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The Gap, Inc. (NYSE: GPS) is an American clothing
and accessories retailer based in San Francisco, California, and founded in
1969 by Donald G. Fisher and Doris F. Fisher. The company has five primary
brands: the namesake Gap banner, Banana Republic, Old Navy, Piperlime and
Athleta. As of September 2008, Gap, Inc. has approximately 135,000 employees
and operates 3,076 stores worldwide, of which 2,551 are in the United
States. Gap, Inc. remains the largest specialty apparel retailer in the
U.S., though it has recently been surpassed by the Spanish-based Inditex Group
as the world's largest apparel retailer.Despite the company's publicly traded status, the
Fisher family remains deeply involved in Gap, Inc.'s business and collectively
owns a significant quantity of the company's stock.Donald Fisher served as
Chairman of the Board until 2004, playing a role in the ouster of then-CEO
Millard Drexler in 2002, and remained on the board until his death on September
27, 2009. Fisher's wife and their son, Robert J. Fisher, also serve on Gap's board
of directors. Robert succeeded his father as chairman in 2004 and also served
as CEO on an interim basis following the resignation of Paul Pressler in 2007,
before being succeeded permanently by Glenn K. Murphy.
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