Fashion Blog Pages

Monday, January 26, 2015

Piperlime Closing

Gap Inc. announced on January 23, 2015 the decision to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015.

While Gap Inc. does not break out Piperlime’s sales independently, the brand is by far the smallest of the company’s portfolio with yearly revenue below $100 million, representing less than 1 percent of Gap Inc.’s total revenue base of over $16 billion. The wind-down costs associated with the decision are not material to the company’s financials.

Don't forget, back in June 2014 Piperlime Closed the men's division.  Looks like now, they have given up entirely on the women's division.