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.
About time!
Interesting
Who still buy OldNavy and Gap
G
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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%. Is there still a gap? KTLA getzyrosas3 Did you know the Old Navy Outlets design (yes, design) their products for the outlet stores? What’s the definition of outlet to you? oldnavy gap retailers retail insidestory
Fonte: latimes - 🏆 11. / 82 Consulte Mais informação »
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.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »
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. Who else had no idea they weren’t stand alone companies
Fonte: washingtonpost - 🏆 95. / 72 Consulte Mais informação »
Gap will split into two publicly traded companies, with Old Navy as a stand-alone; stock surgesWho get's custody of Banana Republic?
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »