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Articles

Gap climbs after leadership change at Old Navy, profit forecast raise

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By Anuja Bharat Mistry, Angela M
| Lufkin Daily News Verified
By Anuja Bharat Mistry and Angela Christy M By Anuja Bharat Mistry and Angela Christy M Aug 28 (Reuters) - Gap's shares jumped as much as 24.1% to a four-month high, after the apparel retailer named industry veteran Michael Francis as CEO of Old Navy, a move aimed at reinvigorating the brand in a challenging spending environment.
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Gap climbs after tapping retail veteran to reignite growth at Old Navy

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By Anuja Bharat Mistry, Angela M
| MSN Verified
By Anuja Bharat Mistry and Angela Christy M Aug 28 (Reuters) - Gap's shares jumped about 22% in early trading on Friday after the apparel retailer named industry veteran Michael Francis as CEO of Old Navy, a move aimed at reinvigorating the brand in a challenging spending environment. Old Navy, Gap's biggest brand, has struggled to gain traction in select women's apparel categories in recent quarters, a key hurdle in the company's turnaround.
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Gap Climbs on Old Navy Leadership Shift, Higher Outlook

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By Anuja Bharat Mistry, Angela M, Shinjini Ganguli Verified
| GuruTrade
Aug 28 (Reuters) - Gap's shares jumped as much as 24.1% to a four-month ​high, after the apparel retailer named industry veteran Michael Francis as CEO of ‌Old Navy, a move aimed at reinvigorating the brand in a challenging spending environment. Old Navy, Gap's biggest brand, has struggled to gain traction in select women's apparel categories in recent quarters, a key hurdle ​in the company's turnaround.
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