https://www.live-feeds.com/feed/gap-climbs-after-leadership-change-at-old-navy-profit-forecast-raiseContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/gap-climbs-after-leadership-change-at-old-navy-profit-forecast-raisehttps://www.live-feeds.com/feed/gap-climbs-after-leadership-change-at-old-navy-profit-forecast-raise#u53742Tue, 01 Sep 2026 09:05:24 +0000Gap stock experienced a double-digit increase following the appointment of a new Old Navy CEO and a raised profit forecast. Despite the market optimism, only one of the company's four brands is currently growing, while the other three have either stalled or shrunk. The positive stock movement comes as the company attempts to reverse a period of declining sales and poor summer traffic at Old Navy through management shifts and a revised marketing strategy.Why it mattersOld Navy is a key component of Gap's multi-brand portfolio. The company previously lowered its sales outlook due to we https://www.live-feeds.com/feed/gap-climbs-after-leadership-change-at-old-navy-profit-forecast-raisehttps://www.live-feeds.com/feed/gap-climbs-after-leadership-change-at-old-navy-profit-forecast-raise#u52319Sun, 30 Aug 2026 10:55:21 +0000Gap shares jumped 9% after the company appointed a new CEO for Old Navy and raised its profit forecast. The leadership change follows a period of struggle for the brand, characterized by faltering sales and a summer traffic bust. While the company previously cut its sales outlook due to weakness at Old Navy, the current shift in management and updated financial projections have triggered a positive market response. Old Navy is also currently revising its marketing strategy to address recent performance declines.Why it mattersOld Navy is a key brand under the Gap umbrella. Recent sales declines