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Stock impact report

Old Navy Steadies With CEO Horacio Barbeito at the Helm [Yahoo! Finance]

Gap, Inc. (The) (GPS) 
Last gap, inc. (the) earnings: 3/12 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
“It's been a pretty good run — three consecutive quarters of strong top line and bottom line performance, but really six consecutive quarters of discipline inventory improvement and profit improvement,” Horacio “Haio” Barbeito, the president and chief executive officer of Old Navy , told WWD. “This is not an overnight thing.” More from WWD At Long Last, Gap Inc. Scores Q1 Gains Across All Brands, Raises Forecast Gap Inc. Names Omnicom Its Agency of Record Gap CEO Says Sustainability Requires Team Play Historically the cash cow of Gap Inc. , Old Navy appears to have sufficiently distanced itself from intensive promoting, inventory excess and some botched merchandising. Asked if the family and value-oriented fashion chain has been turned around, Barbeito said, “We are actually in reasserting mode. We're stabilizing the ship. We don't want to claim victory because this is a very dynamic and competitive marketplace. But we have some very good indications in our metrics that the Show less Read more
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