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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 9 sources · 5 days · First seen · Last updated

Old Navy leadership change and retail expansion

Overview

Old Navy is undergoing a strategic expansion and leadership transition. The retailer is rolling out a nationwide beauty offering, moving from a pilot program to a grab-and-go format in approximately 1,000 locations by late September. This collection includes a private-label bath and body line alongside third-party brands like e.l.f. Cosmetics and Neutrogena.

Simultaneously, Gap Inc. announced that Michael Francis, the former chief customer officer, will succeed Haio Barbeito as Old Navy’s president and CEO. This leadership change follows a fiscal second-quarter report showing a 4% year-over-year decline in net sales to $2.1 billion. The appointment of Francis is intended to prioritize customer insight and the in-store experience as the brand seeks to address declining sales and improve merchandise execution.

Entities

Old Navy · Michael Francis · Richard Dickson · Gap Inc. · Haio Barbeito

Timeline

  1. 12 days ago

    [BUSINESS] 2 sources
    Old Navy appoints Michael Francis as new president and CEO

    Old Navy has named Michael Francis as its new president and CEO to lead a brand reset amid declining sales and pressure to improve product offerings.

  2. 17 days ago

    [BUSINESS] 7 sources
    Old Navy expands beauty offerings and appoints new CEO

    Old Navy is launching a nationwide beauty rollout across 1,000 locations and has appointed Michael Francis as its new CEO following a decline in quarterly sales.

Sources

access-ability.uk · bitcoinethereumnews.com · insideretail.com.au · it-boltwise.de · monacoinsider.com · newsable.asianetnews.com · npinvestor.dk · sbctv.gr · sgbonline.com