is the out-of-touchhas-been as younger buyers threaten to drive one of the countrys largest specialty apparel retailers into retail irrelevance. Gap Inc.s three-tier brand model Old Navy for the budget buyer, Banana Republic for the upscale shopper and Gap stores for everyone else isnt working as well as it used to. Though the company is still a major American apparel retailer, generating $15.8 billion in sales last year, its size has become a liability. The companyjust doesnt haveenough customers to justify the number of stores it operates. Recent sales data shows little improvement. Its glory days in the 80s and 90s may be gone for good. We think Gaps valuation proposition is no longer competitive, and two of its major brands (Gap and Banana Republic) have lost relevance with consumers, Morgan Stanley retail analyst Kimberly Greenberger said in a recent research note to investors. These are not easily fixable near-term leaving us confident Gap will continue to cede share like the department stores and teen retailers. The numbers dont lie. Same-store sales a key retail measure that excludes the activityof recently opened stores to offer a better measure of performance have fallen specifically at Gap stores for 10 consecutive months. Banana Republic has fared worse with 20 consecutive months of declining sales as it struggles to figure out what women in particular want in high-end workplace attire.additional info
For the original version including any supplementary images or video, visit http://www.salon.com/2016/11/16/mind-the-generation-gap-struggling-clothing-retailer-gap-inc-has-been-overtaken-by-fashion-trends-and-its-youth-friendly-competition/
How To Find The Job Of Your Dreams
Your bills and career depend on your ability to get a good job. If you approach your search unprepared, you risk going weeks or even months without a single decent lead. Understanding employment allows you to avoid experiencing depression, anxiety and intense frustration. Keep reading to find out more.
Regardless of the position you are looking for, dress appropriately when visiting an employer. Interviewers think of a well-dressed person as a better candidate. You need not overdo it all the time, but dress properly even when you are merely dropping off applications and resumes.
Treat the world as your classroom. At times, discovering the job you want requires that you expand your skills. To get something better for yourself, you need to better yourself so that you have more to offer a prospective employer. The Internet has several options for virtually anyone.
Be aware of how much workers in your field are being compensated. Some people go too low, thinking that they won’t get the job if their request is too high. This shows that you are confident in your abilities, and not afraid to take a chance and go for what you want.
Make sure that you use the cover letter as a chance to stress any qualifications you have that were mentioned in their ad. Every employer wants someone who is actually overqualified for the position. It’s up to you to ensure that you’re coming across as the right fit for the job. Re-read it carefully to make sure you describe yourself in a way that makes you stand out.
Make it a point to show up to your job early. You never know what might get in your way on the trip. If they see you’re on time, they’ll be greatly impressed.
Look for a job with great amenities. Top companies offer things like saunas, gyms and restaurants on the property. A lot of people will want these amenities, and thus apply for those jobs. As a result, employers are given the luxury of being extremely picky about whom they choose to hire.
Don’t get too chummy with the people you work with. This will ensure you know people in the field before you leave the company. Whenever you become friends with people, your relationship becomes much more complicated. This can quickly cause drama, which you do not want. It will serve you well to keep things professional at all times.
Create a schedule at work that you and others can count on. Many employers want to have a consistent worker. When they are aware of what to expect, they will trust you. Be consistent with any hours you can work and lunch breaks you’ll need. Let your supervisor know when your schedule will deviate from your usual.
There are different things you can do to increase your chances of finding the job you want. Take your job hunt seriously. Job hunting IS a full-time job! Work hard to look for something and you should have a new job in due time.
They tried giving me other duties to perform; I really started liking that. It just snowballed from that point on. Lam: How did you learn how to type? Debra Leonard-Porch, an office manager in Chicago. (Debra Leonard-Porch) Leonard-Porch: I learned in high school. Back in the day, you either took typing or you took home economics. I had known how to cook since I was seven or eight years old, so that wasn’t something I was interested in. I took a typing class, and I actually quit because the teacher would make all of the females cut their nails. You had to hold your hands up every week, and if your nails were past a certain point, she would actually cut your fingernails.
For the original version including any supplementary images or video, visit http://www.theatlantic.com/business/archive/2016/11/office-manager/507845/?utm_source=feed