Old Navy

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
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Gap Cancels Plan to Spin Off Old Navy
Strategy

Gap Cancels Plan to Spin Off Old Navy

“The work we’ve done to prepare for the spin shone a bright light on operational inefficiencies and areas for improvement.”
By Lauren Muskett | January 17, 2020
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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
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Gap Shares Dive on Old Navy Spinoff Doubts
People

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
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Gap to Spin off Old Navy, Keep Specialty Brands
Strategy

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
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Gap’s Namesake Brand Weighs on Comp Sales
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
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Gap Revenue Tops Estimates, But Earnings Fall Short
Strategy

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
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Gap Worn Down By Declining Sales
Turnarounds

Gap Worn Down By Declining Sales

The Gap announced it was closing 75 stores, including Old Navy Japan, as sales continue to plunge and profits dwindle.
By Matthew Heller | May 20, 2016
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Gap Closing Stores, Potentially Laying Off Thousands
Operations

Gap Closing Stores, Potentially Laying Off Thousands

The company estimates roughly $300 million in annualized sales losses associated with the store closures.
By Katie Kuehner-Hebert | June 16, 2015
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