https://www.live-feeds.com/feed/gap-shares-jump-9-after-company-names-new-old-navy-ceo-to-revive-struggling-brandContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/gap-shares-jump-9-after-company-names-new-old-navy-ceo-to-revive-struggling-brandhttps://www.live-feeds.com/feed/gap-shares-jump-9-after-company-names-new-old-navy-ceo-to-revive-struggling-brand#u53278Mon, 31 Aug 2026 15:02:37 +0000Gap shares rose as much as 24.1% following the appointment of marketing veteran Michael Francis as CEO of Old Navy. The leadership change aims to reverse declines at the denim brand, which contributed to a 2% drop in Gap Inc. second-quarter fiscal 2026 net sales to $3.65 billion. While the Gap brand achieved double-digit growth, three of the company's four brands either stalled or shrank during the quarter, ending a 10-quarter streak of comparable sales growth.Why it mattersOld Navy is a critical revenue driver for Gap Inc., making its recent sales weakness a primary concern for investors https://www.live-feeds.com/feed/gap-shares-jump-9-after-company-names-new-old-navy-ceo-to-revive-struggling-brandhttps://www.live-feeds.com/feed/gap-shares-jump-9-after-company-names-new-old-navy-ceo-to-revive-struggling-brand#u50843Fri, 28 Aug 2026 11:01:43 +0000Gap Inc. appointed industry veteran Michael Francis as the new CEO of Old Navy to revive the struggling brand. The leadership change follows a larger-than-expected drop in sales and a reduced sales outlook for the division. Despite these weaknesses, Gap reported quarterly profits that exceeded estimates. Investors reacted positively to the appointment, with share prices jumping between 9% and 12% following the announcement on Thursday.Why it mattersOld Navy is a key brand for Gap Inc., but recent performance has been marred by sales weakness. The company is now attempting to reinvigorate the b