020-01-31GlobalGap brand specialty storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to close about 230 Gap specialty stores across fiscal 2019 and fiscal 2020; estimated pre-tax costs of $250M to $300M over two years, mostly cash lease-related costs, plus employee-related costs and asset/liability write-offs. Estimated annualized sales loss of about $625M and annualized pre-tax savings of about $90M. Employees affected not disclosed. $1M of pre-tax costs incurred in the quarter.
2019-05-04acquisition_additioncompleted2019-03-042019-03-04North AmericaJanie and Jack (reported within Banana Republic Global)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired select Gymboree assets related to Janie and Jack via bankruptcy auction for $69M; assumed leases for the majority of the 140 acquired stores. Headcount added not disclosed.
2019-05-04restructuringin_progress2019-02-282020-02-01GlobalGap GlobalUSD 250 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Plan to close about 230 Gap specialty stores during fiscal 2019 and fiscal 2020. Estimated pre-tax costs $250M-$300M, primarily lease-related. $1M incurred in Q1 FY2019.
2019-05-04acquisition_additioncompleted2019-03-042019-03-04United StatesBanana Republic GlobalUSD 69 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired select assets of Gymboree, Inc. related to Janie and Jack brand. Headcount not explicitly disclosed.
2019-02-02plant_closureannounced2019-02-28GlobalGap brand specialty fleetUSD 250 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Board-approved plan to restructure the Gap specialty fleet, closing about 230 Gap specialty stores during fiscal 2019 and fiscal 2020. Estimated pre-tax costs of approximately $250 million to $300 million, majority cash lease-related expenditures; remainder primarily employee-related costs and write-offs of long-term assets and liabilities. Expected annualized sales loss of roughly $625 million with annualized pre-tax savings of about $90 million. Employee headcount impact not quantified.
2019-02-02otherannounced2019-02-282020GlobalOld Navy; NewCo (Gap, Athleta, Banana Republic, Intermix, Hill City)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Board approved plan to separate into two independent publicly-traded companies: Old Navy and a new company holding the remaining brands. No workforce headcount, staffing split, or associated charges disclosed; completion targeted for 2020 and subject to final Board approval, tax opinion, and effectiveness of an SEC registration statement.
2019-02-02acquisition_additioncompleted2019-03-04Janie and Jack (premium children's fashion)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Acquired Janie and Jack from Gymboree Group on 2019-03-04 for approximately $35 million, plus a separate agreement to buy inventory at cost plus fees and expenses. Number of employees added through the acquisition not disclosed.
2019-02-02plant_closureannounced2019-02-282020-01-31GlobalGap brand specialty storesUSD 250 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program covers fiscal 2019 and fiscal 2020; pre-tax costs estimated at $250 million to $300 million, mostly cash lease-related costs, plus employee-related costs and asset/liability write-offs. Estimated annualized sales loss of about $625 million and annualized pre-tax savings of about $90 million. Employees affected not quantified. Also described in MD&A.
2019-02-02acquisition_additioncompleted2019-03-042019-03-04United StatesJanie and Jack (premium children's fashion brand)USD 35 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired from Gymboree Group, Inc. for approximately $35 million plus inventory at cost plus fees; headcount added not disclosed. Occurred after fiscal year-end and before the March 19, 2019 filing date.
2019-02-02restructuringannounced2019-02-282020-12-31GlobalGap BrandUSD 275 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Announced Feb 28, 2019 (subsequent event). Plans to close about 230 Gap specialty stores during fiscal 2019 and 2020. Estimated pre-tax costs $250M-$300M over two years. Average used for charge value.
2019-02-02otherannounced2019-02-282020-12-31GlobalCorporateMD&A
f5-10k / Qwen3.6-27B-Q8_0
Announced Feb 28, 2019 (subsequent event). Plan to separate Company into two independent publicly-traded companies: Old Navy and NewCo (Gap, Athleta, Banana Republic, Intermix, Hill City). Target completion 2020.
2018-08-04plant_closurecompletedUnited States, Canada, Europe, AsiaCompany-operated stores (Old Navy, Gap, Banana Republic, Athleta, Intermix)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
38 Company-operated stores closed during the 26 weeks ended 2018-08-04 (plus 37 franchise closures); no associated employee count or severance disclosed. Store closures were partly offset by 60 openings, leaving 3,187 Company-operated stores at quarter end.
2018-02-03plant_closurecompleted2018-02-03North America, Asia, and EuropeCompany-operated stores (Gap, Old Navy, Banana Republic, Intermix brands)MD&A
f5-10k / GLM-5.3-flash-HTML
Fiscal 2017 closure of 153 Company-operated stores, disclosed via the store count table as routine fleet rationalization rather than a formal restructuring program; no employee counts or severance amounts are quantified, though MD&A cites severance expenses and store closure impacts among fiscal 2017 operating expense drivers. Brand-level closures: Gap North America 42, Gap Asia 50, Gap Europe 12, Banana Republic North America 30, Old Navy North America 9, Intermix North America 5, Banana Republic Asia 4, Banana Republic Europe 1. An additional 64 franchise store closures involve franchisee personnel, not Gap employees. Note: the May 2016 restructuring program (Old Navy Japan exit, 67 stores closed, $197 million pre-tax restructuring costs) was fully attributed to fiscal 2016 in this filing and is therefore excluded as prior-year activity.
2018-02-03plant_closurecompletedUnited States, Canada, United Kingdom, France, Ireland, Japan, Italy, China, Hong Kong, Taiwan, Mexico, AsiaCompany-operated store fleet (Gap, Old Navy, Banana Republic, Athleta, Intermix)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
153 Company-operated stores closed during fiscal 2017 (118 opened), reducing the fleet from 3,200 to 3,165; employees affected not disclosed. Excludes 64 franchise store closures, which are operated by third parties. MD&A notes operating expense movements included severance expenses and impacts of store closures, but no program-level employee count or charge is quantified for fiscal 2017.
2018-02-03restructuringcompleted2016-05-01GlobalCorporate and Brand FunctionsUSD 197 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Measures announced in May 2016 to align talent and financial resources. Charges incurred in fiscal 2016 included lease termination fees, employee-related costs, and store asset impairment. Fiscal 2017 results do not disclose specific employee counts for this program, only that it was completed.
2018-02-03plant_closurecompleted2016-05-01JapanOld NavyMD&A
f5-10k / Qwen3.6-27B-Q8_0
Closed entire fleet of 53 Old Navy stores in Japan during fiscal 2016 as part of strategic measures. Employee count not disclosed.
2017-10-28plant_closurein_progressUnited States, Canada, Europe, AsiaCompany-operated retail stores (Gap, Old Navy, Banana Republic, Intermix)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
72 company-operated stores closed during the 39 weeks ended October 28, 2017 (net decrease of 7 stores to 3,193); no associated workforce reduction figures disclosed.
2017-10-28plant_closurein_progressInternational (Asia, Australia, Europe, Latin America, Middle East, Africa)Franchise storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
44 franchise stores closed during the 39 weeks ended October 28, 2017 (net decrease of 13 to 446); franchise stores are operated by third parties, not Company employees.
2017-10-28restructuringcompleted2016-02-01GlobalGlobalUSD 29 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Fiscal 2016 restructuring costs incurred in Q3 FY2016 for comparison purposes; no specific employee count disclosed for this period's activity.
2017-10-28restructuringcompleted2016-02-01GlobalGlobalUSD 179 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Fiscal 2016 restructuring costs incurred YTD FY2016 for comparison purposes; no specific employee count disclosed for this period's activity.
2017-10-28plant_closurecompleted2016-05-01JapanOld NavyMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closure of 53 Old Navy stores in Japan announced in May 2016. Employee count not disclosed.
2017-10-28plant_closurecompleted2016-05-01InternationalBanana RepublicMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closure of select Banana Republic stores, primarily internationally, announced in May 2016. Employee count not disclosed.
2017-07-29plant_closurecompleted2016-05-01JapanOld NavyMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closure of 53 Old Navy stores in Japan announced in May 2016. Store count dropped from 65 to 13 in the 26 weeks ended July 30, 2016, and remained at 13 in the current period.
2017-07-29plant_closurecompleted2016-05-01InternationalBanana RepublicMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closure of select Banana Republic stores, primarily internationally, announced in May 2016. Europe store count dropped from 10 to 0 in the 26 weeks ended July 30, 2016.
2017-01-28restructuringcompleted2016-052017-01-28Primarily international (Japan and Europe), plus global corporate functionsOld Navy Global (Japan fleet); Banana Republic Global (select international stores, primarily Europe); brand and corporate functionsUSD 197 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
May 2016 measures to focus brands on geographies with greatest potential and streamline the operating model. Components: closure of the entire 53-store Old Navy fleet in Japan, closure of select international stores primarily Banana Republic Europe (67 stores closed in total under these measures in fiscal 2016), and centralization/consolidation of brand and corporate functions. Fiscal 2016 charge composition: lease termination fees and lease losses $77M; employee-related costs $14M in COGS and $50M in operating expenses; store asset impairment $54M; other $16M. Measures substantially completed in fiscal 2016; a remaining $37M liability at January 28, 2017 was expected to be settled in cash during fiscal 2017. No employee headcount affected was disclosed; the $197M is a consolidated program total not broken out by component, hence a single consolidated record.
2017-01-28acquisition_additioncompleted2016-12-022016-12-02Other segment (Athleta, Intermix, and beginning in Q4 fiscal 2016, Weddington Way)USD 4 (millions)other
f5-10k / GLM-5.3-flash-HTML
Acquired the net assets of Weddington Way, an online social shopping platform for wedding parties; $4 million figure is the aggregate purchase price, not a workforce charge. The filing states the acquisition does not have a material impact on the Consolidated Financial Statements and no employee headcount added was disclosed. Dates shown are the acquisition date, the only date provided.
