Old Navy, the mass-market apparel brand under Gap Inc., keeps expanding retail presence while balancing cultural cachet with price-conscious fashion.
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.
Primark is expanding in the United States, opening stores in Willowbrook Mall (Houston area) and Castleton Square Mall (Indianapolis). Both locations will be about 30,000 square feet in size, joining a growing U.S. footprint that now reaches 44 stores. The openings follow a New York City flagship and reflect Primark’s strategy to prioritize brick-and-mortar growth in established malls.
The Vice President’s family has welcomed Alec Neel Vance, the couple’s fourth child, born at Walter Reed National Military Medical Center. Usha and the baby are reported healthy, joining siblings Ewan, Vivek and Mirabel. The birth underscores the administration’s emphasis on family growth amid demographic concerns.
Tokyo is debating allowing shorts in offices as part of the Cool Biz drive to beat heat and cut energy use; opinions are divided, with concerns about gender fairness and leg hair etiquette. A June Gorilla Clinic survey shows both support and opposition among workers, amid rising summer heat and energy costs.