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Gap, a leading global retailer, has demonstrated an impressive performance in its first quarter. The company’s success is primarily attributable to the robust results from its principal brands, Gap and Old Navy. First Quarter Sales Surge The company reported…
Gap has nixed plans to spin off its Old Navy subsidiary, saying that after further investigation the costs involved outweighed the benefits. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert…
Gap plans to spin off and float its Old Navy business, creating two independent publicly traded companies. Old Navy will operate only its own brand, while the as yet unnamed company – dubbed NewCo for now – will own the Gap brand, Athleta, Banana Republic,…
Gap brand sales fell 7 per cent globally in the last quarter as the US apparel retailer fails to re-engage consumers. However Gap Inc increased its overall sales by 6.5 per cent to US$4.09 billion on the back of solid growth in its Old Navy business and a…
Diversity, or lack thereof, is at the forefront of fashion industry discussions, with runways and advertising campaigns constantly—and rightly—scrutinised. Less has been said about diversity among prominent influencers, the new drivers of sales who are…
The tried-and-true formula of trendy casual wear at a bargain price was the right formula for Old Navy, a division of Gap Inc. In its first-quarter earnings report for the period ending May 5, Gap Inc. said that Old Navy’s same-store sales were up 3 percent,…
Gap is ramping up its roll-out of Old Navy stores as the budget brand drives growth for the embattled US apparel giant. Gap Inc says it will open 60 new stores this year in the US, Canada and Mexico – twice the number of new stores it opened last year. It…
Gap is ramping up its roll-out of Old Navy stores as the budget brand drives growth for the embattled US apparel giant. Gap Inc says it will open 60 new stores this year in the US, Canada and Mexico – twice the number of new stores it opened last year. It…
At headline level, the latest Gap Inc results are not too bad. Overall revenue rose by 1.1 per cent, a respectable increase that is some way above that posted over the last two quarters. Net income also increased by 12.3 per cent compared to the previous…
Old Navy Vietnam has opened its first store in Hanoi, three months after its debut in the country. The 655sqm store is located in Vincom Nguyen Chi Thanh and offers collections for men, women, kids and babies. Melissa Fehlman, GM of Old Navy Vietnam, said the…
With distributor RSH, fashion label Old Navy will open its first store in Malaysia at the end of this month. RSH regional marketing and communications manager Roy Lan says the brand will launch a “robust” integrated campaign to raise awareness among consumers…
Global apparel brand Old Navy announced today that it is opening its first store in Malaysia at 1 Utama Shopping Center, the fifth largest mall in the world, which is located in the heart of MSC Malaysia Cybercentre Township Bandar Utama. Old Navy makes…
That the overall pace of the Gap sales decline has moderated since both last quarter and last year is the only – very small – crumb of comfort for Gap Inc in its latest set of results. Gap last week reported a profit of US$125 million for the quarter, down…
Gap Japan will close its 53 Old Navy stores as its parent narrows its focus in Asia. But CEO Art Peck says the company “remains committed” to growing its brands in regions where it has a structural advantage. The relatively down-market Old Navy brand will…
American apparel and accessories brand Old Navy Indonesia has opened its first retail outlet at the Central Park Mall in west Jakarta. Offering American-style basic clothing items, Old Navy is part of the Gap portfolio alongside Athleta, Banana Republic and…
Gap Inc. reported stronger-than-expected fourth-quarter results on Thursday as sales continued to improve for Old Navy, its largest brand. Gap reported net income of USD319 million, or 75 cents per share, on USD4.71 billion in revenue. A year earlier the…
