Gap Inc. and Gap Foundation Give $1 Million to Hurricane Harvey Relief Efforts
September 03 2017 - 11:49AM
Business Wire
In response to the devastation caused by Hurricane Harvey,
together, Gap Inc. (NYSE:GPS) and Gap Foundation have committed $1
million to address immediate needs and ongoing recovery efforts.
The donation includes a cash grant from Gap Foundation, donations
from Gap Inc. brands towards critical clothing needs identified by
on-the-ground relief organizations, and employee-matched
donations.
The company is committed to helping communities rebuild both in
the near-term and providing support that addresses longer term
recovery efforts. A first shipment of donated product – including
essential items such as socks, underwear and tee-shirts for adults
and children -- was sent from the company’s distribution center in
Gallatin, Tennessee on Friday, September 1. So far, Gap Inc.
employees have raised $50,000 in employee-matched funds for relief
efforts.
Over 2,600 Gap Inc. employees in the Houston area work in Old
Navy, Gap, Banana Republic, Athleta and Intermix stores impacted by
the storm, and the company is working with affected employees to
provide direct support. Several stores in the Houston area remain
closed due to conditions in the surrounding area.
As relief efforts continue, Gap Inc. is prepared to engage in
the long-term recovery efforts, including identifying further
in-kind donations and other forms of support.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing,
accessories, and personal care products for men, women, and
children under the Gap, Banana Republic, Old Navy, Athleta,
Intermix, and Weddington Way brands. Fiscal year 2016 net sales
were $15.5 billion. Gap Inc. products are available for purchase in
more than 90 countries worldwide through about 3,200
company-operated stores, about 450 franchise stores, and e-commerce
sites. For more information, please visit www.gapinc.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170903005052/en/
Gap Inc.Debbie Felixpress@gap.com
Gap (NYSE:GPS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gap (NYSE:GPS)
Historical Stock Chart
From Apr 2023 to Apr 2024