Interested in Purchasing a Gap Property for Investment?
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The Gap Inc: Largest Specialty Retailer of the United States
The Gap Inc., commonly known as Gap was founded by Donald Fisher and Doris F. Fisher in 1969. Headquartered in San Francisco, California, it operates five primary divisions: the Banana Republic, Old Navy, namesake banner, Intermix, and Athleta. It is the largest specialty retailer in the United States, and is 3rd in total international locations.The Gap Inc: Largest Specialty Retailer of the United States
The Fisher family remains deeply involved in the company since its incorporation and thus they collectively own much of its stock. Donald Fisher served as Chairman of the Board until 2004 and remained on the board until his death on September 27, 2009. Mr.Fisher also played a role in the ouster of then-CEO Millard Drexler in 2002. Donald’s Robert Fisher succeeded his father as chairman in 2004. He has also served as CEO on an interim basis following the resignation of Paul Pressler in 2007. Glenn K. Murphy took over after that and served the office until 2014.Art Peck , the current CEO took over the office on February 1, 2015.
Current Market Value
As per September 2008 reports, the Gap Inc., operates 3,727 stores worldwide, of which 2,406 are located in the U.S. and approximately employs 135,000 people to work across its worldwide stores. It is operating as GPS on the New York Stock Exchange. The company saw a growth in its revenue from US$ 15.651 to US$ 16.148 billion from the year 2013 to 2014. It has ranked #177 in 2016 by rising up eleven positions from the previous year in the list of Fortune Global 500 by the Fortune Magazine.
By the virtue of its balance sheet, it was revealed that in the most recent quarter, the company had a total cash of US$ 1.52 billion and total cash per share was US$ 3.82. By the analysis of the profitability of the company, its profit margin is at 4.33 percent and its operating margin through the twelve months has been 8.93 percent. As a proof of its management effectiveness, in the trailing twelve months the company got a return of 10.93 percent and 25.12 percent of assets and equity respectively. The company’s revenue is US$ 15.47 billion, revenue per share is US$ 38.85 and a gross profit of 5.72 billion in the trailing twelve months.
In the list of Global 2000, by the Forbes Magazine Gap is ranked at #876. In the same list, it is ranked #556, #676, #1148 in sales, profit and market value respectively. It stood at #248 in the list Canada’s Best Employers and #428(2015) in America’s Best Employers.
On August 21, 1969, Donald and Doris Fisher raised US$63,000, to open the first Gap store on Ocean Avenue in San Fransisco . Its merchandise consisted of Levi’s and LP records and reached US$2 million in sales in the second full year of operation. The corporate headquarters for the firm was established 1971, in Burlingame, California with four employees.
By October 2011, the company announced its plans to close 189 stores across the US and expand its presence in China by the end of 2013. During the fall of 2013, it announced the opening of its first store in Brazil. Piperlime the first and only subsidiary of Gaps based in SoHo, NYC was closed in April 2015.
Analysts define Gap as a solid business with a solid brand. It is ahead of its archrivals in terms of cash flow and bringing back to its customers. It has a strong financial bedrock to build on and so it is one of the top ranked long-term winners. If long-term investment is what you are looking for, then Gap is the right platform.
Gap Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming