Does gap stand for gay and proud

Are 'The Gap' Stores Named for 'Gay and Proud'? The origins of the chain's name have to do with the so-called 'generation gap,' not sexual orientation.

Urban legend has outlined that GAP actually means gay and proud, when in actual fact, it is a rebranding of the original ‘The Gap’ store. GAP is a clothing brand that takes its name from the original concept of the ‘generation gap’, which means that there are clothes available for both adults and children.