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Gap Inc. Chairman and CEO Glenn Murphy to Provide Business Update at Investor Conference
SAN FRANCISCO – June 13, 2012 – Gap Inc. (NYSE: GPS), a leading global specialty retailer, today announced that Chairman and Chief Executive Officer Glenn Murphy will present to investors at the Jefferies 2012 Global Consumer Conference in Nantucket, MA. The presentation will begin at 11:30 a.m. Eastern Time on June 19, 2012.
A live audio webcast of the presentation will be accessible through www.gapinc.com (follow the Investors, Financial News and Events, Webcasts links). A replay of the presentation will also be available through www.gapinc.com.
The presentation will contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements may include statements regarding:
- long-term value creation;
- building momentum in 2012 and beyond;
- continued international growth;
- reducing North America square footage;
- improving sales;
- future sourcing costs;
- delivering healthy merchandise margins;
- stabilization of base businesses;
- global growth initiatives, focused on online, outlet and franchise;
- investments in domestic business;
- returning cash to shareholders;
- growth strategy through multiple brands, channels and geographies;
- future revenue mix; and
- customer-focused investments.
Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause the company’s actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following:
- the risk that changes in general economic conditions or consumer spending patterns could adversely impact the company’s results of operations;
- the highly competitive nature of the company’s business in the United States and internationally;
- the risk that the company or its franchisees will be unsuccessful in gauging apparel trends and changing consumer preferences;
- the risk to the company’s business associated with global sourcing and manufacturing, including sourcing costs, events causing disruptions in product shipment, or an inability to secure sufficient manufacturing capacity;
- the risk that the company’s efforts to expand internationally may not be successful;
- the risk that the company’s franchisees will be unable to successfully open, operate, and grow their franchised stores in a manner consistent with the company’s requirements regarding its brand identities and customer experience standards;
- the risk that the company or its franchisees will be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying or terminating leases for existing store locations effectively;
- the risk that comparable sales and margins will experience fluctuations;
- the risk that changes in the company’s credit profile or deterioration in market conditions may limit its access to the capital markets and adversely impact its financial results and its ability to service its debt while maintaining other initiatives;
- the risk that trade matters could increase the cost or reduce the supply of apparel available to the company and adversely affect its business, financial condition, and results of operations;
- the risk that updates or changes to the company’s information technology (“IT”) systems may disrupt its operations;
- the risk that actual or anticipated cyber attacks, and other cybersecurity risks, may cause the company to incur increasing costs;
- the risk that natural disasters, public health crises, political crises, or other catastrophic events could adversely affect the company’s operations and financial results;
- the risk that acts or omissions by the company’s third-party vendors, including a failure to comply with the company’s code of vendor conduct, could have a negative impact on its reputation or operations;
- the risk that the company does not repurchase some or all of the shares it anticipates purchasing pursuant to its repurchase program;
- the risk that the company will not be successful in defending various proceedings, lawsuits, disputes, claims, and audits; and
- the risk that changes in the regulatory or administrative landscape could adversely affect the company’s financial condition, strategies, and results of operations.
Additional information regarding factors that could cause results to differ can be found in the company’s Annual Report on Form 10-K for the fiscal year ended January 28, 2012, as well as the company’s subsequent filings with the Securities and Exchange Commission.
Forward-looking statements are based on information as of the date of the presentation. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
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 brands. Fiscal 2011 net sales were $14.5 billion. Gap Inc. products are available for purchase in over 90 countries worldwide through about 3,000 company-operated stores, about 200 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.