Gap Inc. is in the news as Palantir expands its brand with a new workwear line—wait, what? Gap is a Bay Area icon, founded 1969 by Donald and Doris Fisher, headquartered in SF, still a major US retailer. Short, sharp.
True Religion's CEO Michael Buckley has revitalized the brand by embracing its Y2K heritage and broadening its customer base. Meanwhile, US retail sales are forecasted to grow 4.4% in 2026, despite geopolitical tensions impacting consumer confidence and supply chains. The Gulf region faces a subdued Eid season due to ongoing conflicts.
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.