2017-01-28restructuringcompleted2016-052017-01-28Global (including Japan, Europe)Company-wide; Old Navy Japan, Banana Republic international, brand and corporate functionsUSD 197 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Measures substantially completed in fiscal 2016; included closure of all 53 Old Navy Japan stores and 67 stores total related to the program, plus centralized/consolidated brand and corporate functions. Estimated annualized pre-tax savings of about $275 million. Employee-related costs of $50 million within the $197 million charge; number of employees affected not disclosed.
2017-01-28acquisition_additioncompleted2016-12-022016-12-02United StatesWeddington Way (online wedding apparel brand)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of net assets of Weddington Way for $4 million aggregate purchase price; headcount added not disclosed.
2017-01-28restructuringcompleted2016-05-012017-01-28GlobalVarious (Gap, Old Navy, Banana Republic, Corporate)USD 197 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Measures announced in May 2016 to align talent and resources. Included closure of 53 Old Navy stores in Japan and 67 total stores. Measures substantially completed in fiscal 2016. Employee count affected not explicitly disclosed.
2017-01-28plant_closurecompleted2016-05-012017-01-28JapanOld NavyMD&A
f5-10k / Qwen3.6-27B-Q8_0
Closed entire fleet of 53 Old Navy stores in Japan during fiscal 2016 as part of strategic realignment.
2017-01-28restructuringin_progressUSD 18,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressCharges that will be settled with cash payments [Member]USD 171,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressCharges that will be settled with cash payments [Member] / Other Restructuring [Member]USD 22,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Accelerated depreciation, net of reversal of depreciation expense related to asset retirement obligations [Member]USD -9,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Accelerated recognition of deferred rent [Member]USD -8,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Employee Severance [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Other Restructuring [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressOperating Expense [Member]USD 197,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressOperating Expense [Member] / Contract Termination [Member]USD 77,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressOperating Expense [Member] / Employee Severance [Member]USD 50,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressOperating Expense [Member] / Facility Closing [Member]USD 54,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressOperating Expense [Member] / Other Restructuring [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressContract Termination [Member]USD 80,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-01-28restructuringin_progressEmployee Severance [Member]USD 69,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-10-29restructuringin_progress2016-05-192016-12-31Global (Old Navy Japan; Banana Republic primarily international)Old Navy, Banana Republic; corporate operating modelUSD 210 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program bundles closure of 53 Old Navy stores in Japan, select Banana Republic store closures (about 75 stores total in fiscal 2016), and operating-model streamlining. Estimated fiscal 2016 pre-tax restructuring costs of $210M-$240M; $179M incurred in 39 weeks ended 2016-10-29 ($29M in Q3); 10 stores closed as of quarter-end. Employee-related costs disclosed ($45M-$50M estimated total) but no employee counts given. Expected annualized pre-tax savings about $275M; estimated annualized sales loss about $250M.
2016-10-29restructuringin_progress2016-05-192017-01-28GlobalGlobalUSD 179 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced May 2016 measures to align talent/resources, including closure of 53 Old Navy stores in Japan and select Banana Republic stores. Cumulative pre-tax restructuring costs of $179 million incurred for the 39 weeks ended Oct 29, 2016. Employee-related costs included in this total were $44 million cumulative ($32M in operating expenses, $12M in COGS). No specific employee headcount reduction figure was disclosed.
2016-10-29restructuringin_progressUSD 29,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressCharges that will be settled with cash payments [Member]USD 39,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressCharges that will be settled with cash payments [Member] / Other Restructuring [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member]USD -7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Accelerated depreciation, net of reversal of depreciation expense related to asset retirement obligations [Member]USD -6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Employee Severance [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Other Restructuring [Member]USD -2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressOperating Expense [Member]USD 36,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressOperating Expense [Member] / Contract Termination [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressOperating Expense [Member] / Employee Severance [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressOperating Expense [Member] / Facility Closing [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressOperating Expense [Member] / Other Restructuring [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressContract Termination [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-29restructuringin_progressEmployee Severance [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progress2016-05-192017-01-28Global (Old Navy Japan; Banana Republic primarily international)Old Navy Japan fleet (53 stores); select Banana Republic stores; global brand structure / operating modelUSD 150 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
$150M pre-tax restructuring costs incurred in the 13 weeks ended 2016-07-30; total program estimated at $230M-$270M for fiscal 2016. About 75 stores expected to close in fiscal 2016. Employee-related costs of $41M accrued (lease termination $34M, other $12M) but no count of employees affected is disclosed. Estimated annualized pre-tax savings ~$275M; estimated annualized sales loss ~$250M.
2016-07-30plant_closurein_progress2016-05-192017-01-28JapanOld Navy Global — wind-down of 53-store fleetMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Old Navy winding down Japan operations, closing its fleet of 53 stores; part of the same May 19, 2016 restructuring program. No employee headcount associated with the closures is disclosed; charges are reported on a consolidated program basis in Note 3.
2016-07-30restructuringin_progress2016-05-192017-01-28GlobalOld Navy, Banana RepublicUSD 150 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced May 2016. Includes closure of 53 Old Navy stores in Japan and select Banana Republic stores. Total expected pre-tax costs $230M-$270M. $150M incurred in Q2 2016. Employee-related costs incurred: $41M (Q2), $15M-$20M expected remainder.
2016-07-30restructuringin_progressUSD 150,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressCharges that will be settled with cash payments [Member]USD 87,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressCharges that will be settled with cash payments [Member] / Other Restructuring [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Accelerated Depreciation [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Employee Severance [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressCost Of Goods Sold And Occupancy Expense [Member] / Other Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressOperating Expense [Member]USD 135,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressOperating Expense [Member] / Contract Termination [Member]USD 34,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressOperating Expense [Member] / Employee Severance [Member]USD 30,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressOperating Expense [Member] / Facility Closing [Member]USD 52,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressOperating Expense [Member] / Other Restructuring [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressContract Termination [Member]USD 34,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-30restructuringin_progressEmployee Severance [Member]USD 41,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-30restructuringannounced2016-05-192017-01-28Global; primarily Japan (Old Navy) and international Banana Republic locationsOld Navy, Banana Republic, and global corporate/operating modelUSD 300 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter program announced May 19, 2016: wind down all 53 Old Navy stores in Japan, close select Banana Republic stores (mostly international), and streamline the operating model/global brand structure — about 75 store closures total in fiscal 2016. Pre-tax restructuring costs of about $300 million expected in fiscal 2016, about $100 million non-cash, covering long-term asset and lease-related costs, employee-related costs, and inventory impairment. Estimated annualized pre-tax savings about $275 million and annualized sales loss about $250 million. No employee count disclosed; expected completion within fiscal 2016 (52 weeks ending January 28, 2017).
2016-04-30restructuringannounced2016-05-192016-12-31GlobalGlobalUSD 300 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Announced May 19, 2016. Includes closure of 53 Old Navy stores in Japan and select Banana Republic stores. Total ~75 store closures expected in fiscal 2016. Pre-tax costs ~$300 million, ~$100 million non-cash. Employee-related costs included but specific headcount not disclosed.
2016-01-30restructuringin_progress2015-06Global — North America (primary), Europe, AsiaGap brand — specialty store fleet and brand headquarters workforceUSD 132 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Multi-year program to right-size the Gap brand store fleet and streamline brand headquarters workforce. About 150 Gap specialty stores were closed in fiscal 2015 (per store table: 128 North America, 9 Asia, 18 Europe) as part of a stated plan to close roughly 175 North America specialty stores plus a limited number in Europe and Asia over the next few years. Total charges of $132M comprise $74M for store closures and workforce reduction (including $24M employee related expenses, $33M lease termination fees and lease losses, $10M store asset impairment, $7M other) and $58M of other charges (including $33M store asset impairment for underperforming stores, $20M inventory impairment, $5M other intangible asset impairment). Employee headcount affected not disclosed.
2016-01-30plant_closurecompleted2015-01United StatesPiperlime brandItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Full discontinuation of the Piperlime brand, announced January 2015 and executed during the first half of fiscal 2015; encompassed the e-commerce site, social channels, and one New York City store. Affected employee count and associated charges not disclosed.
2016-01-30restructuringin_progress2015-06Global (primarily North America, with limited Europe and Asia)Gap brand — specialty stores and headquarters workforceUSD 132 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Gap brand strategic actions: right-sizing the store fleet (about 175 Gap specialty stores planned for closure over several years), streamlining headquarters workforce, and product framework work. About 150 global specialty stores were closed during fiscal 2015. Charges comprise $74M store closure/workforce reduction items (including $33M lease termination fees and losses, $24M employee-related expenses, $10M store asset impairment, $7M other) and $58M other charges ($33M underperforming-store impairment, $20M inventory impairment, $5M intangible impairment). No employee headcount affected is disclosed.
2016-01-30plant_closurecompleted2015-012015-07-31United StatesPiperlime brandItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Piperlime brand closed during the first half of fiscal 2015, including the e-commerce site, social channels, and one New York City store. No employee count or associated charge disclosed.
2016-01-30plant_closurecompleted2016-01-30GlobalCompany-operated store fleet (all brands)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
202 Company-operated stores closed during fiscal 2015 (versus 197 opened), reducing the fleet from 3,280 to 3,275 locations. Includes the Gap brand closures and Piperlime closure noted above; no separate employee impact quantified. Store closures are not additive to the other records.
