Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Flash Reports 3 minutes

Gap Scraps Old Navy Spin-Off; Moderately Raises Its Fiscal 2019 Outlook

#
Coresight Research

Key Points

On January 16, 2020, Gap Inc. announced that it had canceled its plans to spin off the Old Navy business.

  • Gap cited investors’ concerns regarding the complexity of the Old Navy separation, cash outlay to split the brands and softer business performance, particularly at Old Navy.
  • The company raised its fiscal year 2019 outlook moderately, owing to better-than-expected promotional levels over the holiday period.
  • Gap also announced the departure of Neil Friske, President and CEO of the Gap brand.

Please Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×
Do NOT follow this link or you will be banned from the site!

GET OUR DAILY INSIGHTS