Old Navy Archives - Inside Retail Singapore
Gap plans to spin off and float its Old Navy business, creating two independent publicly traded companies.
The deep-seated problems at the Gap brand need to be resolved. And soon, says retail analyst Neil Saunders.
Gap Inc has named a new president and CEO for its troubled Gap brand.
Gap Inc again had to rely on its budget brand Old Navy to deliver modest growth in the first quarter, as its core brand stuttered yet again.
Gap is ramping up its roll-out of Old Navy stores as the budget brand drives growth for the embattled US apparel giant.
At headline level, the latest Gap Inc results are not too bad. But beneath the surface…
Gap Inc. to close about 200 Gap and Banana Republic stores in the next three years.
Gap results show the third consecutive quarter of positive comp-store sales growth – but Old Navy alone is driving all the growth.
With comparable group sales increasing by 2 per cent this has been a quarter of progress for Gap.
A modest rise in Gap sales over the final quarter provided some much needed respite for beleaguered US apparel retailer.
Banana Republic chief Andi Owen has been ousted from the role by parent Gap.
Gap result ‘as predictable and boring as its ranges’’ writes Neil Saunders.