2016-01-30restructuringcompleted2015-06-01GlobalGap BrandUSD 132 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Strategic actions to position Gap brand for improved performance, including right-sizing store fleet and streamlining headquarters workforce. Approximately 150 global specialty stores closed. Charges include lease termination fees, employee related expenses, and asset impairments. Specific headcount reduction number not disclosed.
2015-10-31restructuringin_progress2502015-06-012016-01-30North AmericaGap brand headquartersUSD 130 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Part of Gap brand strategic actions announced June 2015; HQ workforce reduction of approximately 250 roles expected during fiscal 2015. Company expects $130M–$140M total charges in fiscal 2015 for the strategic actions, including store closures, workforce reduction, and asset impairments.
2015-10-31plant_closurein_progress2015-06-012018-01-31North AmericaGap brandMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to close approximately 175 Gap brand specialty stores in North America plus a limited number of European and Asian stores over the next few years; about 140 closures expected in fiscal 2015. No employee count disclosed for store closures.
2015-10-31plant_closurein_progress2015-06-012018-01-31Europe and AsiaGap brandMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Limited number of Gap brand store closures in Europe and Asia as part of the same strategic actions announced June 2015; no specific store or employee counts disclosed for these regions.
2015-10-31restructuringin_progress2015-06-012016-01-30GlobalGap BrandUSD 107 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced June 2015. Includes closure of ~175 Gap specialty stores in North America, limited European/Asian stores, and reduction of ~250 headquarter roles. YTD charges of $107M include lease termination fees, employee-related expenses, and asset impairments. Total expected fiscal 2015 charges: $130M-$140M.
2015-08-01plant_closurein_progress2015-06North America and EuropeGap brandUSD 23 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to close about 175 Gap brand specialty stores over the next few years, with about 140 closures in fiscal 2015. Charge shown is the lease termination/loss component of the $39M combined store-closure and workforce-reduction total; store closures do not have a disclosed employee count. Overall program charges expected to be $130M-$140M in fiscal 2015.
2015-08-01reduction_in_forcein_progress2502015-062016-01-30United StatesGap brand headquartersUSD 10 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Gap brand headquarter workforce expected to be reduced by approximately 250 roles during fiscal 2015. Charge shown is the employee-related component of the $39M combined store-closure and workforce-reduction total.
2015-08-01restructuringin_progress2015-06-012016-01-30GlobalGap BrandUSD 83 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced June 2015. Includes closing ~175 specialty stores (140 in FY2015) and reducing headquarter workforce by ~250 roles in FY2015. Q2 charges of $83M include lease termination fees, lease losses, employee-related expenses, and asset impairments. Total expected FY2015 charges: $130M-$140M.
2015-05-02plant_closurecompleted2015-04-30United StatesPiperlime (North America)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Piperlime brand discontinued as of April 30, 2015; its single North America store closed. No affected-employee count or charge disclosed.
2015-01-31plant_closureannounced2015-01United StatesPiperlime brand (managed under Growth, Innovation, and Digital division)MD&A
f5-10k / GLM-5.3-flash-HTML
Discontinuation of the entire Piperlime brand announced January 2015: closure of the e-commerce and social sites plus the brand's single New York City store, expected by the end of the first half of fiscal 2015 (approximately August 2015). No headcount impact, severance, or related charge quantified in the filing.
2015-01-31otherannounced2015-012015-07-31United StatesPiperlime brand (GID division)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company announced in January 2015 it would discontinue the Piperlime brand, including its e-commerce and social sites and its single New York City store, by the end of the first half of fiscal 2015. No employee-impact count or charge disclosed.
2015-01-31plant_closurecompleted2015-01-31United States, Canada, Europe, AsiaCompany-operated stores (all brands)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
100 Company-operated stores closed during fiscal 2014 (113 total including 13 franchise closures). Workforce impact of closures not quantified; long-lived asset impairment charge of $10 million recorded in fiscal 2014.
2014-02-01plant_closurecompletedNorth America, Europe, and AsiaCompany-operated retail stores (Gap, Old Navy, Banana Republic, Intermix)MD&A
f5-10k / GLM-5.3-flash-HTML
Routine retail portfolio churn rather than a discrete workforce program: 190 Company-operated stores opened and 121 closed during fiscal 2013. Closures by brand/region per the store table: Gap North America 60, Old Navy North America 33, Banana Republic North America 15, Gap Europe 8, Gap Asia 3, Banana Republic Asia 1, Intermix North America 1. The filing does not quantify workforce reductions, severance, or restructuring charges tied to these closures; only a de minimis $1 million long-lived asset impairment charge is disclosed for fiscal 2013.
2013-02-02plant_closurecompletedStores reportable segment (multiple brands)MD&A
f5-10k / GLM-5.3-flash-HTML
Fiscal 2012 store count table reports 137 Company-operated stores closed during the year (165 opened): Gap North America 83, Old Navy North America 32, Banana Republic North America 13, Gap Asia 6, Banana Republic Asia 2, Gap Europe 1. No employee headcount or severance impact is disclosed; the filing separately reports an $8 million Stores-segment long-lived asset impairment for fiscal 2012 without attributing it to specific closures. Forward guidance to close about 110 stores in fiscal 2013 is an expectation, not a discrete announced action, and was not extracted.
2013-02-02acquisition_additioncompleted2012-12-31United States and CanadaDirect reportable segment (Intermix brand)USD 129 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Gap acquired all outstanding stock of Intermix on December 31, 2012 for $129 million in cash; the acquired Intermix footprint comprised 31 stores, included in the 3,095 year-end company-operated store count. Added employee headcount was not disclosed. The charge value shown is the aggregate purchase price, not a severance or restructuring charge.
2013-02-02acquisition_additioncompleted2012-12-312012-12-31United States and CanadaDirect reportable segmentUSD 129 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Intermix Holdco Inc. for $129 million cash; 31 stores acquired and included in year-end store count. Purchase price allocated to goodwill ($85M), trade name ($38M), amortizable intangibles ($3M) and net assets ($3M); acquired headcount not disclosed.
2013-02-02plant_closurecompleted2013-02-02GlobalStores reportable segmentMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
137 Company-operated stores closed during fiscal 2012 (165 opened; net locations rose from 3,036 to 3,095). A further 13 franchise stores closed (98 franchise stores opened). Associated employee reductions are not quantified; lease losses of $3 million were recorded in fiscal 2012.
2013-02-02acquisition_additioncompleted2012-12-312012-12-31United States and CanadaDirectUSD 129 (millions)business_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquired Intermix Holdco Inc. for $129 million. Employee count not explicitly disclosed in acquisition footnote.
2012-01-28plant_closurecompleted2012-01-28North America (United States and Canada)Gap brand — Stores reportable segmentMD&A
f5-10k / GLM-5.3-flash-HTML
91 Gap North America stores closed during fiscal 2011 (23 opened) as part of ongoing strategic closures and consolidations reducing North America square footage. Closures occurred throughout the fiscal year; only store counts disclosed, employee impact not quantified.
2012-01-28plant_closurecompleted2012-01-28North America (United States and Canada)Old Navy brand — Stores reportable segmentMD&A
f5-10k / GLM-5.3-flash-HTML
43 Old Navy North America stores closed during fiscal 2011 (32 opened); MD&A attributes the North America square-footage reduction partly to Old Navy downsizes. Employee impact not quantified.
2012-01-28plant_closureannounced2012-03-262013-02-02Company-wide; Gap brand consolidation focused on North AmericaCompany-operated stores (Stores reportable segment); Gap brandMD&A
f5-10k / GLM-5.3-flash-HTML
Forward-looking fiscal 2012 plan: roughly 115 company-operated store closures against about 125 openings, with net square footage expected to decline about 1 percent. Gap brand targeted to reach roughly 950 North America stores by the end of fiscal 2013 through ongoing strategic closures and consolidations. Disclosed in the 10-K filed 2012-03-26; not yet executed as of filing.
2012-01-28plant_closurecompletedNorth America, Europe, AsiaStores (Gap, Old Navy, Banana Republic)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
154 Company-operated stores closed during fiscal 2011 (Gap North America 91, Old Navy North America 43, Gap Europe 5, Gap Asia 5, Banana Republic North America 9, Banana Republic Asia 1), plus 3 franchise stores closed; 122 stores opened. No associated headcount impact or severance charge disclosed. Fiscal 2012 plan (forward-looking) contemplates closing about 115 Company-operated stores.
2011-10-29plant_closurecompletedGlobal (primarily U.S. and Canada)Stores reportable segment — Company-operated storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
82 Company-operated stores closed during the 39 weeks ended 2011-10-29 (net store count 3,065; net square footage down about 2% expected for fiscal 2011). No associated headcount reduction or severance disclosed.
2011-01-29plant_closurecompletedUnited States, Canada, United Kingdom, France, Ireland, JapanCompany-operated retail stores (Gap, Old Navy, Banana Republic brands)MD&A
f5-10k / GLM-5.3-flash-HTML
98 Company-operated stores closed during fiscal 2010 (Gap North America 53, Gap Europe 6, Gap Asia 2, Old Navy North America 30, Banana Republic North America 6, Banana Republic Europe 1) as part of ongoing store fleet rationalization; excludes 5 franchise store closures (franchisee-operated); no employee headcount or severance charge amounts disclosed.
