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Human Capital & Careers
Salary Transparency’s Impact On the Future of Labor
With salary ranges being required in more areas, how can executives use these new laws to better their hiring practices?
By
Adam Zaki
| February 3, 2023
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Old Navy
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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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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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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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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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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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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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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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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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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