https://www.live-feeds.com/feed/gap-stock-jumps-after-naming-retail-veteran-to-helm-old-navyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/gap-stock-jumps-after-naming-retail-veteran-to-helm-old-navyhttps://www.live-feeds.com/feed/gap-stock-jumps-after-naming-retail-veteran-to-helm-old-navy#u54446Wed, 02 Sep 2026 06:05:20 +0000Gap shares rose up to 24.1% after appointing retail veteran Michael Francis as CEO of Old Navy, aiming to revive the struggling brand. Old Navy experienced a larger-than-expected drop in sales, while Gap Inc. raised its annual profit forecast due to the strength of its namesake brand.Why it mattersThe leadership change at Old Navy comes as Gap Inc. faces challenges in reviving its brands. The company's overall sales slipped in the second quarter, but it reported a second-quarter earnings beat. The appointment of Michael Francis is seen as a move to revitalize Old Navy.What is confirmedGap https://www.live-feeds.com/feed/gap-stock-jumps-after-naming-retail-veteran-to-helm-old-navyhttps://www.live-feeds.com/feed/gap-stock-jumps-after-naming-retail-veteran-to-helm-old-navy#u51552Sat, 29 Aug 2026 09:06:17 +0000Gap shares rose as much as 24.1% to a four-month high following the appointment of retail veteran Michael Francis as CEO of Old Navy. The leadership change aims to revive the struggling brand after Old Navy experienced a larger-than-expected drop in sales. While Gap Inc. overall saw sales slip in the second quarter, the company raised its annual profit forecast due to the strength of its namesake brand and a second-quarter earnings beat.Why it mattersOld Navy is a critical component of Gap Inc.'s portfolio, but recent weakness there forced the company to cut its sales outlook. The retaile