BoF compiles the most important professional moves of the week.
U.S. retailers including L Brands Inc., Pier 1 Imports Inc. and Gap Inc. posted December same-store sales that topped analysts’ estimates as improving employment and falling gas prices encouraged shoppers to spend on gifts.
JD.com Inc. led Chinese e-commerce companies higher in New York after announcing that Gap Inc., the largest U.S. retail chain focused on apparel, opened a store on its sales platform.
Gap Inc. said late Thursday that a key revenue metric rose 6 percent in November, as surging sales at its low-priced Old Navy chain offset sluggish sales at its namesake business.
BoF speaks to Art Peck, incoming chief executive of Gap Inc., to discuss his 10 years of experience at the American fashion giant and his imminent take over from Glenn Murphy at a critical juncture in the company’s history, amidst a market landscape being reshaped by digital technology and fast-fashion competitors.
Zalando SE, Europe’s largest online fashion retailer, said it will start selling clothes from Gap Inc. in Europe, sending its shares higher.
Gap Inc., the biggest U.S. apparel- focused retailer, cut its annual profit forecast as sales at its namesake brand continue to struggle.
Gap Inc. incoming chief executive officer Art Peck is overhauling management at the ailing Banana Republic and Gap brands.