Hints and tips:
...Gap shares chalked up a historic one-day jump on Friday, rising more than 30 per cent after the US retailer beat earnings expectations thanks to sales growth at its Old Navy business....
...As the stepmother of a seven-year-old girl whom I have helped raise since the age of two, I have to agree....
...He is dressed in a navy Prada overcoat despite it being an exceptionally humid afternoon....
...I did that with three companies – Old Navy, Gap and Banana Republic... But it was never like what J Crew became or what I think we’re going to be here.”...
...Some commenters find it phoney; others want the old “bombshell” Victoria’s Secret back, and others are excited to see the brand finally celebrate a wider range of women....
...Gap’s margins took a hit in large part because of heavy discounting at Old Navy. Curiously, Gap is trading on a punchy 23 times forward earnings....
...Old Navy, the company’s brand for lower-income shoppers, reported a 13 per cent decline in net sales to $2.1bn....
...The retailer, which also owns Old Navy, Banana Republic and athleisure brand Athleta, struggled in its second quarter and reported excess inventory and pressure on its profit margin....
...American Apparel emerged supreme as the Stanley knife of the scene. Every single person I knew had something from there and yet we never looked the same....
...The company also said Horacio Barbeito, another former Walmart executive, would lead Old Navy....
...The apparel retailer said that Sonia Syngal, who took over as chief executive in March 2020 after previously leading the company’s Old Navy business, was quitting with immediate effect....
...The apparel retailer said Sonia Syngal, who became CEO in March 2020 after previously leading the company’s Old Navy business, was stepping down from her position effective immediately....
...But the bulk of this was driven by its value priced brand Old Navy and athleisure label Athleta....
...But the bulk was driven by the value brand Old Navy and the athleisure label Athleta. Both have been a bright spot amid the broader shift to cheaper, more casual clothing....
...The 66-year-old is fighting against market momentum and trying to halt huge losses and outflows....
...“It felt a bit old, and I felt it had lost a bit of its luxury positioning,” says Basmajian, recalling his time at No 1 over the phone....
...Prime Minister António Costa appointed the 60-year-old admiral to head the vaccination task force in February after its former leader, Francisco Ramos, a health administrator, quit two months into the job...
...I also like GoFluo’s reflective gilets (€89.95) – navy or green reversible means high-vis becomes low-key....
...Navy as well as the eponymous chain, said the suspension of rent payments for stores that have been closed was saving the company $115m per month in North America....
...I must confess, however, that because of my own small stock and my lockdown boredom, I have been making masks out of old American Apparel T-shirts and an endless supply of ribbon I bought for a Taipei Pride...
...Store closures during lockdowns and the subsequent fall in demand are likely to weigh on Old Navy-owner Gap and teen apparel retailer Abercrombie & Fitch when they report on Thursday....
...His exit also puts in doubt the company’s plans to spin-off the better performing Old Navy brand next year....
...“I lived in 20 countries before I got here,” said the designer, who picked up the coveted prize for emerging talent at this year’s CFDA awards for his now two-year-old label....
...While Gap has made some progress in its effort to slow sliding sales across its retail portfolio — which includes Old Navy and Banana Republic — its eponymous brand has remained challenged, amid changing...
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