Press Release

05/05/2009

GAP INC. NAMES JULIE ROSEN HEAD OF BANANA REPUBLIC MERCHANDISING


SAN FRANCISCO – May 5, 2009– Gap Inc. (NYSE: GPS) today announced that Julie Rosen is returning to the company as senior vice president of merchandising for Banana Republic, reporting to Jack Calhoun.  A 15-year veteran of the company, Rosen will lead all product merchandising for Banana Republic, including men’s, women’s and accessories, as well as manage licensing relationships with third-party vendors.

“Julie is a tremendously talented merchant and leader who keenly understands our brand and customer,” said Banana Republic President Jack Calhoun. “We’re thrilled to have her back, especially during these challenging economic times for consumers where product differentiation and distinct assortments are so vital to a brand’s success.”

Rosen held a similar role at Banana Republic during much of the 1990’s, and was part of the team that successfully repositioned the brand as an ‘affordable luxury’ shopping destination.  Between 1991 and 2006, she held merchandising roles of increasing responsibility at Gap Inc., including her role as head of merchandising for Gap brand.  After leaving Gap in 2006, Rosen served as a strategic consultant to several apparel retail brands including Theory, Nike and luxury brand Chrome Hearts.

“I grew up here, and I’m delighted to be back,” said Rosen. “Banana Republic is a strong brand with an incredible legacy, and I’m looking forward to helping the team take the brand forward.”

She starts on May 26th.

About Gap Inc.
Gap Inc. is a leading global specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy, Piperlime and Athleta brand names. Fiscal 2008 sales were $14.5 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Japan and Ireland. In addition, Gap Inc. is expanding its international presence with franchise agreements in Asia, Europe, Latin America and the Middle East. For more information, please visit gapinc.com.

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