Gap Stock Surges After Appointing New Chief Executive for Old Navy
Shares in Gap Inc. rose sharply following the announcement that Old Navy will be led by a new chief executive tasked with revitalizing the struggling retail chain. Financial analysts view the leadership change as a potential catalyst for improved brand performance and shareholder returns.
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Gap shares jump after Old Navy brings in new CEO to revive brand
By Reuters
Read full article →Gap Soars On Old Navy CEO Shake-Up As Jefferies Sees "New Catalyst" For Stock
Gap Soars On Old Navy CEO Shake-Up As Jefferies Sees "New Catalyst" For Stock Shares of major U.S. clothing retailer Gap, whose brands include Old Navy, Banana Republic and others, jumped the most in 16 months in premarket trading after the company reported stronger-than-expected profit and upgraded its earnings outlook. The company also named retail veteran Michael Francis as Old Navy's next CEO. Francis spent 26 years at Target, where he helped engineer the retailer's "cheap c...
By Tyler Durden
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