Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Gap Inc    GPS

GAP INC (GPS)

Delayed Quote. Delayed  - 07/31 04:03:02 pm
36.48 USD   +1.19%
07/31DJPacific Trade Talks End With No Deal -- 2nd Update
07/31DJDairy Dispute Disrupts Pacific Trade Talks -- Update
07/30DJTax Status of Avago-Broadcom Merger Uncertain
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Gap Taps H&M's Larsson To Head Old Navy Brand

04/30/2012 | 05:23pm US/Eastern

Gap Inc. (>> The Gap Inc.) named Stefan Larsson, a 15-year veteran of Swedish retailer H&M Hennes & Mauritz AB (HM-B.SK), to head its Old Navy business.

The appointment comes after former Old Navy chief Tom Wyatt left the discount apparel retailer in February to take a job at a privately held early-childhood education company.

Old Navy Chief Creative Officer Nancy Green, and Tom Sands, its executive vice president of stores and operations, had been running the retailer in the interim while Gap conducted the search for Wyatt's replacement. They will continue to lead the division until Larsson takes the role in October.

Gap shook up its management last year, including a move that ousted its top designer, as part of a turnaround plan.

The company's earnings have been sliding for the past year, although profits have still exceeded guidance lately after several key trend misses in recent years. In North America, the company's Banana Republic stores have outperformed its namesake brand and Old Navy segment lately.

Larsson most recently served as head of global sales for H&M with responsibility for about 2,300 stores. The world's No. 2 fashion chain by revenue behind Spain's Inditex SA, H&M has pursued an aggressive expansion strategy.

Gap shares closed at $28.50 Monday and were unchanged after hours. The stock has climbed 51% over the past three months.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stocks mentioned in the article : The Gap Inc.
React to this article
Latest news on GAP INC
07/31DJPacific Trade Talks End With No Deal -- 2nd Update
07/31DJDairy Dispute Disrupts Pacific Trade Talks -- Update
07/30DJTax Status of Avago-Broadcom Merger Uncertain
07/30DJIRS Declines to Assure Avago Takeover Will Be Tax-Free to Broadcom Holders --..
07/30 GAP : Old Navy Empowers Kids to be #Unlimited with Song & Video Produced in Coll..
07/30 Renault profit surge fails to wow amid pricing slide
07/29DJDANIEL GILBERT : Chevron and Exxon Get the Plaudits, but Some Smaller Drillers F..
07/28 GAP : Recognized by GT Nexus for Supply Chain Innovation
07/28DJSamsung Looks to Bigger Galaxy for Smartphone Star
07/28DJSamsung Looks to Bigger Galaxy S6 in Search for Smartphone Star
Advertisement
Chart
Duration : Period :
Gap Inc Technical Analysis Chart | GPS | US3647601083 | 4-Traders
Income Statement Evolution
More Financials