2011-01-29plant_closureannouncedNot specifiedCompany-operated retail storesMD&A
f5-10k / GLM-5.3-flash-HTML
Company expects to close about 125 Company-operated store locations in fiscal 2011 (alongside about 115 planned openings), reducing net Company-operated square footage by roughly 3 percent; disclosed in the fiscal 2010 Form 10-K; no employee headcount impact or charges disclosed.
2011-01-29plant_closurecompleted2011-01-29United States, Canada, United Kingdom, France, Ireland, Japan, China, ItalyStores reportable segmentItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fiscal 2010 store closures: 98 Company-operated stores and 5 franchise stores closed (103 total), against 118 openings; no associated employee reduction count or charge is disclosed.
2010-01-30plant_closurecompleted2010-01-30United States, Canada, United Kingdom, France, Ireland, and JapanStores reportable segment (Gap, Old Navy, Banana Republic brands)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
101 company-owned stores closed during fiscal 2009 (47 opened), ending the year with 3,095 locations; associated workforce reduction not quantified by the filer.
2010-01-30plant_closurecompleted5502007-022007-06-30United StatesForth & Townediscontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Closure of Forth & Towne brand stores. Workforce reduced by approximately 550 employees in fiscal 2007. All stores closed by end of June 2007.
2009-10-31plant_closurecompletedUnited States and internationalStores reportable segmentMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
42 wholly owned stores closed during the 39 weeks ended 2009-10-31 (36 opened), leaving 3,143 locations; no associated workforce reduction figures disclosed. Company expected about 100 store closures for fiscal 2009 including repositions.
2009-08-01plant_closurecompleted2009-08-01United States and internationalStores reportable segmentMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
27 wholly owned stores closed during the 26 weeks ended August 1, 2009 (net store count 3,145). No associated headcount or severance figures disclosed.
2009-08-01plant_closureannounced2010-01-30United States and internationalStores reportable segmentMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Fiscal 2009 plan: about 50 new store openings and about 100 closures, including repositions; net square footage expected to decrease about 2 percent. No workforce impact quantified.
2009-01-31othercompleted7,000Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Net headcount decrease of 7,000 versus fiscal 2007 year-end (141,000 to 134,000), attributed by the company to its ongoing commitment to cost management. Not a formally announced restructuring or RIF program; no severance charge was disclosed for fiscal 2008 (a $20 million severance-related cost-reduction charge related to fiscal 2007 only and was therefore not extracted).
2009-01-31plant_closurecompletedUnited States, Canada, United Kingdom, France, Ireland, Japan (wholly owned store fleet)Stores reportable segment (Gap, Old Navy, Banana Republic)MD&A
f5-10k / GLM-5.3-flash-HTML
119 wholly owned store locations closed during fiscal 2008 (Gap North America 69, Gap Europe 9, Gap Asia 5, Old Navy North America 26, Banana Republic North America 10), alongside 101 openings; routine fleet optimization rather than an announced closure program. Affected employee count not disclosed; closures contribute to the 7,000 net workforce decrease reported in Item 1, so the two records overlap in cause.
2009-01-31acquisition_additioncompleted2008-09-28United States (Petaluma, California)Direct reportable segmentbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired all outstanding capital stock of Athleta, Inc., a women's sports and active apparel company, for an aggregate purchase price of $148 million in cash including transaction costs; results consolidated from September 29, 2008 and all assets allocated to the Direct segment. Number of employees added through the acquisition is not disclosed.
2009-01-31plant_closureannounced2009-03-27Stores reportable segmentMD&A
f5-10k / GLM-5.3-flash-HTML
Forward-looking guidance for fiscal 2009: company expects to close about 100 store locations (alongside about 50 openings), reducing net square footage by roughly 2 percent. No employee impact quantified; announcement date reflects the 10-K disclosure date of March 27, 2009.
2009-01-31othercompleted7,000GlobalCompany-wideItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Year-over-year headcount decline of 7,000 versus fiscal 2007, attributed by the filer to cost management; not labeled as a formal RIF or restructuring and no severance charge disclosed.
2009-01-31acquisition_additioncompleted2008-09-282008-09-28United StatesDirect (online and catalog)USD 148 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Athleta acquired September 28, 2008 for $148 million; no employee headcount associated with the acquisition is disclosed.
2009-01-31restructuringcompleted5502007-022007-06-30United StatesForth & Townediscontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Closure of 19 Forth & Towne stores and reduction of workforce by approximately 550 employees in fiscal 2007.
2009-01-31restructuringcompleted7,000GlobalCorporate and Store OperationsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Reduction in number of employees by 7,000 compared to fiscal 2007 reflects ongoing commitment to cost management.
2008-11-01acquisition_additioncompleted2008-09-28United StatesAthleta (women's active apparel)USD 147 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price of $147M in cash including transaction costs; headcount added not disclosed. Results included from September 29, 2008.
2008-11-01plant_closurecompletedGlobalMultiple brands (Gap, Old Navy, Banana Republic)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
17 stores closed during the third quarter of fiscal 2008 (37 opened); 69 stores closed year-to-date (92 opened, including 16 repositions counted as both). Associated workforce impact not disclosed.
2008-11-01restructuringcompleted5502007-02-012007-06-30GlobalForth & Townediscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Workforce reduction associated with closure of 19 Forth & Towne stores completed in fiscal 2007.
2008-08-02restructuringcompleted5502007-02-012007-06-30GlobalForth & Townerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Workforce reduction associated with the closure of 19 Forth & Towne stores, completed in fiscal 2007.
2008-05-03othercompleted12008-02-192008-02-19United StatesOld Navy — Brand PresidentUSD 620,747 (units)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Involuntary termination of President, Old Navy, effective 2008-02-19; agreement signed 2008-03-25 provides $620,747 additional consideration plus a $337,500 additional payment, with relocation cost and initial bonus repayment waived.
2008-05-03othercompleted12008-03-202008-03-31United StatesCorporate — Chief Legal and Administrative OfficerUSD 50,000 (units)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employment terminated effective 2008-03-31; $50,000 additional consideration for release. Severance under amended agreement (Exhibit 10.2) includes 18 months salary, COBRA and financial counseling continuation, and accelerated vesting of awards vesting within 18 months; dollar value of severance not quantified.
2008-05-03plant_closurecompletedRetail stores (all brands)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
23 stores closed during the first quarter of fiscal 2008 (33 new stores opened in the same period); no associated workforce reduction count disclosed. Store count moved from 3,134 to 3,177 locations.
2008-05-03restructuringcompleted5502007-02-012007-06-30GlobalForth & TowneUSD 46 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Workforce reduction of approx. 550 employees in fiscal 2007 related to closure of 19 Forth & Towne stores. Pre-tax charges included $29M asset impairment, $4M severance, and $3M admin costs.
2008-02-02plant_closurecompleted5502007-02-262007-06-30United States (10 U.S. markets)Forth & Towne brandUSD 56 (millions)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
All 19 Forth & Towne stores were closed by the end of June 2007 with approximately 550 positions eliminated. Fiscal 2007 pre-tax discontinued-operation loss of $56 million includes $5 million employee severance, $29 million long-lived asset impairment, $6 million lease settlement charges, $2 million net sublease losses and $4 million administrative and other costs; $34 million after tax benefit. Employee count is approximate.
2008-02-02restructuringcompletedHeadquarter locationsCorporate / headquarter functionsUSD 34 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Organizational streamlining to let brands make decisions and effect change more efficiently; $32 million recorded in operating expenses and $2 million in cost of goods sold and occupancy, with the majority related to severance benefits for headquarter employees. Quarterly data footnote indicates $20 million was recognized in fiscal Q2 2007. Number of employees affected was not disclosed.
2008-02-02plant_closurecompletedStore fleet (Gap, Old Navy, Banana Republic and other brands)MD&A
f5-10k / GLM-5.3-flash-HTML
178 store locations closed during fiscal 2007, including 45 Old Navy Outlet stores converted to Old Navy (counted as both openings and closings) and the 19 Forth & Towne closures captured as a separate action above. No associated headcount reduction or charge was disclosed for these routine fleet closures; 214 new stores were opened in the same period.
2008-02-02plant_closurecompleted5502007-02-262007-06-30United StatesForth & TowneUSD 5 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
About 550 positions eliminated; all 19 stores closed by end of June 2007. Charge shown is FY2007 pre-tax employee severance within a $56 million total pre-tax discontinued-operation loss (includes $29M asset impairment, $6M lease settlements, $2M sublease losses, $4M other).
2008-02-02restructuringcompletedUnited StatesCorporate / headquartersUSD 34 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Organizational streamlining in FY2007; $34M total ($32M operating expenses, $2M cost of goods sold and occupancy), majority severance for headquarters employees. Headcount affected not disclosed.
2008-02-02restructuringcompleted5502007-02-262007-06-30United StatesForth & TowneUSD 5 (millions)discontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduction in workforce associated with the closure of all 19 Forth & Towne stores. Total pre-tax loss included $5 million employee severance.
2007-11-03plant_closurecompleted5502007-022007-06-30United StatesForth & Townerestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
All 19 Forth & Towne stores closed by end of June 2007; workforce reduced by approximately 550 employees in first half of fiscal 2007. 39-week loss included $29M long-lived asset impairment, $5M net sublease losses, $4M employee severance, $3M other lease charges, $4M admin/other costs.
2007-11-03restructuringin_progressUnited StatesCorporate / cost reduction initiativesUSD 20 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee severance of $20M for 39 weeks and $2M for 13 weeks related to cost reduction initiatives under SFAS 112; no employee count disclosed. MD&A cites $32M total expense for cost reduction initiatives in first three quarters of fiscal 2007.
