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Tag: Navy

Commentary: Gap in very weak position, spin-off of Old Navy won’t help it

There is no real surprise from Gap’s third quarter figures: Sales are poor, profit is weak although marginally better than forecast, and the outlook remains gloomy. Given the relative lack of effort from management on resolving the underlying issues plaguing the company, it would be unreasonable to expect a different outcome. However, there is some …

Commentary: Gap in very weak position, spin-off of Old Navy won’t help itRead More

Gap’s Q3 income plunges amid falling sales; Old Navy spin-off plans move forward

Gap Inc.’s problems continued in the third quarter amid disappointing performances across all three of its divisions.   “This is a pivotal time for the company,” said Robert J. Fisher, during the company’s quarterly earnings call. Fisher, son of the founding family of Gap, was named interim president and CEO earlier this month following the departure of …

Gap’s Q3 income plunges amid falling sales; Old Navy spin-off plans move forwardRead More

Old Navy was neglecting brand marketing, Gap CFO admits

Old Navy’s ad campaign with Neil Patrick Harris. YouTube Gap said this week it has made the mistake of advertising its discounts at the expense of building brand loyalty for Old Navy. It seems to be a trend, as Gap joins several other companies lamenting that they’ve neglected brand marketing in favor of discounts or …

Old Navy was neglecting brand marketing, Gap CFO admitsRead More

Spin-off of Old Navy in doubt amid sudden departure of Gap CEO

Get great content like this right in your inbox. Subscribe The very abrupt ouster of Gap Inc. CEO Art Peck has raised questions about the company’s future plans. On Thursday, Gap said that Peck, who joined the company in 2005 and was tapped as CEO in 2015 after serving as Gap’s digital chief, was being …

Spin-off of Old Navy in doubt amid sudden departure of Gap CEORead More

Gap’s Old Navy spinoff plans in doubt with CEO Art Peck out

Traffic passes by an Old Navy and GAP stores in Times Square, March 1, 2019 in New York City. Drew Angerer | Getty Images Gap Inc.‘s plans to spin off its once-star Old Navy brand are being called into question with the ouster of CEO Art Peck. The San Francisco-based apparel retailer announced Thursday evening …

Gap’s Old Navy spinoff plans in doubt with CEO Art Peck outRead More

Old Navy stores to go round-the-clock as holiday competition heats ups

Old Navy will offer round-the-clock shopping for 32 hours with 50% off starting on Thanksgiving Day. The apparel retailer will kick off holiday sales even earlier. Old Navy stores will have extended hours on Nov. 27, the day before Thanksgiving, opening at 8 a.m. and closing at 10 p.m. On Thanksgiving, Nov. 28, stores will …

Old Navy stores to go round-the-clock as holiday competition heats upsRead More

Wegmans grocery store opens in Brooklyn Navy Yard

A customer pushes a shopping cart outside of a Wegmans Food Markets Inc. supermarket in in Montvale, New Jersey, U.S., on Tuesday, Oct. 2, 2018. Bloomberg | Bloomberg | Getty Images Are big cities craving more than just big business? Wegmans Food Market, a family-owned regional chain with a significant cult following, has moved into …

Wegmans grocery store opens in Brooklyn Navy YardRead More