Gap plans to launch seasonal vintage drops throughout the year, according to Retail Dive.
Speaker AGap is expanding its partner with Sean Witherspoon, its global vintage curator, to release Gap.
Speaker BHow do you like that job, Chris?
Speaker AI love when people watch us.
Speaker AI get comments sometimes from friends are like, I could tell you are smiling as you read that headline that there was something going on in your head.
Speaker AAnd that was exactly what I was thinking.
Speaker AYes, it's global vintage Curator.
Speaker ALet's make sure we get that right.
Speaker ATo release Gap Vintage, all one word, I might add, which is a series of curated Gap vintage clothing drops.
Speaker AThe program's first drop releases Tuesday and will include Gap pieces from the 1980s, 1990s and 2000s, all sourced by Witherspoon.
Speaker AGap didn't specify how many drops there would be, but did say they would include seasonal and theme drops.
Speaker AThe retail price range will vary, but the initial drop includes a 1990s striped pocket T shirt, classic logo hoodie and nylon anorak windbreaker priced at $55, $85 and $90 respectively.
Speaker AIt also includes a 1980s denim jacket hoodie priced at $90.
Speaker ASounds like my style.
Speaker AAnd the collection will be available online in the US with an exclusive collection sold in the company's Flatiron store in New York.
Speaker AAnne, I'm curious.
Speaker BYes.
Speaker AOn a scale of 1 to 10.
Speaker BYeah.
Speaker AHow much do you like the idea of Gap vintage?
Speaker BI'm a hopeful seven.
Speaker AA seven?
Speaker BSeven.
Speaker BYes.
Speaker ALucky number seven.
Speaker BAnd I'll tell you why.
Speaker BAll right, one vintage Gap is the most in demand Gap product right now.
Speaker BLike that's what all this next generation is looking to.
Speaker BThey're not going to the Gap store.
Speaker BThey are scouring thrift stores and consignment shops to find this product right now.
Speaker BSo I actually like this more from the perspective of it's a way to Dr.
Speaker BTraffic.
Speaker BThere's limited drops.
Speaker BThey're doing pop up shops around the globe like they're going into.
Speaker BAnd they're doing this on Gap.com, which I think is a smart way to just try to gain interest from a new consumer that hopefully comes for the Gap vintage and stays for maybe some new accompanying Gap pieces like T shirts or some of the other staples.
Speaker BAnd I do think that more retailers need to be profiting off the reselling of their product, whether it's vintage product or it's just, you know, the drops or resales that we're seeing, much like what we've described in the past with like Nike and Goat or Stockx.
Speaker BLike it doesn't make sense that those companies are profiting off of your brand.
Speaker BBut.
Speaker BAnd here's the big but, Chris.
Speaker AThere's always a but.
Speaker ALike we said in the beginning, the.
Speaker BOne person or team with Sean Weatherspoon curating one store and some pop ups, one drop on Gap.com, like, I don't even know from a marketing perspective if that's enough to get the scale that you want to get the success that you would want to bring enough people back to the Gap brand.
Speaker BI do think it's an idea worth trying, but I think it really depends on what Richard Dixon and the Gap team plan to do for the next phases of this.
Speaker BLike if it's something they're planning on rolling out, if it's just going to stay the small thing, I unfortunately don't think it's enough to save the Gap.
Speaker BBut you're a seven.
Speaker AYou're a seven with.
Speaker BI'm a seven with the.
Speaker AWith the caveat.
Speaker AYou're a seven.
Speaker BOkay, I'm coming down.
Speaker AYeah, I think you're coming down.
Speaker BMaybe I'm like a five.
Speaker BMaybe.
Speaker BMaybe.
Speaker AJohn, Clear.
Speaker AReorient yourself here.
Speaker BI think so.
Speaker BBut maybe.
Speaker BI mean, Chris, are you just kicking yourself for not saving all of your vintage Gap anoraks and khakis from the 90s when you were working there?
Speaker BI mean, you gotta, you could be making.
Speaker ANobody wants my resale clothing.
Speaker ASure.
Speaker AThat's true.
Speaker BTrue.
Speaker BWhere, what's your number though?
Speaker BWhere do you, where do you find?
Speaker AI'm, I'm, I'm at best the three.
Speaker AOkay.
Speaker AI'm like in the two to three range on this.
Speaker AMarketing wise, I think it's a great hook.
Speaker AYou know, people listen to this stuff, they read about it, people talk about it.
Speaker AYou've seen all the chatter on social media about this too, you know, so, like it's getting buzzed.
Speaker ASo, yeah, nice job on that.
Speaker ABut I think to your point, seasonal drops online in small batches of things you have to source like this, you know, and are on display at one store in New York.
Speaker AThey do nothing.
Speaker ANumbers.
Speaker BAnd some pop ups.
Speaker BAnd some pop ups.
Speaker AYeah, but I mean, but still, like that does nothing, numbers wise?
Speaker AAbsolutely.
Speaker AZero, zilch, nada, like all three of those words.
Speaker ATo say the word nothing.
Speaker ALike it just nothing comes from it.
Speaker ASo, I mean, until I see something that gets people back in the actual stores in mass, I'm going to remain skeptical of Richard Dixon, even though, you know, he's sure they got the zeitgeist and he's coming to shop Talk.
Speaker AAnd I'm sure he's going to be the most watched session at Shop Talk without a doubt.
Speaker ABecause, because even all the points you raised, like the route into resale.
