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Friday, 27 May 2016 18:35

Gap’s future lies with Bankruptcy Court

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Gap is going to file for bankruptcy.

That might sound like a bold, even reckless prediction. But given Gap’s downward spiral, the San Francisco apparel giant will not survive without a radical restructuring only made possible by U.S. Bankruptcy Court.

 

Put simply: The company’s business model is irreparably broken.

Gap still enjoys considerable financial resources, so it can delay the inevitable, perhaps for a few years. But it has crossed an unfortunate threshold that even if the retailer manages to revitalize its product line — a big if — the challenges that Gap faces both internally and industry-wide make a comeback highly unlikely.

 

“Gap Inc. is committed to maintaining a fiscally disciplined approach in the pursuit of transforming our business,” Gap spokeswoman Jennifer Poppers said. “We have a strong balance sheet, healthy free cash flow, and we make prudent financial policy decisions.”

Read 1050 times Last modified on Monday, 12 September 2016 15:55

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Ajey Chaudhary

Ajey Chaudhary has diverse experience in Global Talent Acquisition, specializing in attracting talent for fortune 500 companies. He is currently heading the Recruitment function for Prometheus Consulting. He takes keen interest in Photography, biking and reading in his spare time.

 

Website: https://in.linkedin.com/in/ajeychaudhary

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