(NYSE: GPS)
today unveiled that Forth + Towne is the name of the company's new women's
apparel retail concept.

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C.
Forth + Towne will launch in four test stores in the Chicago market and
one in New York in the fall of 2005. A
rapidly growing segment of the population, this group's spending power
accounts for about 39 percent of women's total apparel expenditures. is a leading international specialty retailer offering clothing,
accessories and personal care products for men, women, children and babies
under the Gap, Banana Republic and Old Navy brand names.

Investor Relations: Media Relations:
Mark Webb Kris Marubio
415 -427-2161 415-427-1798

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GREENSBORO, N. Fourth Brand to Become Shopping Destination for Women

SAN FRANCISCO, Gap Inc. Forth + Towne represents the newest concept in
Gap Inc. Gap Inc.

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Receive a luxurious Bath + Lotion Gift
Set absolutely free when you make same day Tanger purchases of $150 (amounts
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"
Announced on September 15, 2004, Gap Inc.
Gap Inc.

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Before heading to Tanger for a fun-filled day of outlet shopping this
spring, explore tangeroutlet. Each month,
we'll keep you informed about exclusive store discounts, special offers and
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At Tanger, you'll also
find items to rejuvenate your home with a splash of spring, plus jewelry,
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tangeroutlet . For more information, call Tanger's national bargain
hunting hotline at 800-4-TANGER or visit http: //www.com.

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, Spring is the perfect
time to update your wardrobe. Simply bring your receipts to the Tanger Customer Service
Center or other designated location beginning March 18, 2005.com first.

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Treat yourself to a day of outlet shopping at
Tanger. You'll find all of the latest brand name and designer fashions and
accessories to look your spring best.3 billion.

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After treating yourself to a day of brand name bargain hunting, pamper
yourself with a free gift from Tanger.7
million square feet, leased to over 1900 stores that are operated by over 400
different store brands. President and Chief Executive Officer, at the company's
investor update meeting. It will offer a broad range of sizes,
with a focus on fit, and assortments that serve a variety of occasions.'s newest brand will offer
fashionable apparel and accessories, targeting women over the age of 35. operates about 3,000 stores in the United States,
the United Kingdom, Canada, France and Japan.

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For your favorite brands and the best prices, do your outlet shopping this
spring .
"We created an address with the name 'Forth + Towne,' because we wanted it
to evoke a sense of place -- to signify a special and unique shopping
destination," explained Gary Muto President, Forth + Towne.

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.com ., " said Paul
Pressler Gap Inc.

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.
Tanger Factory Outlet Centers, Inc.

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Go Bargain Hunting Tanger -Style for the Newest Spring Fashions + Best Outlet Prices

, (NYSE: SKT) a publicly traded REIT,
presently has ownership interests in or management responsibilities for 33
shopping centers in 22 states coast -to-coast, totaling approximately 8.
"Launching the brand Forth + Towne, which focuses on women over age 35,
represents an important long-term growth opportunity for Gap Inc.

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Tanger-Style. "'Forth '
references our fourth brand, and 'Towne' conveys a sense of community that we
want to create for our customers when they shop with us.

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Because you are buying direct from the
most popular manufacturers at Tanger Outlet Centers nationwide, the best value
and the best possible prices are always guaranteed. For more information, please
visit gapinc.

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com you can also sign up for Tanger 's E-mail Update.

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Fiscal 2004 sales
were $16.

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You'll find center locations, store
listings, plus many coupons and special offers from our brand name stores that
you can print and use on your upcoming Tanger shopping trip.'s family of brands, which includes Gap, Banana Republic and Old Navy.

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tangeroutlet .

Gap Inc. Introduces 'Forth + Towne'

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About Gap Inc.

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