Gap Archives - CFO

Gap Blunts Covid Impact With E-Commerce Surge

Financial Performance

Gap Blunts Covid Impact With E-Commerce Surge

"We nearly doubled our e-commerce business, with approximately 50% online penetration, demonstrating our ability to pivot to a digitally-led culture."

By Matthew Heller | August 28, 2020

Gap’s Pandemic Pain Worse Than Expected

Financial Performance

Gap’s Pandemic Pain Worse Than Expected

The troubled retailer said its online growth "leaves us well-positioned to fuel our brands going forward" but its shares sank 5.5%.

By Matthew Heller | June 5, 2020

Gap Beats Estimates But Comp Sales Dip 4%

Financial Performance

Gap Beats Estimates But Comp Sales Dip 4%

“We are not pleased with the third-quarter results and are focused on aggressively addressing operational issues," the struggling retailer says.

By Matthew Heller | November 22, 2019

Gap Shares Dive on Old Navy Spinoff Doubts

Gap Shares Dive on Old Navy Spinoff Doubts

The surprise resignation of CEO Art Peck has Wall Street "wondering whether the split could be delayed or abandoned altogether."

By Matthew Heller | November 8, 2019

Gymboree To Sell Off Brands

Gymboree To Sell Off Brands

The deals with Gap and The Children’s Place were disclosed in bankruptcy filings.

By Lauren Muskett | March 4, 2019

Gap to Spin off Old Navy, Keep Specialty Brands

Gap to Spin off Old Navy, Keep Specialty Brands

"It’s clear that Old Navy’s business model and customers have increasingly diverged from our specialty brands over time."

By Matthew Heller | March 1, 2019

Financial Performance

Gap’s Namesake Brand Weighs on Comp Sales

The retailer plans to focus on the "healthy core" of Gap specialty stores while exiting "those that do not fit the future vision quickly.”

By Matthew Heller | November 21, 2018

Gap Revenue Tops Estimates, But Earnings Fall Short

Gap Revenue Tops Estimates, But Earnings Fall Short

The retailer affirmed full-year guidance and plans to open 60 Old Navy stores by the end of the year.

By William Sprouse | May 25, 2018

CFOs on the Move: Week Ending Nov. 18

CFOs on the Move: Week Ending Nov. 18

CBS Radio, Gap, Sheppard Pratt, Zebra Tech., NRG Yield, Huntsman, Align Tech., AmWINS, NN, Miller Industries

By Joan Urdang | November 18, 2016

CFOs on the Move: Week Ending Nov. 4

CFOs on the Move: Week Ending Nov. 4

Hearst Television, Gap, ADT, USA Truck, Black Stone Minerals, CyrusOne, Exterran, General Cable, Nancy Buese, Rocket Fuel

By Joan Urdang | November 4, 2016

Gap’s Credit Rating Downgraded to Junk

Gap’s Credit Rating Downgraded to Junk

Fitch Ratings expresses doubts about Gap's cost-cutting strategy, saying earnings will fall this year even with $100 million in expense reduction.

By Katie Kuehner-Hebert | May 11, 2016

Gap Profit Falls Amid Revamp of Flagship Brand

The retailer's new CEO is still confident his strategy to fix the Gap stores will improve financial performance.

By Katie Kuehner-Hebert | August 21, 2015

Denim’s Decline Challenges Mall Operators

Financial Performance

Denim’s Decline Challenges Mall Operators

CFOs of mall companies should be extra careful now in who they grant leases to, bankruptcy attorney says.

By David McCann | June 24, 2015

The HR and Sustainability Nexus: An Untapped Asset?

The HR and Sustainability Nexus: An Untapped Asset?

A combination of a sustainable approach and a strong HR role may be a recipe for high performance.

By John Boudreau | December 3, 2012

What Do Your HR Practices Tell Your Employees?

Workplace Issues

What Do Your HR Practices Tell Your Employees?

Leaders and those they lead may have very different impressions about “how things work around here.”

By John Boudreau | October 31, 2011