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Gap shares jump after Old Navy brings in new CEO to revive brand
Source: reuters.com
Consumer Demand & RetailCompany FundamentalsManagement & GovernanceCorporate Guidance & Outlook
Gap shares rose ~14% premarket after naming industry veteran Michael Francis as CEO of Old Navy. The change is intended to reinvigorate the Old Navy brand amid a challenging consumer spending environment, supporting a positive near-term sentiment despite broader demand headwinds.
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