NYSE:

GPS

Address:
2 Folsom Street
San Francisco, CA 94105
United States

Employees:
150,000

The Gap Inc. was founded in 1969 and is headquartered in San Francisco, California. The Gap Inc., is a
worldwide apparel retail company. Offering apparel, accessories and personal care products for men,
women, children and babies. The Gap Inc. operates through company-operated stores, franchise stores,
websites, e-commerce, social sites and catalogs. With over 3,300 company operated stores and 400 franchise
stores, Gap Inc. is a leading retailer not only in the United States, but in Asia, Australia, Europe, Latin America,
the Middle East and Africa.

Brands

Executive Board

Chief Executive Officer

Art Peck
EVP and Chief Financial
Officer
Sabrina Simmons
Global President, Banana
Republic
Andi Owen
Global President, Gap
Jeff Kirwan
EVP Global Product
Operations
John T. Keiser

Business Strategies
Compelling Product Collections: Gap Inc. will
focus on consistently delivering on-trend product
collections for all brands.
Industry-Leading Customer Experiences: Gap
Inc. will emphasize its continued commitment to
delivering exciting and seamless shopping experiences across all channels.
Investment in Digital Capabilities: Gap Inc.
will invest to improve online digital capabilities to
bridge the digital world and physical stores.
Continued Global Expansion: Gap Inc. will emphasize its ongoing pursuit of global growth opportunities.
Strong Economic Model: Gap Inc. will underscore its continued commitment to delivering
against its long-term financial objectives.
Focus on Talent: Gap Inc. will focus on attracting,
retaining and inspiring the best talent in the industry.

EVP of Global Supply

Chain and Product
Operations, Gap Inc.
Sonia Syngal
Global President,
Old Navy
Stefan Larsson
EVP Digital & Customer
Experience, Gap Inc
Solomon Goldfarb
EVP, Global General
Counsel,
Corporate Secretary &
Chief Compliance
Officer, Gap Inc.
Michelle Banks

Growth

The Gap Inc., continues to grow around the world.

This past year Gap Inc. continued to make progress
with its long-term global growth strategy. The Gap Inc.
added almost 40 new stores in greater China, including
seven Old Navy stores and Gaps 100th store in this
region. In the U.S., Athleta grew its footprint to over
100 stores, with plans to open 20 new Athleta stores
this coming year. Gap Inc. plans to pursue growth
through all of our brands and continue with Old Navys
ongoing expansion. As for product growth, Gap Inc.s
focus is to consistently put on-trend, on-brand and
quality products in stores for every brand. Old Navys
success is proof that we know how to get product right.
The brand delivered positive comparable sales results
during each quarter in 2014, including an 11 percent
increase during the fourth quarter. This performance is
the direct result of the Gap Inc. team coming together
with a clear focus and mission, to get better and more
consistent product with each season.

Financial Highlights
2014 Full Year

Net Sales
16,435
Total Assets
7,690
Gross Profit Margin
38.3 %
Operating Profit
2,129
Operating Margin
12.7 %
Net Income
1,262
Operating Cash Flow
2,129
Diluted Earnings per share
2.87
Dividends paid per share
0.88
*Dollars in million, except per share amounts
Total Return to Stockholders

Future Outlook
Gap Inc. will focus on improving business performance,
profitable growth and driving productivity improvements.
Gap Inc. plans to expand internationally, including opening
new Gap and Old Navy stores in Asia.
Gap Inc. will focus on adding new international outlet
stores along with an increased focus on online sales and
franchise expansion.
Gap Inc. will focus on growth initiatives that include Athleta,
online, international and outlet growth.
Gap Inc. plans to focus on product improvements for the
Gap brand.
Gap Inc. plans to return excess cash to shareholders.
Gap Inc. will invest in digital capabilities and enhance online shopping capabilities.
Gap Inc. plans for current cash balances and cash flows
to be sufficient to support business operations, including
growth initiatives and planned capital expenditures.
Gap Inc.s key priorities for the upcoming year are global
growth, product improvements and customer experience.

2014 Net Sales by Brand (in millions)

Contact Information

Director of
Investor Relations:
Alison Milligan
Telephone: (509) 481-5906
Email: milligan@gapinc.com