GAP BRAND PRESIDENT JEFF KIRWAN LEAVES COMPANY
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OLD NAVY HELPS GAP POST GAINS FOR FIRST QUARTER
The global retailer also reported that net sales were essentially flat, while comparable sales showed a 2 percent increase.
Read MoreGAP APPOINTS NEW GLOBAL HEAD OF BANANA REPUBLIC
Gap Inc. CEO Art Peck will continue to directly oversee Banana Republic until the newly appointed leader joins the company in early May.
Read MoreGAP SEES SIGNS OF IMPROVEMENT IN FOURTH QUARTER
The company’s fourth quarter fiscal year 2016 comparable sales were up 2 percent compared with a decline of 7 percent last year.
Read MoreRETAILERS REACT TO MEETING WITH PRESIDENT TRUMP ON BORDER ADJUSTM...
Leading retailers, including J.C. Penney’s Marvin Ellison and Gap’s Art Peck, met with President Trump over concerns about the Republican-proposed tax, which could lead to increased costs on apparel products and possible job cuts.
Read MoreGAP SEES SLIGHT INCREASE IN SALES FOR FOURTH QUARTER
Net sales for the quarter increased by 1 percent to $4.43 billion compared with $4.39 billion for the fourth quarter last year.
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