Profile: The Gap, Inc. (GPS)

The Gap, Inc., incorporated in July 1969, is a global specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Old Navy, Banana Republic, Piperlime and Athleta brands. The Company operates stores in the United States, Canada, the United Kingdom, France, Ireland and Japan. It also has franchise agreements with unaffiliated franchisees to operate Gap and Banana Republic stores in many other countries worldwide. Under these agreements, third parties operate or will operate stores that sell apparel, purchased from the Company, under its brand names. In addition, its United States customers may shop online at www.gap.com, www.oldnavy.com, www.bananarepublic.com, www.piperlime.com and www.athleta.com. On September 28, 2008, the Company acquired Athleta, Inc. (Athleta), a women’s sports and active apparel company.

Gap stores offer a selection of casual apparel. Products range from wardrobe basics, such as denim, khakis and T-shirts to fashion apparel, accessories and personal care products for men and women. These stores offer casual apparel and accessories for children, ages newborn through pre-teen. The Company also offers maternity apparel. GapBody stores offer women’s underwear, sleepwear, loungewear, and sports and active apparel. The Gap, Inc. also operates Gap Outlet stores, which carry similar categories of products.

Old Navy offers a selection of apparel, shoes and accessories for adults, children and infants, as well as other items, including personal care products. Old Navy also offers a line of maternity wear. Banana Republic offers collections of casual and tailored apparel, shoes, accessories, and personal care products for men and women. The Gap, Inc. also operates Banana Republic Factory Stores, which carry similar categories of products. As of January 31, 2009, the Company operated a total of 3,149 store locations.

The Company also has two online only brands, Piperlime, located at www.piperlime.com, and its online and catalog store, Athleta, located at www.athleta.com. Piperlime offers customers an assortment of brands in footwear and handbags for women, men and kids, as well as tips, trends and advice from style authorities.

Athleta offers customers women’s sports and active apparel and footwear for a variety of activities, including golf, running, skiing/snowboarding, tennis and yoga. Customers can purchase Athleta product, as well as an assortment of products from brands in women’s active wear, online or through the catalog.