Old Navy news and archive

Old Navy takes plus size collection to 75 stores

Old Navy announced its plus size collection will be offered in 75 more stores. The stores which do not offer the line will allow customers to order it online in-store, with free shipping. With over 70 sizes and 8 different lengths in its womenswear collection alone, Old Navy claims to have “one of the broadest size ranges in the industry”. The...

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Report

Gap declares third quarter dividend

Gap Inc. has announced that its board of directors authorized a third quarter fiscal year 2018 dividend of 0.2425 dollar per share, payable on or after October 31, 2018 to shareholders of record at the close of business on October 10, 2018. The company offers clothing, accessories, and personal care products for men, women, and children under...

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Business

Gap expands its job program for disadvantaged youth to 53 cities worldwide

Gap Inc has announced plans to expand “This Way Ahead”, an on-the-job training program aimed at 16 to 24 year-olds from low-income households. The company aims to extend the program from 15 to 53 cities in the US, Canada, Japan and UK, until the end of the year. Launched in 2017, the initiative is part of Gap’s plans to make its workforce more...

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RetailFeatured

Want to sell more online? Speed is more important than style

True or false: consumers that love a certain fashion brand will buy items from said brand online, again and again. False, according to a new survey conducted by WGSN. After surveying 15,000 women aged 16 to 39 in the US and UK, the global fashion trend forecaster found out that brand love and purchase frequency online are not correlated. First,...

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Fashion

Old Navy donates 1 million dollars for #GivingTuesday

Old Navy has announced they will be donating 1 million dollars to Boys & Girls Clubs after a successful Black Friday trigger donation campaign. On Black Friday, Old Navy offered customers the opportunity to get cozy while giving back. For every pair of 1 dollar Cozy Socks purchased in-store on Black Friday, Old Navy pledged 1 dollar to Boys &...

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Management |ANALYSIS Featured

Gap Inc’s new strategy: less Gap & Banana Republic, more Old Navy & Athleta

The iconic U.S. apparel group has come to terms with the fact that, in order to prevail in an ever-challenging environment, it needs to shift the focus from namesake brand and upper scale Banana Republic to a more affordable Old Navy and trendy athleisure flagship label Athleta. Earlier this week, the Californian group announced it will be...

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Management |ANALYSIS Featured

Is Gap starting to exit the woods? Analysts cheer stock gain on small October sales drop

A smaller-than-expected drop in the sales during the month of October sent Gap’s stock into a share price rally. In fact, this is the second month in a row that parent group to eponymous brand Gap, Banana Republic and Old Navy posts encouraging results. After releasing its monthly sales update on Monday, The Gap, Inc. (NYSE:GPS) tinted gains of...

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Management |ANALYSIS Featured

Disappointing Banana Republic adds to 27 percent annual drop for Gap’s shares

The Gap Inc. comparable sales fell more than expected in July, dragging the stock a further 4 percent down and adding to the 27 percent the shares have withdrawn since the beginning g of the year. This time, Old Navy´s steady performance wasn´t enough to offset Banana Republic and Gap brands deflating monthly comparable sales. Thus, although the...

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Business |ANALYSIS

Disappointing Banana Republic adds to 27 percent annual drop for Gap’s shares

The Gap Inc. comparable sales fell more than expected in July, dragging the stock a further 4 percent down and adding to the 27 percent the shares have withdrawn since the beginning g of the year. This time, Old Navy´s steady performance wasn´t enough to offset Banana Republic and Gap brands deflating monthly comparable sales. Thus, although the...

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People

Old Navy taps new global president

Old Navy recently just made a new executive change. The American brand has tapped the talents of Sonia Syngal for the position of global president. It hasn’t been the most successful period of time for the brand. In the past couple of months, Old Navy has been declining in sales across the board. However, the new change can be a source of hope...

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Business

Infographic - Can Gap bounce back after becoming fashion's 'basic' brand?

Gap was once seen as the ultimate American brand for fashion basics, but over the years the US retailer has struggled to hold consumer interest as attention for its denim jeans and fleece pullover waned. Now with increasing competition from fast-fashion retailers, Gap's popularity is fading fast and parent company Gap Inc has found itself in...

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Management

Infographic - Can Gap bounce back after becoming fashion's 'basic' brand?

Gap was once seen as the ultimate American brand for fashion basics, but over the years the US retailer has struggled to hold consumer interest as attention for its denim jeans and fleece pullover waned. Now with increasing competition from fast-fashion retailers, Gap's popularity is fading fast and parent company Gap Inc has found itself in...

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