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Banana Republic Makes Blogger Star of Spring Campaign

Gap Inc. (GPS)’s Banana Republic isn’t just mailing its spring collection to fashion bloggers in hopes of glowing reviews. The modern work-wear brand is making one of them a star.

The brand’s “Love” campaign will feature the story of how Joy Cho, the author of fashion and lifestyle blog “Oh Joy,” met her husband and will recreate their first date with photos of the pair in Banana Republic items, Catherine Sadler, global chief marketing officer, said in a telephone interview.

“Our partnership with ‘Oh Joy’ begins what will evolve into an even more extensive digital content presence in 2013,” Sadler said. “Not only will we look to excite customers and connect with them through curated content in association with blogs like ‘Oh Joy,’ but we’re also excited about curating and pushing out our own content in the digital space.”

In the past year, Banana Republic has boosted sales by forming partnerships with a wide range of entities from Bon Appetit magazine and the “Mad Men” television show to designer Trina Turk, adding to a rebound across all of Gap’s brands in North America. With the spring campaign, the unit of San Francisco-based Gap will also collaborate with dating site Match.com, holding in-store events for members in eight cities, and engage with shoppers on Instagram and Twitter, Sadler said.

Web Presence

Cho’s website gets more than 190,000 unique visitors a month, according to Sadler, and she has more than 12 million followers on social-media website Pinterest. That compares with fewer than half a million at Banana Republic and brands including J. Crew and Anthropologie.

“We’re really interested in adding dimension to our conversation with our customer and telling deeper stories,” Sadler said. “That is very much a focus of 2013, to be able to engage with our customers at a deeper, more dimensional level, and to be able to create content that showcases our product.”

Banana Republic has seen North America same-store sales rise 5 percent in the 11 months through December after a 1 percent decline in the fiscal year ended January 2012. The unit brought in $2.63 billion in that period, or about 18 percent of Gap’s overall revenue. The company will report sales for January, the last month of this fiscal year, on Feb. 7.

Gap’s namesake brand has successfully partnered with style blogs and YouTube stars to regain its foothold in North America in the past year. Gap Chief Executive Officer Glenn Murphy lauded the namesake brand’s digital efforts in the company’s August earnings call, saying that it has been “very effective” and “a great medium” for the company.

Gap fell 1.2 percent to $32.59 at the close in New York. The shares rallied 67 percent last year, following a 16 percent decline in 2011.

To contact the reporter on this story: Sapna Maheshwari in New York at sapnam@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net

Gap’s Banana Republic Makes Blogger Web Star of Spring Campaign

Banana Republic has seen North America same-store sales rise 5 percent in the 11 months through December after a 1 percent decline in the fiscal year ended January 2012. Source: Banana Republic via Bloomberg

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Personal Finance Best Sellers From Amazon

Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
  • Credit Cards
Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.03% 3.94%
30 Year Fixed 3.77% 3.47%
15 Year Fixed 2.88% 2.71%
10 Year Fixed 2.98% 3.00%
30 Year Fixed Refi 3.76% 3.46%
15 Year Fixed Refi 2.88% 2.68%
5/1 ARM 2.66% 2.61%
5/1 ARM Refi 2.64% 2.56%
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Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.34% 5.24%
$50K HELOC 4.56% 4.53%
$75K HELOC 4.57% 4.53%
$100K HELOC 4.27% 4.21%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.99%
$100K Home Equity Loan 5.80% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.24% 1.21%
2 Year CD 0.70% 0.66%
1 Year CD 0.57% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.70%
MMA Savings Jumbo 0.58% 0.60%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.97% 3.19%
48 Months Used Car 2.92% 3.13%
36 Months Used Car 2.88% 2.96%
72 Months New Car 2.45% 2.96%
60 Months New Car 2.54% 2.67%
48 Months New Car 2.45% 2.58%
60 Months Auto Refi 4.15% 4.36%
36 Months Auto Refi 3.60% 3.76%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.57%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com