Gap Inc. Announces Increase in Minimum Hourly Rate for U.S. Employees

What:

In an all-employee call early this morning, Glenn Murphy, Chairman and CEO of Gap Inc. (NYSE: GPS), announced to employees that, in line with its promise to “do more than sell clothes,” it will raise the minimum hourly rate for U.S. employees to $9 in 2014 and $10 in 2015 across its family of six brands. This will ultimately benefit about 65,000 store employees.

Additional information is available at www.gapinc.com/domore.

When:

How:

A full statement and more information about this announcement is available at www.gapinc.com/domore. Follow the discussion on social media via #letsdomore.

Contact:

Media inquiries should be directed to Paula Conhain at press@gap.com or 415-427-4612. For investor inquiries, please contact David Davick at 415-427-2164 or investor_relations@gap.com.