Jobs of Great Import at Banana Republic
Banana Republic is doing a "Let's Create Jobs for USA" promotion.
But it's still hard to find Made-in-USA goods inside the store.
It's worth noting, though, that Banana Republic parent Gap Inc.has helped create some jobs in U.S. factories: Gap Inc. in fiscal 2011 (year ended January 2012) doubled its U.S. merchandise purchases -- to 2% of goods from 1%.
Gap Inc.'s March 2012 10-K filing with the Securities and Exchange Commission said "approximately 98% of all units [items] were produced outside the United States [in fiscal 2011], while the remaining 2% of all units were produced domestically." (In 2011, 26% of Gap Inc. goods came from China, according to the 10-K; 72% were imported from 41 other countries.)
In fiscal 2010, Gap said, "Approximately 1 percent of all units...were produced domestically, while the remaining 99% of all units ... were produced outside" the U.S.
In 1999, by contrast, Gap said 22 % of units came from U.S. production; 78% came from foreign factories, including 12% from China. In 1993, Gap reported, 40% of its merchandise was made domestically and 60% imported.