Gap Inc.’s announcement that it will separate Old Navy from its portfolio of brands to create two independent and publicly traded entities tells a tale of two companies
Gap Inc.’s announcement that it will separate Old Navy from its portfolio of brands to create two independent and publicly traded entities tells a tale of two companies. On one hand, you have Old Navy, Gap Inc.’s darling child, which has continued to deliver growth and profitability, and then you have the rest of the portfolio, a tangled web of troubled but promising brands.
Unfortunately, Old Navy’s success offers a stark contrast to the remainder of Gap Inc., which has struggled for over a decade. And the revenue trend lines of these newly split companies are heading in wildly different directions. Gap and Banana Republic stores have experienced lower foot traffic and seen the cannibalization of customers from competitors as well as Old Navy. This trend has led to stores that are no longer profitable and need to be closed.
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Gap to separate Old Navy brand, close stores; shares soar 25 percentGap Inc will separate its better-performing Old Navy brand and shutter about 230...
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The Gap And Old Navy Are Consciously UncouplingOld Navy And The Gap Are Separating
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Gap is splitting into two companies: Old Navy and everything elseGap Inc. will spin off its better-performing Old Navy brand into a separate public company. Its stock leaped as much as 23%.
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Gap to spin off Old Navy as stand-alone company, stock skyrockets more than 25%Gap Inc. stock surges in the extended session Thursday after the retailer says it will split itself into two publicly traded companies, one consisting of its Old Navy brand and a yet-to-be-named company with its Gap, Athleta, Banana Republic, Intermix, and Hill City brands, as sales at the flagship Gap brand fell 5% globally in the fourth quarter.
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Gap to spin off Old Navy as a stand-alone companyOld Navy’s business model and customer base have diverged from the Gap’s other specialty brands, executive says.
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Gap to spin off Old Navy, close stores - Reuters TVGap Inc., the parent of Gap stores and Old Navy, announced the retailer will shut 50 percent of its name brand outlets and spin-off the money-making Old Navy unit into a separate publicly traded company.
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Gap is soaring after announcing it's spinning off Old NavyGap shares surged late Thursday after the retailer announced it was spinning off its Old Navy unit.
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Old Navy splits off from GapGap Inc announced plans Thursday to create two independent publicly traded companies.
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Gap will split into two publicly traded companies, with Old Navy as a stand-alone; stock surges
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