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By 2015, Old Navy's yearly sales had reached $6 billion per year in the United States, almost equaling those of Gap Inc.'s Gap and Banana Republic divisions combined. [18] Larsson left the company to join Ralph Lauren in 2015 and was replaced by current President and CEO, Sonia Syngal. [19]
Including both company-owned and franchised stores, as of June 2018, there were Gap, Banana Republic, Athleta, Intermix, or Old Navy stores in 43 countries. [64] In January 2008, Gap signed a deal with Marinopoulos Group to open Gap and Banana Republic stores in Greece, Romania, Bulgaria, Cyprus, and Croatia. [65]
They went on to purchase Banana Republic, a small, two-store mail-order catalogue business; and also founded Old Navy which reached $1 billion in sales in four years. [2] Fisher served as CEO until 1995, chairman of the board until 2004, and as company director and chairman emeritus until his death. [2]
An effort under Dickson’s predecessor, Sonia Syngal, to focus on Old Navy and Athleta, which for years outperformed Gap and Banana Republic, failed to kick start a new cycle of growth; Old Navy ...
Third quarter sales at Old Navy and Banana Republic did, however, come in light versus estimates. A warmer-than-expected winter has been pressuring sales of sweaters and jackets industrywide ...
Gap (GPS) investors should be pretty stoked right now. Shares of the company behind Old Navy, Banana Republic, and its namesake apparel chain have been on fire this year. Gap's stock has climbed ...
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