Speaker AYeah, I think it's something you can, you can capitalize on.
Speaker ABut that too doesn't stop the bleeding and answer the question of how do you get people into your stores to shop gas gaps regularly priced merchandise, which is what you actually need to survive.
Speaker ASo until I see that, you know, it's, it's, it's just not going to work.
Speaker ASay nothing of the idea that, like you said, you brought it up 100%.
Speaker AThe idea of scaling and sourcing old vintage clothing is, is an almost impossible idea to scale in of itself.
Speaker AIt's just never going to work in mass.
Speaker AIt's just, it's not physically, you know, economically sustainable as an idea.
Speaker ASo.
Speaker ASo it's just branding, plain and simple.
Speaker AThat's why I'm like, this is like a two or three.
Speaker AAnd I still need to see more in terms of how is he enlivening the product itself to get people to pay full price for what is in a Gap store.
Speaker BYeah, do.
Speaker BWhat do you, I mean, have you changed your thoughts?
Speaker BI know I've asked you this question in the past, but have you changed your thoughts at all about like, what would be a move that Dixon could make to get people to do that?
Speaker BChris, like, do you.
Speaker BWhere, where.
Speaker AYeah, it's funny, as you were talking, do.
Speaker AYeah, I was thinking about this.
Speaker ALike, I think if, if this move resonates from a marketing perspective, then I think you have to have a very, you know, deliberate conversation with your product development team, which, you know, I've always been curious if Zach Posen is the guy to get this, but like, okay, what is it that, that the average consumer today, in today's world wants from your clothing?
Speaker ALike, do you, do you go into logo merchandise a lot more if that's what people are buying, you know, from the vintage collection?
Speaker ADo you go into the pieces and just kind of update them?
Speaker ABut you have to find some point of position and then of course, you have to stand behind that in the store with the inventory, with the bets, with merchandising to say, hey folks, if you're coming to a Gap store, this is what we want you to buy.
Speaker AYeah, I mean, that's what Abercrombie has done fairly well.
Speaker AThey've taken a product position on certain items and they've done really well with them.
Speaker AAnd so, you know, fashion, retail is the same thing.
Speaker AYou Got to do that.
Speaker AAnd I don't know what that is yet.
Speaker AThey haven't really come out and said what that's going to be.
Speaker AI need to go into a Gap store again.
Speaker AIt's been like three or four months since I have.
Speaker ABut that's where you, you could potentially take this, right?
Speaker AYou could, but the proof is not there yet for me to say that that's what they're going to do.
Speaker BSo I have, I have a question.
Speaker BA crazy.
Speaker AOkay, we're going to skip on this one.
Speaker AAll right.
Speaker BMaybe we can cut this out if we need to.
Speaker BBut.
Speaker BSo I'm, I'm almost curious, like, it really got me thinking, like this week when we're talking about the de minimis exceptions and Shein and Temu and what that's going to do to the price of their clothing.
Speaker BI'm almost wondering if Gap couldn't come back a la like American Apparel.
Speaker BAnd could you have success in, you know, being a brand that's American made, that's providing quality product again?
Speaker BBecause we also know that that's an important factor for the, the next generation of shopper.
Speaker BThis Gen Z shopper is looking for quality.
Speaker BNow, price point is a big concern there.
Speaker BBut, but I think, like, I'm wondering if that, like, Gap is an American brand, like, could that help them, like, provide this resurgence of.
Speaker BWe're making products here.
Speaker BIt's good quality product.
Speaker BWe're doing it at the lowest possible price.
Speaker BThe style and then leaning on, you know, like, you're saying, like inspiration from what's selling on vintage Gap or even Zach Posen's inspiration.
Speaker BBut, I mean, do you think that's even a shot that they could take that would help them?
Speaker AI like where your head is going there.
Speaker AI think that's just a very difficult proposition for a whole host of reasons, too.
Speaker AI mean, the business.
Speaker AI don't know that the business model is set up for that.
Speaker AYou know, in terms of where their source, Gap, has an incredible sourcing arm throughout the world.
Speaker AYeah, there'd be an incredible cost increase to doing that.
Speaker AThe problem with Gap, too, is it sits at.
Speaker AIn this, like, kind of nether world in terms of pricing.
Speaker AIt's got Old Navy on one side, it has been on the other.
Speaker ASo then you're probably taking the prices for your average Gap piece of clothing up.
Speaker ASo maybe.
Speaker ABut it would take a long time to get there and there'd be a lot of pain to rewire the operation that way, too.
Speaker AAnd at the same time, you mentioned the competitors, the fast fashion competitors, they could come in and undercut you on price for the same goods, you know, comparably, you know, that you're getting sourced in the US And I think, generally speaking, I think for the same item, people still gravitate towards price as much as they want to ring the, hey, made in Americana, made in America thing, you know, Walmart's play that up.
Speaker ABut yet at the same time, it's never like, you know, blown the doors off their business too.
Speaker ASo like, I mean, it's very different.
Speaker ABut I don't know, I just think it would be harder to do than, you know, it probably, you know, seems.
Speaker BBut I just want Gap to survive, Chris.
Speaker AI just want it to.
Speaker AThe good news is though, there's.
Speaker AThe good news is they could be on, I will say this, they could be onto something if they figure out what it is that their customer wants going forward and how to price it.
Speaker AThose are two really difficult questions though, for sure, right?
Speaker BAs you said, there's a lot involved in that process.