Gap Inc., the biggest U.S. apparel-focused retailer, posted preliminary fourth-quarter earnings that topped analysts’ estimates as sales gains at its discount Old Navy stores made up for weakness at its namesake brand.
Rebekka Bay has left her position as executive vice president and creative director of the long-ailing American brand Gap.
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.
Gap Inc. said late Thursday that a key revenue metric rose 3 percent for the November and December period, as surging sales at its low-priced Old Navy chain offset sluggish business at its namesake business.
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.
Critics of Gap Inc.’s Old Navy won concessions from the clothing chain after complaining that they were overcharged for women’s plus-size jeans.
BoF compiles the most important professional moves of the week.
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.
After blaming the Polar Vortex’s chill for sluggish results last winter, U.S. retailers now say warm temperatures in October hurt sales of boots and sweaters. Some retail analysts aren’t buying it.