Gap Inc. names Michael Francis president of Old Navy
He succeeds Haio Barbeito, who transitions to an advisory role following years of operational leadership that boosted brand revenue.
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American apparel and accessories retail company
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In short: Gap Inc. delivered strong Q2 results, raised its FY2026 outlook, and advanced entertainment-led growth amid Old Navy's struggles.
He succeeds Haio Barbeito, who transitions to an advisory role following years of operational leadership that boosted brand revenue.
The retailer exceeded profit expectations and raised its full-year earnings outlook while returning $726 million to shareholders through dividends and buybacks.
The dividend is payable on or after October 28, 2026, to shareholders of record by October 7, 2026.
The partnership will bring Gap, Banana Republic and Athleta to the GCC via phased omnichannel rollout, starting with online launches in UAE, Saudi Arabia and Kuwait, followed by stores.
Gap CEO Richard Dickson said Old Navy has diagnosed seasonal product issues and improved its...
GAP's 41.4% adjusted gross margin rises year over year, but Old Navy investments, fuel costs and occupancy deleverage can pressure second-half gains.
On September 09, 2026, Gap Inc (GAP) shares fell by 4.6%, bringing the current price down to $21.36....
Gap Inc has posted second quarter net sales of US$3.65 billion, down 2 per cent on last year, with the Gap brand itself the sole...
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