Gap is no longer spinning off Old Navy, sending shares higherThe apparel maker also announced that Neil Fiske, president and CEO of the Gap brand, is departing. Gap Inc. has called off plans to split Old Navy into a separate public...cnbc.com
Gap is in trouble; spinning off Old Navy up in the airPerhaps more troubling, Gap said that sales at Old Navy stores open at least a year slipped 4% during its most recent quarter compared with the same period a year earlier...
Gap shares tumble after CEO Art Peck steps down and retailer issues weak forecastGap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders' son temporari...cnbc.com
