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Old Navy is now biggest driver of growth in Gap Inc brands

Last year, it took in almost US$6 billion in sales in the US and made up 40 per cent of the company's global revenue

Published Mon, May 18, 2015 · 09:50 PM

New York

FOR years, Stefan Larsson was Gap's worst nightmare, as he led H&M's dizzying expansion in the United States with a combination of designer chic and rock-bottom prices.

Three years ago, Gap Inc hired him, and gave him its most challenging brand, Old Navy.

Since his arrival, Mr Larsson has led a striking turnaround at the low-…

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Companies & Markets

Old Navy is now biggest driver of growth in Gap Inc brands

Consumer & Healthcare

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

Japan’s Uniqlo opens Rome store as part of European expansion

Abbott beats quarterly profit estimates on strong medical device sales

Adidas shares surpass two-year high as 'terrace' sneaker trend boosts brand heat

LVMH’s first quarter sales growth slips to 3% on luxury slowdown

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