Gap Inc. which owns Banana Republic Cancels Summer and Fall Orders As Covid-19 Bites

US clothing giant Gap Inc has paused all production for next season’s items and asked suppliers not to ship products already completed unless they are for the company’s online platform, leaving its manufacturers in a limbo.
The company, whose brands include Gap, Banana Republic and Old Navy, had already cancelled or delayed a series of orders, but in an email sent to vendors Monday, its executive vice president for global sourcing asked suppliers to more-or-less stop everything.
With sales that topped $16 billion last year, it’s one of the world’s largest apparel retailers and its decision will have repercussions for an already struggling supply chain, with manufacturers spread across countries including Bangladesh, Vietnam, Cambodia and Indonesia.