American multinational retailer of casual apparel and accessories
Doris Fisher, co-founder of Gap, has died at 94. The company has grown from a San Francisco jeans-and-record shop to a global retailer with brands including Gap, Banana Republic and Old Navy, generating about $15 billion in annual sales. Fisher shaped Gap’s culture with simple design, fair pay and philanthropy.
Fresh data show China’s May retail sales stalled while investment contracts widen, signaling a slowdown in domestic demand. Yet exports are proving resilient thanks to AI-related demand and renewables, and industrial output edges higher, painting a nuanced picture of a faltering domestic economy still buoyed by external demand.
CMOs at Cannes Lions are embracing authenticity and creator-led collaboration to cut through fragmentation. Duolingo, Gap, American Express, and Mars are spotlighting platform-first content, in-house creative teams, and consumer participation over traditional ads. Reddit launches new ad formats to leverage community wisdom as part of a broader shift toward human guidance in a data-rich era.