Rundown: Zac Posen heads to Gap, Target reportedly weighs paid membership, and Tapestry shows promising growth
Every week on the Modern Retail Rundown, we cover the latest headlines from the retail world. This week Gap Inc. announced it’s bringing on designer Zac Posen as creative director to help revamp its brands, with a big focus on Old Navy. Next, a look at why Target is currently weighing a new Walmart+-like membership program to attract more loyalty, according to a Bloomberg report. Finally, Tapestry, the owner of Coach, Kate Spade and Stuart Weitzman, posted some positive results in its most recent quarter, aided by its growing Gen Z and millennial customer base. Get more from Modern Retail with the daily newsletter, sent out each weekday morning. Visit modernretail.co/newsletters to sign up.