2007-11-03restructuringcompleted5502007-02-012007-06-30GlobalForth & TowneUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of 19 Forth & Towne stores. Workforce reduced by approx. 550 employees in first half of fiscal 2007. $4 million employee severance recorded in 39 weeks ended Nov 3, 2007.
2007-11-03restructuringin_progressGlobalCorporate / GeneralUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cost reduction initiatives. $20 million employee severance recorded in 39 weeks ended Nov 3, 2007 for employees terminated under existing transition policies. Employee count not disclosed.
2007-08-04plant_closurecompleted5502007-022007-06-30United StatesForth & TowneUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
All 19 Forth & Towne stores closed by end of June 2007; workforce reduced by approximately 550 employees. Total loss from the discontinued operation was $54M pre-tax for the 26 weeks ended August 4, 2007, including $29M asset impairment, $5M sublease losses, $4M severance, $3M administrative costs, and $2M other lease charges. Future charges expected to be immaterial.
2007-08-04reduction_in_forcecompleted2,2002007-08-04United StatesPrimarily headquarters / corporate functionsUSD 25 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 2,200 positions eliminated during the first half of fiscal 2007 as part of cost reduction initiatives, of which about one-third were open positions; roughly $25M pre-tax expense, mostly severance for headquarters employees. No specific announcement date given.
2007-08-04plant_closurein_progress2007-022007-12-31United StatesDistribution — Hebron, Kentucky facilityrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Distribution facility closure decided February 2007 as part of network capacity assessment; closure expected complete by December 2007. Related charges described as not material; no employee count disclosed.
2007-08-04otherin_progress2007-032007-10-31United StatesOld Navy — conversion of approximately 45 Old Navy Outlet stores into Old Navy storesrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Store format conversion announced March 2007, expected complete by October 2007; charges described as not material and no employee count disclosed. Store conversion rather than closure.
2007-08-04plant_closurecompleted5502007-02-012007-06-30United StatesForth & TowneUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of 19 Forth & Towne stores completed by end of June 2007. Workforce reduced by approximately 550 employees. Accrued severance balance at August 4, 2007 was $2 million.
2007-08-04restructuringin_progress2007-02-012007-12-31United StatesDistributionrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Decision to close distribution facility in Hebron, Kentucky. Closure expected to be completed by December 2007. Employee count not disclosed.
2007-08-04restructuringin_progress2007-03-012007-10-31United StatesOld Navyrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Conversion of approximately 45 Old Navy Outlet stores into Old Navy stores. Conversion expected to be completed by October 2007. Employee count not disclosed.
2007-08-04reduction_in_forcecompleted2007-02-042007-08-04GlobalCorporate and Store OperationsUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee severance charges of $18 million recorded for the twenty-six weeks ended August 4, 2007, primarily related to cost reduction initiatives. Specific employee count not disclosed.
2007-05-05plant_closurein_progress5502007-02-262007-06-30Forth & TowneUSD 37 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 charges comprise $29M long-lived asset impairment, $4M severance, $3M admin/other, $1M inventory write-offs. All 19 stores planned for closure by end of June 2007. Additional $5-10M closure charges expected in Q2-Q3 FY2007, primarily lease-related. Total pre-tax net loss for Forth & Towne in FY2007 expected at ~$60M including operating losses.
2007-05-05plant_closurein_progress2007-022007-12-31United StatesDistributionrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure of distribution facility in Hebron, Kentucky announced February 2007. Charges in Q1 and expected future expenses described as not material; no employee count disclosed.
2007-05-05otherin_progress2007-032007-10-31United StatesOld Navyrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Conversion of approximately 45 Old Navy Outlet stores into Old Navy stores announced March 2007. Charges in Q1 and expected future expenses described as not material; no employee count disclosed.
2007-05-05restructuringin_progressCorporate / organizationalUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance of $5M recorded in Q1 FY2007 for organizational changes separate from Forth & Towne. An additional $8M of employee severance related to organizational changes was recorded subsequent to quarter-end. No employee count disclosed for either tranche.
2007-05-05restructuringin_progress5502007-02-262007-06-30United StatesForth & TowneUSD 37 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of 19 Forth & Towne stores. Charges include $29M impairment, $4M severance, $3M admin, $1M inventory write-offs.
2007-05-05restructuringin_progress2007-02-012007-12-31United StatesDistributionrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of distribution facility in Hebron, Kentucky. Charges not material.
2007-05-05restructuringin_progress2007-03-012007-10-31United StatesOld Navyrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Conversion of approximately 45 Old Navy Outlet stores into Old Navy stores. Charges not material.
2007-05-05restructuringin_progress2007-02-01GlobalCorporateUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee severance related to other organizational changes. $5M recorded in Q1, $8M recorded subsequent to quarter end.
2007-02-03plant_closureannounced2007-02-262007-06-30United StatesForth & TowneUSD 40 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
All 19 Forth & Towne stores to be closed after the concept failed to demonstrate acceptable long-term return on investment. Approximate $40 million pre-tax charge comprises long-term asset and facilities-related costs, severance and outplacement costs, inventory write-offs, and administrative costs; recognized primarily in the first and second quarters of fiscal 2007, with certain facilities-related cash payments spread over remaining lease terms. Headcount affected not disclosed.
2007-02-03plant_closureannounced2007-02United States (Hebron, Kentucky)Distribution / logisticsUSD 6 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Decision made in February 2007 as part of an ongoing assessment of network capacity; no headcount or completion date disclosed. The approximately $6 million of expected fiscal 2007 expenses covers both this closure and the conversion of 45 Old Navy Outlet stores into Old Navy stores and is not broken out between the two actions.
2007-02-03plant_closurecompleted2006-06Canada (Brampton, Ontario)Distribution / logisticsrestructuring_footnote
f5-10k / GLM-5.3-flash-HTML
One of two Brampton distribution facilities closed in fiscal 2006 and its operations consolidated into the other Brampton facility. A purchase agreement was executed in June 2006 and the sale completed in the third fiscal quarter of fiscal 2006, producing a $3 million gain recorded in operating expenses (a gain, not a charge). Workforce impact not disclosed.
2007-02-03othercompletedUSD 10 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Fiscal 2006 severance and outplacement reserve roll-forward shows a net additional provision of $10 million and $5 million of cash payments during the year, leaving a $7 million reserve balance at February 3, 2007. No underlying program, event, or headcount is identified in the filing; relationship to specific fiscal 2006 store or facility closures is not disclosed.
2007-02-03plant_closureannounced2007-02-262007-06-30United StatesForth & Towne brandUSD 40 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax expenses cover long-term asset and facilities costs, severance and outplacement, inventory write-offs and administrative costs; recognized primarily in the first two quarters of fiscal 2007, with some facilities cash payments over remaining lease terms. Headcount impact not disclosed.
2007-02-03otherannounced2007-03-012007-10-31United StatesOld Navy brandUSD 6 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charge of approximately $6 million is combined with the Hebron, Kentucky distribution facility closure and is not allocated between the two actions. Conversion of 45 stores; headcount impact not disclosed.
2007-02-03plant_closureannounced2007-02-28United StatesDistributionsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Decision made in February 2007 (exact day not disclosed; date shown is month-end placeholder). Expenses are part of the combined approximately $6 million with the Old Navy Outlet conversion. Headcount impact not disclosed.
2007-02-03plant_closurecompleted2006-06-302006-10-28CanadaDistributionother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
One of two Brampton, Ontario facilities closed and operations consolidated into the remaining facility; purchase and sale agreement executed June 2006, sale completed in the third fiscal quarter of 2006 with a $3 million gain recorded in operating expenses. Announcement date shown is month placeholder; headcount impact not disclosed.
2007-02-03plant_closurecompleted2007-02-03United States and internationalRetail stores (all brands)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Full-year count of store closures (194 stores also opened during the year). Associated workforce reduction not quantified in the filing.
2007-02-03plant_closureannounced2007-02-262007-06-30United StatesForth & TowneUSD 40 (millions)subsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Announced closure of all 19 Forth & Towne stores. Pre-tax expenses of approx $40 million include long-term asset costs, severance, inventory write-offs, and administrative costs. Employee count not explicitly disclosed.
2007-02-03plant_closureannounced2007-02-01United StatesDistributionsubsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Decision to close distribution facility in Hebron, Kentucky. Expenses associated with this closure and Old Navy Outlet conversions expected to be approx $6 million in fiscal 2007. Employee count not explicitly disclosed.
2006-01-28restructuringcompletedCorporateUSD 6 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Six million dollars of corporate severance and outplacement expense recorded in fiscal 2005; the severance liability roll-forward shows the provision fully paid in cash during the year, leaving the ending balance unchanged at $2 million. Number of employees affected not disclosed. MD&A discussion sits within the second-quarter corporate facility assessment narrative, but the charge is not separately dated.
2006-01-28plant_closurecompleted2006-01-28Gap brand (primarily)MD&A
f5-10k / GLM-5.3-flash-HTML
139 under-performing store locations closed during fiscal 2005, mainly Gap brand. Store closures imply store-level workforce reductions, but no employee counts are disclosed. Most closures occurred at lease expiration.
2006-01-28plant_closureannounced2006Brampton, Ontario, CanadaDistribution operationsother
f5-10k / GLM-5.3-flash-HTML
One of two Brampton, Ontario distribution facilities to be closed, with operations consolidated into the other Brampton facility in the fall of 2006. Described as recently announced; exact announcement date not disclosed. No employee count provided.
2006-01-28plant_closureannounced2006-03-272007-02-03North AmericaGap brand (primarily)MD&A
f5-10k / GLM-5.3-flash-HTML
Fiscal 2006 real estate plan (53-week year ending 2007-02-03) to close about 135 stores, mainly Gap brand in North America, with most closures at lease expiration. Announcement date reflects the Form 10-K filing date; plan implies store-level workforce reduction but no headcount is disclosed.
