Gap Inc. (NYSE: GPS):
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What:
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In an all-employee call early this morning, Glenn Murphy, Chairman
and CEO of Gap Inc. (NYSE: GPS), announced to employees that, in
line with its promise to “do more than sell clothes,” it will
raise the minimum hourly rate for U.S. employees to $9 in 2014 and
$10 in 2015 across its family of six brands. This will ultimately
benefit about 65,000 store employees.
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Additional information is available at www.gapinc.com/domore.
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When:
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February 19, 2014
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How:
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A full statement and more information about this announcement is
available at www.gapinc.com/domore.
Follow the discussion on social media via #letsdomore.
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Contact:
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Media inquiries should be directed to Paula Conhain at press@gap.com
or 415-427-4612. For investor inquiries, please contact David
Davick at 415-427-2164 or investor_relations@gap.com.
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Copyright Business Wire 2014