Gap

International brands gain market share over U.S. mainstays. As the recession deepens and consumers tighten their belts, mid-priced U.S. clothing retailers like The Gap and Ann Taylor are suffering, while European stores like H&M and Zara continue to make inroads with American buyers.

SAN FRANCISCO, March 25 CA-Gap-Ballet-Tech Gap and Ballet Tech Partner to Bring NYC's Aspiring Tiny Dancers Free Ballet Lessons at 5th Avenue Pop-Up Ballet Studio SAN FRANCISCO , /PRNewswire-FirstCall/ -- Tutus and teachers and twirling, oh my! Gap has transformed its rotating concept venue adjacent to its flagship store at 54th and 5th Ave.

San Francisco-based The Gap Inc. has transformed its rotating concept venue adjacent to its New York flagship store into a Tiny Dancers ballet studio.

The Gap Inc. Board of Directors announced it has decided to reduce the size of the Board from 13 to 10 members, and to cut the compensation for remaining Board members for 2009 by reducing both the annual cash retainer and stock compensation by 15 percent.

Reuters reports that Banana Republic is going to be opening a new accessories store in San Francisco in May called Edition by Banana Republic.