Art Peck

News & Analysis

Gap and Old Navy Are Breaking Up

28 February 2019 • By Cathaleen Chen and Chantal Fernandez

News & Analysis

Gap and Old Navy Are Breaking Up

Gap Inc will spin out Old Navy, the company said Thursday, in an effort to bolster both the growing Old Navy and fading Gap brands.

News & Analysis

Gap CEO Is 'Drawing Line in Sand' With Shift to Old Navy

15 September 2017 • By Bloomberg

15 September 2017 • By Bloomberg

The idea is to focus on the areas with the most potential for fuelling growth — rather than having unrealistic expectations for the older divisions.

News & Analysis

Gap CEO Is 'Drawing Line in Sand' With Shift to Old Navy

The idea is to focus on the areas with the most potential for fuelling growth — rather than having unrealistic expectations for the older divisions.

News & Analysis

Trump to Meet with Retail CEOs on Border Adjusted Tax

14 February 2017 • By Reuters

14 February 2017 • By Reuters

The meeting will include CEOS from Target, Gap and J.C. Penney, according to those familiar with attendees.

News & Analysis

Trump to Meet with Retail CEOs on Border Adjusted Tax

The meeting will include CEOS from Target, Gap and J.C. Penney, according to those familiar with attendees.

News & Analysis

Gap Narrowly Tops Earnings Estimates Amid ‘Signs of Progress’

18 August 2016 • By Bloomberg

18 August 2016 • By Bloomberg

Gap Inc. posted second-quarter earnings that narrowly topped analysts’ estimates, giving hope that the largest apparel-focused U.S. retailer can mount a comeback.

News & Analysis

Gap Narrowly Tops Earnings Estimates Amid ‘Signs of Progress’

Gap Inc. posted second-quarter earnings that narrowly topped analysts’ estimates, giving hope that the largest apparel-focused U.S. retailer can mount a comeback.

News & Analysis

Gap Says Key Sales Measure Slides 6 Percent in May

2 June 2016 • By Associated Press

2 June 2016 • By Associated Press

Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.

News & Analysis

Gap Says Key Sales Measure Slides 6 Percent in May

Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.

News & Analysis

Gap CEO Says He Would Consider Using Amazon to Reach Customers

17 May 2016 • By Bloomberg

17 May 2016 • By Bloomberg

Gap Inc. chief executive officer Art Peck said the retailer would consider relying on third-party sellers such as Amazon.com Inc. to reach customers.

News & Analysis

Gap CEO Says He Would Consider Using Amazon to Reach Customers

Gap Inc. chief executive officer Art Peck said the retailer would consider relying on third-party sellers such as Amazon.com Inc. to reach customers.

News & Analysis

Gap Plummets After Comeback Plan Fails to Revive Sales Growth

10 May 2016 • By Bloomberg

10 May 2016 • By Bloomberg

Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s comeback hasn’t materialised.

News & Analysis

Gap Plummets After Comeback Plan Fails to Revive Sales Growth

Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s comeback hasn’t materialised.

News & Analysis

Gap Reports 2 Percent Drop in Revenue Measure for February

3 March 2016 • By Associated Press

3 March 2016 • By Associated Press

Gap Inc. is reporting a 2 percent drop in a key revenue measure for February, dragged down by weakness at its Banana Republic stores.

News & Analysis

Gap Reports 2 Percent Drop in Revenue Measure for February

Gap Inc. is reporting a 2 percent drop in a key revenue measure for February, dragged down by weakness at its Banana Republic stores.

News & Analysis

Gap Profit Forecast Trails Some Estimates Amid Turnaround Effort

25 February 2016 • By Bloomberg

25 February 2016 • By Bloomberg

Gap Inc. forecast profit this year that trailed some analysts’ estimates as the company tries to revive sales.

News & Analysis

Gap Profit Forecast Trails Some Estimates Amid Turnaround Effort

Gap Inc. forecast profit this year that trailed some analysts’ estimates as the company tries to revive sales.

News & Analysis

Gap Shares Tumble After Sales Plunge at Once-Hot Old Navy Brand

7 January 2016 • By Bloomberg

7 January 2016 • By Bloomberg

Gap Inc. fell as much as 9.1 percent in late trading after December sales tumbled at its Old Navy chain, which was long seen as the company’s brightest star.

News & Analysis

Gap Shares Tumble After Sales Plunge at Once-Hot Old Navy Brand

Gap Inc. fell as much as 9.1 percent in late trading after December sales tumbled at its Old Navy chain, which was long seen as the company’s brightest star.