Inc is a global specialty reailer which operaes stores selling casual apparel, persoal care, and otheraccesories for men, women and children. Founded in 1969, Gap stores offer extensive selections of classically-styled casual apperal at a moderate price. GapKids opened in 1986 and babyGap opened in 1989. These stores offer casual basics, outerwear, shoes and other accessories. Acquired in 1983, Banana Republic offers sophisticated, fashionable collections of dress-casualand tailored lothing and accessories for men and women at higher prices.
Products range from clothing to personal care products and home products.
The Company launched Old Navy in 1994 to address the market for value-priced family apparel. Old Navy offers a broad selection of apparel, shoes and accessories for adults, children, and infants, as well as other items including prsonal care products and gifts. The Company's assets utilization increased from 1.88 to 2.24 with it's peak in 1999 at 2.24. The leverage has also increased from 1.43 to 2.32, but it had it's peak in 1999 at 2.52. The Return on Equity is calculated using the Extended Du Pont Model by multiplying the After-tax Profit Margin, the Total Asset Turnover, and the Equity Multiplier together.