Gap Inc. used to be able to count on Old Navy.
For years the value brand has been overshadowing its older sibling, the namesake Gap banner, essentially by offering similar apparel basics at much lower prices. But recent stumbles seem to have morphed into chronic floundering. Last week, Gap Inc. abruptly announced the departure of Old Navy chief Nancy Green. She was a longtime company executive who led merchandising at Old Navy, then moved on to lead the company’s Athleta brand. In 2019 she returned to Old Navy as chief creative officer, and took over as Old Navy CEO in 2020. Read more at Retail Dive.