Can Glenn Murphy save The Gap?


When Gap (NYSE: GPS) first announced that it was bringing in Glenn Murphy as CEO, I thought it sounded like a good idea. He has strong experience in branding and retail, and his lack of fashion know-how can be compensated for with top designers. He can provide a broad strategic vision for remaking Gap Stores into a destination -- a brand that stands for something, the way that Abercrombie (NYSE: ANF) does. Think of it this way: There are certain people who are referred to as "Abercrombie boys" -- tall, attractive, tan, metrosexuals. But a "Gap boy?" What would that even mean? This is where Murphy can come in. Fashion isn't just about clothing. It's about branding.

He recently told the Wall Street Journal that he "believes in these brands", referring to Gap, Old Navy, and Banana Republic, the three stores the company owns.

I think the first step for Gap to return to glory is a complete makeover of the stores -- they're boring. In the ones that I've been in, the lighting is bland, and there's not enough color. It doesn't really look that different from a Wal-Mart (NYSE: WMT), a strong brand but not one to emulate in terms of creating a shopping experience.

Symbol Lookup
IndexesChangePrice
DJIA-135.2812,755.18
NASDAQ-27.982,899.25
S&P 500-13.541,338.41

Last updated: February 10, 2012: 03:28 PM

Hot Stocks

General Electric

18.82-0.31(-1.62)

Alcoa

10.235-0.405(-3.81)

Apple Inc

492.42-0.75(-0.15)

Google Inc 'A'

605.59-5.87(-0.96)

Bank of America

8.03-0.15(-1.83)

Wal-Mart Stores

61.625-0.335(-0.54)

Exxon Mobil Corp

83.41-1.47(-1.73)

Ford

12.42-0.27(-2.13)

Citigroup

32.75-0.91(-2.70)

IBM

191.58-1.55(-0.80)

Yahoo

16.15+0.15(+0.94)

Starbucks

48.58-0.62(-1.26)

Microsoft

30.41-0.36(-1.17)

Home Depot

45.165-0.105(-0.23)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1328905684590 ms.