2006-01-28otherannounced2006-01-13Information Technologyother
f5-10k / GLM-5.3-flash-HTML
Ten-year non-exclusive IT services agreement under which IBM will operate IT infrastructure previously run in-house; renewable up to three additional years. The attached MSA defines 'Affected Employees' and 'Employment Claim(s)', indicating workforce impact, but no headcount or employee-transfer terms are disclosed in the filing. Approximately $1.1 billion of expected payments over the initial term is a service commitment, not a workforce charge.
2006-01-28plant_closurecompletedPrimarily United States (North America)Primarily Gap brandMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
139 under-performing store locations closed during fiscal 2005, mainly Gap brand; store-attribute closures occurred mainly upon lease expiration. No associated employee count or charge disclosed. Store count moved from 2,994 to 3,053 (198 openings, 139 closures).
2006-01-28restructuringcompletedUnited StatesCorporateUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fiscal 2005 charge of $6 million for corporate severance and outplacement expenses, recorded alongside a net $61 million release of sublease loss reserve. Number of employees affected not disclosed.
2006-01-28plant_closureannounced2006-09-30Brampton, Ontario, CanadaDistributionother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company announced it will close one of its two Brampton, Ontario distribution facilities and consolidate operations into the other Brampton facility in fall 2006. Announcement date not stated; no employee count or charge disclosed.
2006-01-28otherannounced2006-01-13United StatesInformation Technologyrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Non-exclusive services agreement with IBM dated January 13, 2006 under which IBM will operate certain IT infrastructure functions currently operated in-house; initial 10-year term with expected payments of approximately $1.1 billion. No employee transfer or headcount impact quantified; treated as announced outsourcing arrangement rather than a quantified RIF.
2006-01-28restructuringcompleted2005-04-30United StatesCorporateUSD -61 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Net release of $61 million sublease loss reserve due to decision to occupy vacant leased properties in San Francisco.
2006-01-28plant_closurecompleted2004-01-012004-08-01GermanyGaprestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of Gap stores and exit from German market completed in August 2004. 10 store locations affected.
2005-10-29plant_closurecompleted2005-10-31Edgewood, Maryland, United StatesDistributionrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Distribution facility closed July 2005, operations consolidated into other facilities, facility sold October 2005; no material charges and no affected-employee count disclosed.
2005-10-29plant_closurecompleted2005-10-29United States (mainly Gap brand and Old Navy)Retail storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closed 11 under-performing stores during the third quarter; no associated workforce reduction quantified.
2005-10-29plant_closurecompleted2005-10-29Maryland, USADistributionMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closed Edgewood, Maryland distribution facility in July 2005 and sold it in October 2005. Operations consolidated into other facilities. No material charges recorded.
2005-07-30plant_closurecompletedGap brand (predominantly)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closures occurred during the quarter; no employee counts, severance charges, or closure dates disclosed. Offset by 40 new store openings, mainly Old Navy.
2005-07-30plant_closurecompleted2005-07United States (Edgewood, Maryland)Distributionother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Facility closed and operations consolidated into other facilities in July 2005; filing states no material charges in first half of fiscal 2005. No employee count disclosed. Also mentioned in MD&A Operating Expenses section; extracted once from the footnote.
2005-07-30plant_closurecompleted2005-07-302005-07-30Maryland, USADistributionMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closed Edgewood, Maryland distribution facility and consolidated operations into other facilities. No material charges recorded.
2005-04-30plant_closurecompletedUnited StatesGap brand (primarily)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closed 25 under-performing stores during Q1 fiscal 2005, mainly Gap brand; no associated employee count or charge disclosed. 41 new stores opened, mainly Old Navy.
2005-01-29divestiture_reductioncompleted2004-012004-08-01GermanyGap brand — retail storesother
f5-10k / GLM-5.3-flash-HTML
Agreement to sell Gap's 10 German stores signed January 2004; sale and market exit completed effective August 1, 2004. Germany was under 1 percent of total company sales. The $14 million asset write-down was recognized in fiscal 2003, not fiscal 2004. Affected employee count not disclosed.
2005-01-29plant_closureannounced2005-07Edgewood, Maryland, United StatesDistribution networkother
f5-10k / GLM-5.3-flash-HTML
Closure of the Edgewood, Maryland distribution facility announced during fiscal 2004 (exact date not given), with operations to be consolidated into other distribution facilities in summer 2005. No material charges were recorded in fiscal 2004. Affected employee count not disclosed.
2005-01-29plant_closurecompletedPrimarily Gap brand storesMD&A
f5-10k / GLM-5.3-flash-HTML
Aggregate of 158 under-performing store closures completed during fiscal 2004, mainly Gap brand; the year-end store count fell to 2,994. A majority of closures occurred at the end of the fiscal year and most closures occur upon lease expiration. Store-level employee impacts not disclosed.
2005-01-29plant_closureannouncedNorth America (mainly)Mainly Gap brandMD&A
f5-10k / GLM-5.3-flash-HTML
Forward-looking fiscal 2005 plan disclosed in this 10-K: approximately 135 store closures planned for 2005 as part of real estate fleet optimization, paired with a plan to open about 175 new stores weighted toward Old Navy. Announced after fiscal year-end; not yet executed as of the filing.
2005-01-29divestiture_reductioncompleted2004-01-312004-08-01GermanyGap brand retail storesUSD 14 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement signed January 2004 to sell and exit the German market effective August 1, 2004; 10 store locations, under 1% of company sales. Headcount not disclosed; $14M asset write-down recorded in fiscal 2003.
2005-01-29plant_closurecompleted2005-01-29North AmericaPrimarily Gap brand storesMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
158 under-performing store locations closed during fiscal 2004 (130 new stores opened); most closures occurred at year-end. Employees affected not disclosed.
2005-01-29restructuringcompleted2005-01-29United StatesCorporate headquartersUSD 2 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fiscal 2004 charge for corporate severance and outplacement expenses; employee count not disclosed. Related excess-facility sublease loss charges of $4.8M also recorded in fiscal 2004.
2005-01-29plant_closureannouncedEdgewood, Maryland, United StatesDistribution centerItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure and consolidation of the Edgewood, MD distribution facility announced during fiscal 2004, scheduled for summer 2005; no material charge recorded in fiscal 2004 and no employee count disclosed.
2005-01-29plant_closureannouncedNorth AmericaPrimarily Gap brand storesMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan to close about 135 stores in fiscal 2005 as part of fleet optimization, alongside about 175 planned openings; forward-looking plan, employees affected not disclosed.
2005-01-29plant_closurecompleted2004-012004-08-01GermanyGapUSD 14 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Sold Gap stores and exited German market. Charge recognized in fiscal 2003 for asset write-downs; sale completed August 2004.
2005-01-29plant_closureannounced20042005-06Maryland, USADistributionMD&A
f5-10k / Qwen3.6-27B-Q8_0
Announced closure of Edgewood distribution facility to consolidate operations. No material charges in fiscal 2004.
2005-01-29restructuringin_progressSan Francisco Bay AreaCorporate HeadquartersUSD 5 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Additional sublease loss charges recorded due to weakness in commercial real estate market.
2004-01-31divestiture_reductionannounced2004-012004-08-01GermanyGap brand (international retail operations)USD 14 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Agreement signed in January 2004 (within fiscal 2003) to sell Gap brand German operations, effective August 1, 2004; 10 store locations accounting for well under 1 percent of total company sales. $14 million operating expense charge was for asset write-downs to estimated fair value (expected net selling price), not severance. Employee headcount affected is not disclosed.
2004-01-31plant_closurecompletedRetail store fleet (brand-level closure counts not disclosed for fiscal 2003)MD&A
f5-10k / GLM-5.3-flash-HTML
130 store locations were closed during fiscal 2003 (35 opened), reducing year-end locations to 3,022 and net square footage by 2 percent as part of optimizing store fleet productivity. No employee counts are disclosed for the closures. Separately, fiscal 2003 included a $22.6 million charge for impairment of store assets; store closure decisions are cited as a triggering event for such impairment reviews, though the charge is not explicitly attributed to the 130 closures.
2004-01-31divestiture_reductionannounced2004-012004-08-01GermanyGap brand retail operationsUSD 14 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement signed January 2004 to sell German operations (10 stores); $14M asset write-down to fair value. Headcount not disclosed.
2004-01-31plant_closurecompleted2004-01-31United States, Canada, United Kingdom, France, Japan, GermanyStore fleet optimizationMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
130 store locations closed and 35 opened during fiscal 2003; associated headcount not disclosed. Store impairment charges of $22.6M recorded in fiscal 2003.
2004-01-31restructuringcompleted2004-01-012004-08-01GermanyGap BrandUSD 14 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Agreement signed in Jan 2004 to sell Gap operations in Germany (10 stores). Charge of $14 million for asset write-downs recognized.
2004-01-31restructuringin_progress2003-01-012017-12-31United StatesCorporate FacilitiesUSD 9 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Additional sublease loss charge of $8.6 million recorded in fiscal 2003 related to excess corporate facilities in San Francisco and San Bruno.
2003-11-01plant_closurecompletedGlobalRetail stores (Gap U.S., Gap International, Banana Republic, Old Navy)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
36 store locations closed in the quarter and 75 year-to-date; no associated employee counts or severance disclosed.
2003-08-02plant_closurecompletedUnited States and internationalRetail storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
20 store locations closed during the second quarter (39 year-to-date); no associated employee counts or charges disclosed. Company also plans net closures of 75-85 store locations for fiscal 2003.
2003-02-01plant_closurecompleted20012002-05-04Ventura, California, United StatesDistributionrestructuring_footnote
f5-10k / GLM-5.3-flash-HTML
One of four distribution centers announced for closure in fiscal 2001; closure completed by Q1 fiscal 2002 and facility plus adjacent land sold in October 2002. Headcount impact and fiscal 2002 charge not separately disclosed.
2003-02-01plant_closurecompleted20012002-05-04Basildon, EnglandDistributionrestructuring_footnote
f5-10k / GLM-5.3-flash-HTML
One of four distribution centers announced for closure in fiscal 2001; closure completed by Q1 fiscal 2002. Headcount impact not disclosed.
2003-02-01plant_closurecompleted20012002-08-03Roosendaal, NetherlandsDistributionUSD 1 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Closed during Q2 fiscal 2002; fiscal 2002 impairment reduced the held-for-sale land and building to estimated net selling price, carrying value $7.5 million at year-end. Headcount not disclosed; original severance was charged in fiscal 2001.
2003-02-01plant_closurecompleted20012002-11-02Erlanger, Kentucky, United StatesDistributionrestructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Last of four distribution center closures announced in fiscal 2001, completed during Q3 fiscal 2002. Program-wide remaining cash expenditures for facility closures were $4.2 million at fiscal year-end, and all employee separation expenditures had been paid.
2003-02-01restructuringin_progress20022017San Francisco and San Bruno, California, United StatesCorporate headquarters facilitiesUSD 77 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Additional 193,228 square feet of excess corporate space identified in 2002; sublease loss charge recorded in operating expenses. Remaining cash outlays paid over lease terms through 2017. No headcount reduction quantified for this charge; the related workforce-reduction charge of $25 million was a fiscal 2001 item.
2003-02-01plant_closurecompletedRetail stores - Gap, Banana Republic and Old Navy brandsMD&A
f5-10k / GLM-5.3-flash-HTML
107 store concepts (Gap Adult/GapKids/babyGap/GapBody counted individually when meeting square-footage threshold) were closed during fiscal 2002 as routine portfolio churn; closures occurred throughout the year and no workforce impact or charge is specifically tied to them.
2003-02-01plant_closurecompleted2003-02-01United States (Ventura, CA; Erlanger, KY), United Kingdom (Basildon), Netherlands (Roosendaal)DistributionUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program announced during 2001 (exact date not disclosed); all four distribution center closures completed during fiscal 2002. Fiscal 2002 charge was a $1.0M impairment on the Roosendaal facility held for sale; remaining cash expenditures of $4.2M expected by Q3 fiscal 2003. No employee counts disclosed; all separation expenditures paid as of year-end.
2003-02-01restructuringin_progress2017-12-31United States (San Francisco and San Bruno, California)Corporate headquartersUSD 77 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fiscal 2002 sublease loss charge on 193,228 square feet of additional excess headquarters space, plus revised sublease assumptions; cash outflows through 2017. No headcount impact quantified.
2003-02-01plant_closurecompleted2003-02-01United States, Canada, United Kingdom, France, Germany, JapanRetail stores (Gap, Banana Republic, Old Navy)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
107 store concepts closed during fiscal 2002; no associated workforce reduction quantified in the filing. Related store asset impairment charge of $39.9M recorded in fiscal 2002.
2003-02-01restructuringcompleted2001-01-012003-09-30GlobalDistribution CentersUSD 4 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Closure of four distribution facilities (Ventura, Erlanger, Basildon, Roosendaal). Remaining cash expenditures of $4.2 million expected by Q3 FY2003. All employee separation expenditures paid as of Feb 1, 2003.
2003-02-01restructuringin_progress2001-01-012017-12-31United StatesCorporate HeadquartersUSD 77 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Consolidation and downsizing of San Francisco and San Bruno campuses. Identified 361,383 sq ft excess space in FY2001 and additional 193,228 sq ft in FY2002. Recorded $77.4 million sublease loss charge in FY2002. Remaining expenditures paid through 2017.
2002-11-02plant_closurecompleted2001United States — Erlanger, KentuckyDistribution / supply chainrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Distribution facility closure completed during the third quarter of fiscal 2002; no employee count or facility-specific charge disclosed. Aggregate remaining facilities reserve was $5.3M at quarter end.
2002-11-02plant_closurecompleted2001United States — Ventura, CaliforniaDistribution / supply chainrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Distribution facility sold in October 2002 (within the quarter); no employee count or facility-specific charge disclosed.
2002-11-02plant_closurecompleted2001Netherlands — RoosendaalDistribution / supply chainrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure occurred during the second quarter of fiscal 2002 (prior quarter); property classified as held for sale under SFAS 144 with $8.3M carrying value at November 2, 2002. No employee count disclosed.
2002-11-02restructuringin_progress2001-01-012003-08-03GlobalDistribution CentersUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Remaining reserves of $5.3 million associated with facilities (Ventura, Basildon, Roosendaal, Erlanger) expected to be paid by Q3 FY2003.
2002-11-02restructuringin_progress2001-01-012003-02-01GlobalCorporateUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Remaining reserves of $0.3 million associated with employee separations expected to be paid by Q4 FY2002.
2002-11-02restructuringin_progress2001-01-01San Francisco, CaliforniaHeadquartersUSD 55 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Remaining sublease loss reserve of $54.8 million due to deteriorating sublease market conditions for consolidated headquarters facilities.
2002-08-03plant_closurecompleted20012002-05-04Roosendaal, HollandDistributionrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Distribution center closed during the second quarter of fiscal 2002 as part of a four-facility closure plan announced in 2001; no employee count disclosed. Land and buildings held for sale under SFAS 144. Remaining reserve balances at 2002-08-03: severance/outplacement $1.605M, facilities $6.950M, sublease loss $41.068M (total $49.623M).
2002-08-03plant_closurein_progress20012002-11-02Erlanger, Kentucky, United StatesDistributionrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Filer states closure expected by the third quarter of fiscal 2002; no employee count disclosed. Remaining cash expenditures of $7M for facilities and $1.6M for employee separations expected to be paid by the first and third quarters of fiscal 2002, respectively.
2002-08-03restructuringin_progress2001-07-012002-11-02GlobalDistribution Centers and HeadquartersUSD 50 (thousands)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Remaining reserve balance of $49.6 million as of Aug 3, 2002 relates to distribution center closures (Ventura, Basildon, Roosendaal, Erlanger) and HQ downsizing announced in 2001. Includes $1.6M for employee separations expected to be paid by Q3 FY2002 and $7M for facilities expected by Q1 FY2003.
2002-05-04plant_closurein_progress30020012002-11United States, United Kingdom, NetherlandsDistribution / supply chainUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced in 2001 to close four distribution centers (Ventura CA, Basildon UK, Erlanger KY, Roosendaal NL). Ventura and Basildon completed by Q1 fiscal 2002; Erlanger expected by Q3 fiscal 2002 and Roosendaal by Q2 fiscal 2002. Remaining severance/outplacement relates to about 300 employees; remaining cash outlays of $3.5M for separations and $5.7M for facilities expected by Q3 fiscal 2002. Total reserve balance at May 4, 2002 was $51.7M (severance $3.5M, facilities $5.7M, sublease loss $42.6M). Filer does not break out employee counts per facility.
2002-05-04restructuringin_progress3002001-01-012002-09-30Ventura, California; Basildon, England; Erlanger, Kentucky; Roosendaal, HollandDistribution FacilitiesUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Remaining cash expenditures of $3.5 million for employee separations and $5.7 million for facilities expected to be paid by Q3 FY2002. Ventura and Basildon closures completed; Erlanger and Roosendaal remain in operation.
2002-02-02reduction_in_forcein_progress2,0002001-062002-11United States; United Kingdom; NetherlandsCorporate headquarters; distribution centers; Banana Republic fieldUSD 30 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
June 2001 announcement to streamline headquarters staffing; approximately 2,000 positions eliminated, comprising 1,370 layoffs of headquarters, distribution center and Banana Republic field employees plus elimination of 630 open positions. Severance and outplacement provision of $29,945 thousand per Note J roll-forward; Note J also cites approximately $11 million of other costs related to these actions. About 1,070 positions had been separated or were in separation process at fiscal year-end; remaining cash expenditures of ~$5.4 million expected to be paid by the third quarter of fiscal 2002.
2002-02-02plant_closurein_progress2001-062002-05Ventura, California (US); Basildon, England (UK)Distribution centersrestructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Part of the June 2001 workforce-reduction program. Closures expected completed by the first quarter of fiscal 2002; both facilities remained in operation at fiscal year-end. Part of $7.0 million aggregate facilities-related charges (lease terminations, restoration, equipment removal) recorded in fiscal 2001 for all four planned distribution center closures; amount not allocated by facility. Remaining DC facilities cash of ~$7.0 million expected to be paid by November 2003. Any related layoffs are already counted in the ~2,000-position RIF record.
2002-02-02plant_closurein_progress2001-062002-11Erlanger, Kentucky (US); Roosendaal, NetherlandsDistribution centersUSD 1 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Part of the June 2001 workforce-reduction program. Closures expected completed by the third quarter of fiscal 2002; both facilities remained in operation at fiscal year-end. $0.8 million asset write-down is the impairment of the Roosendaal facility to estimated net selling price; $7.0 million aggregate facilities-related charges for the four planned DC closures were not allocated by facility. Any related layoffs are already counted in the ~2,000-position RIF record.
