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Old 07-01-2009, 12:22 AM
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Uniqlo might buy Gap

Uniqlo Owner to Buy the Gap? -- The Cut: New York Magazine's Fashion Blog
I actually don't want them to do this. I like Gap and Banana Republic the way it is. Not really into Uniqlo. However, the strategy actually seems good. Its been said that Gap isn't doing well over the years. What do you guys think?
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Old 07-01-2009, 01:01 AM
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that'd be awesome if they turned gap into uniqlo. ON/BR/Gap are festering piles of dogshit, and i want a uniqlo in chicago.
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Old 07-01-2009, 02:06 AM
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that'd be awesome if they turned gap into uniqlo. ON/BR/Gap are festering piles of dogshit, and i want a uniqlo in chicago.
+1

Ideally this means I won't have to go all the way to soho for uniqlo, but if they just give the gap some better management and put out some products that don't suck I'll be happy
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Old 07-01-2009, 05:21 AM
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Just another sign of our diminishing economy.
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Old 07-01-2009, 07:43 AM
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Just another sign of our diminishing economy.
a company that has been going under for at least 5 years rumored to be going under?

k
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Old 07-01-2009, 08:15 AM
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Gap is a clusterfuck to do anything with. There has been half a dozen attempts by private equity firms to take the company private and restructure it, but their ownership and board is so concentrated that this is near impossible unless the family get's the price they want.

Even assuming they pay a 30% premium the price would only be a little over $20 a share. And the family (in their stupidity) will point to the fact that just 2 years ago they traded for much more than that.

It would be nice, to see a company that would actually hire a real management team, which would hire a real designer to leverage GP/ON/BR's footprint in the US, but if ownership rejected the 50% range premiums offered late last year early this year, I don't think they can actually be bought out.
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Old 07-01-2009, 08:21 AM
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ooo i like this idea!

ETA : buddha I completely agree
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Old 07-01-2009, 09:29 AM
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Heh. I live 15 minutes away from Uniqlo. Funny thing is, I submitted a job application to BR and Uniqlo yesterday! They're all the same to me. I don't really like thier clothes too much. I usually go to buy v neck tee shirts.
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Old 07-01-2009, 10:25 AM
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I don't know anything about Uniqlo but this might good news. I personally have stopped shopping at GAP/BR a long time ago. It's always the same thing over and over at the GAP for so many years. As far as BR, I could get better quality work clothes for the same price at so many other places now.
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Old 07-01-2009, 02:05 PM
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Not surprising. Gap has been floundering for years.

I used to shop there a lot in HS, but don't think I've been there since maybe Christmas to see if they had any cheap plain shirts.
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Old 07-01-2009, 02:27 PM
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I just hope that if Uniqlo does buy Gap, they'll get rid of the damn vanity sizing bullshit.



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Old 07-01-2009, 08:22 PM
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Hopefully, GAP will take Old Navy with it on it's way to mundane-shitty quality hell.
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Old 07-01-2009, 08:24 PM
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Hopefully, GAP will take Old Navy with it on it's way to mundane-shitty quality hell.
Aren't they the same company?
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Old 07-01-2009, 08:33 PM
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they are. just leave my banana republic alone and i'll be fine. gotta use my employee discount somehow. and gap's quality isn't terribly bad. old navy...yes. but i've had worse, like hollister and AnF. holes after a few washes -.-
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Old 07-01-2009, 08:38 PM
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I always thought Uniqlo was a better version of Gap anyways.
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