Tuesday, September 3, 2013

Gap's Marketing Focus Fuels Major Rebound

http://adage.com/article/special-report-marketer-alist-2013/gap-s-global-marketing-focus-fuels-major-retail-rebound/243763/
Gap Inc. spent several years as a punching bag for Wall Street, thanks to slipping sales, marketing missteps and an indistinct positioning among some of its core brands. But the company is swinging back.
Its stock hit a 52-week high last month. Net sales for the second quarter rose 8%, while sales for July were up 5%. Global expansion and the rapid creation of strong global marketing teams is fueling growth. Gap Inc. rounded out its trio of global chief marketing officer positions this year, with appointments at Old Navy and Banana Republic. Marketing across its brands is benefiting from increased investment and fresh ideas.