2002-02-02restructuringin_progressSan Francisco and San Bruno, California (US)Corporate headquarters facilitiesUSD 51 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Consolidation and downsizing of headquarters campuses as part of cost-containment efforts; no headcount is attributed specifically to this action. Approximately $48 million of the charge is a reserve for the gap between rent and expected sublease rates through 2015; Note J records a fiscal 2001 provision of $50.7 million ($47.3 million sublease reserve plus $3.4 million asset write-downs). Item 2 notes approximately 565,000 square feet of excess office space being marketed for sublease.
2002-02-02restructuringin_progress2,0002001-062002-08-31United States, United Kingdom, NetherlandsHeadquarters, distribution centers, Banana Republic fieldUSD 49 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 2,000 positions eliminated: 1,370 layoffs of HQ, distribution center, and Banana Republic field employees plus 630 open positions. Charge comprises ~$38M exit costs and ~$11M other costs. Distribution centers closing: Ventura CA, Basildon England, Erlanger KY, Roosendaal Netherlands. Severance payments expected by Q3 FY2002; as of year-end ~1,070 separations completed or in process.
2002-02-02plant_closurein_progress2001-062002-08-31United States, United Kingdom, NetherlandsDistributionrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Four distribution facilities planned for closure: Ventura CA and Basildon England by Q1 FY2002; Erlanger KY and Roosendaal Netherlands by Q3 FY2002. Employee counts not separately disclosed from the overall restructuring program. Charges included in the consolidated restructuring action above.
2002-02-02restructuringin_progressUnited StatesCorporate headquartersUSD 51 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidation and downsizing of San Francisco and San Bruno headquarters campuses. Charge includes ~$48M sublease reserve covering rent differential through 2015 plus ~$3M asset write-downs. Employee headcount impact not separately disclosed. Filer attempting to sublease ~565,000 sq ft of excess office space.
2002-02-02restructuringin_progress2,0002001-062002-09GlobalHeadquarters, Distribution Centers, FieldUSD 49 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Announced June 2001. Includes 1,370 layoffs and elimination of 630 open positions. Total charges of $38 million for exit/other costs plus $11 million in other costs. Distribution center closures in Ventura, Basildon, Erlanger, and Roosendaal.
2002-02-02restructuringin_progress20012015San Francisco, San BrunoHeadquartersUSD 51 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Consolidation and downsizing of headquarters facilities. $51 million charge recorded, primarily for sublease reserves through 2015. No specific employee count disclosed for this action.
2002-02-02restructuringin_progress2,0002001-06-012002-08-31United States, England, HollandHeadquarters, distribution centers, Banana Republic fieldUSD 49 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced June 2001; eliminated approx. 2,000 positions (1,370 layoffs plus 630 unfilled positions). Charge of ~$38M exit costs and ~$11M other costs. Four facilities (Ventura CA, Basildon England, Erlanger KY, Roosendaal Holland) remained in operation at fiscal year-end; closures expected to complete by Q3 fiscal 2002. Announcement month stated without specific day.
2002-02-02plant_closurein_progress2001-06-012002-08-31United States, United Kingdom, NetherlandsDistribution centersUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Facilities-related charges of $7.0M for lease terminations, restoration and equipment removal across four distribution center closures; remaining cash expenditures estimated at ~$7.0M payable by November 2003. Headcount not separately disclosed from the consolidated 2,000-position program.
2002-02-02restructuringin_progress2001-06-012015-12-31United StatesCorporate headquarters (San Francisco and San Bruno campuses)USD 51 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidation and downsizing of headquarters facilities; $51M charge of which $48M was a sublease reserve covering rent differential through 2015. No employee count disclosed for this component.
2001-11-03restructuringin_progress1,6002001-06-21United StatesHeadquarters and Banana Republic fieldUSD 30 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Eliminated ~1,600 positions: ~970 layoffs of headquarters and Banana Republic field employees plus ~630 open positions. The $30M charge covers all workforce actions described in Note 6. Of the $27M termination pay liability recorded in Q2, ~$1M remained outstanding at 2001-11-03.
2001-11-03plant_closurein_progress4252001-06-212002-05-01United States (Ventura, CA) and United Kingdom (London)Distributionrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Distribution facilities in Ventura, CA and London to be closed; operations consolidated at new facilities in Fresno, CA and Rugby, England. Completion expected by Q1 fiscal 2002. ~425 affected employees may apply for positions at new locations. Facilities remained in operation as of 2001-11-03.
2001-11-03otherannounced1252001-06-212002-05-01United KingdomLondon headquartersrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
London headquarters to be relocated to new Rugby facility by Q1 fiscal 2002. ~125 employees may transfer to Rugby or apply for other positions there.
2001-11-03restructuringin_progress1,6002001-06-212002-02-02GlobalHeadquarters and Banana Republic fieldUSD 30 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Elimination of approx. 1,600 positions (970 layoffs, 630 open positions). Includes consolidation of distribution facilities in Ventura, CA and London to Fresno, CA and Rugby, England. HQ relocation from London to Rugby. Completion targeted for first quarter of fiscal 2002.
2001-08-04restructuringin_progress1,6002001-06-21United States (headquarters) and Banana Republic fieldHeadquarters and Banana Republic fieldUSD 30 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,600 positions eliminated: ~1,040 layoffs of headquarters and Banana Republic field employees plus ~560 open positions eliminated. Of the ~$30M total charge covering all actions, ~$27M was recorded as a liability for employee termination pay, substantially payable in Q3 fiscal 2001.
2001-08-04plant_closurein_progress4252001-06-212002-05-31Ventura, California and London, EnglandDistribution facilitiesrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Distribution facilities in Ventura, CA and London to be closed; operations consolidated at new facilities in Fresno, CA and Rugby, England. ~425 affected employees have opportunity to apply for positions at new locations. Expected completion by Q1 fiscal 2002 (date approximate). Included in the ~$30M total restructuring charge.
2001-08-04restructuringin_progress1252001-06-212002-05-31London, EnglandCorporate headquartersrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
London headquarters to be relocated to new Rugby facility. ~125 affected employees have opportunity to transfer to Rugby or apply for other positions there. Expected completion by Q1 fiscal 2002 (date approximate). Included in the ~$30M total restructuring charge.
2001-08-04restructuringin_progress1,6002001-06-212002-02-02United States, United KingdomHeadquarters, Banana Republic Field, DistributionUSD 30 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Elimination of approx. 1,600 positions (1,040 layoffs, 560 open positions). Includes consolidation of distribution facilities in Ventura, CA and London to Fresno, CA and Rugby, England. Approx. 425 employees at distribution sites and 125 at London HQ have opportunity to apply/transfer. Charge of approx. $30M recorded in Q2 FY2001, including $27M liability for termination pay.
2001-02-03plant_closurecompletedother
f5-10k / GLM-5.3-flash-HTML
73 store closures occurred during fiscal 2000 (alongside 731 openings and 268 expansions); closures not broken out by brand or geography and no workforce impact, severance, or associated charge quantified.
2000-10-28plant_closurecompletedConsolidated (all divisions)Retail storesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
40 stores closed during the thirty-nine weeks ended October 28, 2000; no associated workforce reduction, severance charge, or affected-employee count is disclosed.
1999-01-30restructuringin_progress1998Gap and GapKids field organizations (Gap brand)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Integration of the Gap and GapKids field organizations into a single brand organization, begun in early 1998 and continuing on a phased approach as of the filing. Filing cites efficiencies in staffing and training and identifies risks of employee concerns over changes in job scope or supervisor assignments. No headcount impact or charge is quantified.
1999-01-30plant_closurecompletedRetail stores — all brands (Gap, Banana Republic, Old Navy)other
f5-10k / GLM-5.3-flash-HTML
Filing states 20 stores were closed during fiscal 1998 (52 weeks ended 1999-01-30), alongside 318 openings, 135 expansions, and 2,428 stores operating at year-end. No workforce reduction, severance, or associated charge is quantified in connection with the closures.
1999-01-30plant_closurecompleted1999-01-30United States and internationalRetail storesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
20 stores closed during fiscal 1998; no associated workforce reduction count or charge disclosed. MD&A notes leasehold/fixture write-offs for closures planned for the next fiscal year.
1998-01-31plant_closurecompletedRetail stores — all brandsother
f5-10k / GLM-5.3-flash-HTML
The Company opened 298 stores and closed 22 during fiscal 1997; no workforce reduction figures were disclosed in connection with the closures. The closure count also appears in the Ten-Year Selected Financial Data statistics.
1998-01-31plant_closureannouncedRetail storesMD&A
f5-10k / GLM-5.3-flash-HTML
Write-offs of leasehold improvements and fixtures for stores planned for remodeling, relocation or closing in the following fiscal year; the charge was quantified only as 0.4 percentage points of net sales within operating expenses. Store count and headcount impact not disclosed.
1998-01-31restructuringin_progressGap and GapKids divisions — field organizationsItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Integration of the Gap and GapKids field organizations to be carried out over approximately 18 months; no headcount changes quantified. Disclosed risks include possible employee dissatisfaction with changes in job scope or supervisor assignments and a potential decline in sales productivity while associates learn new product information.
1997-02-01plant_closurecompletedRetail stores (all brands)MD&A
f5-10k / GLM-5.3-flash-HTML
30 stores closed during fiscal 1996 (203 opened, 42 expanded); no associated workforce reduction or charge quantified in the filing.
1996-02-03plant_closurecompletedWorldwideStore operations (Gap, GapKids, Banana Republic, Old Navy Clothing Co.)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
53 stores closed during fiscal 1995; no associated employee count or charge disclosed