Gap, Inc. (GPS) said it will announce later in the day detailed plans to strategically gain market share in North America and around the world through its portfolio of six brands, including the newly-acquired Intermix, while investing further in its leading digital and online capabilities.
The company's executives will present plans to build upon 2012 success at the Investor Meeting.
As part of the plans, the company is expected to start to franchise Old Navy in 2014 in key international markets, and consider building upon its success with Gap in China by exploring adding company-operated Old Navy and Banana Republic stores to this important market.
Chairman and CEO Glenn Murphy and other executives will also be discussing the opportunities to continue the growth of its emerging brands - Athleta, Piperlime and Intermix - in North America.
The company noted that it underscores its commitment to delivering against long-term financial strategies and goals.
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