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Tag: old navy

Retail Asia21/01/2020
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Fashion

Costs cited as Gap cancels Old Navy spinoff plans

4min0
Gap has nixed plans to spin off its Old Navy subsidiary, saying that after further investigation the costs involved outweighed the benefits. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert Fisher, Gap Inc’s interim president and CEO. “While the objectives of the separation […]
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Retail Asia06/03/2019
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Fashion

Gap spinning off Old Navy business

3min0
Gap plans to spin off and float its Old Navy business, creating two independent publicly traded companies. Old Navy will operate only its own brand, while the as yet unnamed company – dubbed NewCo for now – will own the Gap brand, Athleta, Banana Republic, Intermix and Hill City. “It is clear that Old Navy’s […]
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Retail Asia22/11/2018
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Fashion

GAP sales report slumps in Q3

4min0
Gap brand sales fell 7 per cent globally in the last quarter as the US apparel retailer fails to re-engage consumers. However Gap Inc increased its overall sales by 6.5 per cent to US$4.09 billion on the back of solid growth in its Old Navy business and a modest 2 per cent improvement of the […]
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Retail Asia20/11/2018
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Fashion

Why you should adopt more diverse influencers?

14min0
Diversity, or lack thereof, is at the forefront of fashion industry discussions, with runways and advertising campaigns constantly—and rightly—scrutinised. Less has been said about diversity among prominent influencers, the new drivers of sales who are celebrated for their authenticity and ability to connect with customers. Thin, light-skinned women aren’t the only clothing shoppers, so why […]
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Retail Asia28/05/2018
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Fashion

Old Navy Drives Growth for Gap in First Quarter

3min0
The tried-and-true formula of trendy casual wear at a bargain price was the right formula for Old Navy, a division of Gap Inc. In its first-quarter earnings report for the period ending May 5, Gap Inc. said that Old Navy’s same-store sales were up 3 percent, but that was still off from the same period last year when Old […]
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Retail Asia26/04/2018
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Fashion

Gap watching Old Navy for growth

2min0
Gap is ramping up its roll-out of Old Navy stores as the budget brand drives growth for the embattled US apparel giant. Gap Inc says it will open 60 new stores this year in the US, Canada and Mexico – twice the number of new stores it opened last year. It will refurbish a further […]
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Retail Asia20/11/2017
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Fashion

Gap results to be saved by Old Navy

5min0
At headline level, the latest Gap Inc results are not too bad. Overall revenue rose by 1.1 per cent, a respectable increase that is some way above that posted over the last two quarters. Net income also increased by 12.3 per cent compared to the previous year. Unfortunately, behind the headline, it is the same […]
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Retail Asia08/09/2017
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Fashion

Old Navy Vietnam opens second store

2min0
Old Navy Vietnam has opened its first store in Hanoi, three months after its debut in the country. The 655sqm store is located in Vincom Nguyen Chi Thanh and offers collections for men, women, kids and babies. Melissa Fehlman, GM of Old Navy Vietnam, said the brand aims to open more stores throughout Vietnam in coming years, […]
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Retail Asia05/09/2016
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Fashion

RSH launching Old Navy in Malaysia with KL store

2min0
With distributor RSH, fashion label Old Navy will open its first store in Malaysia at the end of this month. RSH regional marketing and communications manager Roy Lan says the brand will launch a “robust” integrated campaign to raise awareness among consumers of the arrival of Old Navy in Malaysia. Its store will be in […]
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Retail Asia25/08/2016
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Fashion

Old Navy Opening Doors At First Store in Malaysia

3min0
Global apparel brand Old Navy announced today that it is opening its first store in Malaysia at 1 Utama Shopping Center, the fifth largest mall in the world, which is located in the heart of MSC Malaysia Cybercentre Township Bandar Utama. Old Navy makes current American fashion essentials accessible for every family, with a focus on […]
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Retail Asia23/08/2016
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Fashion

What lies behind the Gap sales decline

5min0
That the overall pace of the Gap sales decline has moderated since both last quarter and last year is the only – very small – crumb of comfort for Gap Inc in its latest set of results. Gap last week reported a profit of US$125 million for the quarter, down from $219 million a year […]
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Retail Asia27/05/2016
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Fashion

Gap Japan to axe Old Navy

6min0
Gap Japan will close its 53 Old Navy stores as its parent narrows its focus in Asia. But CEO Art Peck says the company “remains committed” to growing its brands in regions where it has a structural advantage. The relatively down-market Old Navy brand will focus on the Mainland China market and the Gap brand […]
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Retail Asia02/05/2016
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Fashion

Old Navy Indonesia makes debut

2min0
American apparel and accessories brand Old Navy Indonesia has opened its first retail outlet at the Central Park Mall in west Jakarta. Offering American-style basic clothing items, Old Navy is part of the Gap portfolio alongside Athleta, Banana Republic and Intermix. The brand has more than 700 stores and shops-in-shop in 11 countries, including the Philippines. […]
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