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Syngal was seen as a potential savior for Gap when she took over as CEO in March 2020 from interim CEO and board member Robert Fisher, who in turn had stepped in for ousted chief executive Art Peck.
Here's how Gap performed on its earnings day: The earning rundown. Net sales: +1% year over year to $4.3 billion vs. $4.21 billion estimate Comparable sales: Old Navy: +2% compared to -7% last ...
Since 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old ...
Gap's shares were down 21% under Syngal's CEO tenure compared to a 43% rise in the S&P 500. No permanent CEO at the Gap yet. Likely inventory bulge exiting the lackluster second quarter of sales.
The news comes shortly after another major executive shift for the company in April, when Nancy Green stepped down from her role as president and CEO of Old Navy. Gap Inc. CEO Sonia Syngal to Step ...
Robert Joseph "Bob" Fisher (born August 26, 1954) is an American businessman who is the current chairman of Gap Inc. and has been a director since 1990; he was previously chairman of the board (2004–2007) and interim chief executive officer. [1] The son of Gap Inc. co-founders Donald Fisher and Doris F. Fisher, he has been involved with the ...
Sonia Syngal, CEO, Gap Inc. Syngal was born to Sushma and Satya Syngal in India, before her family moved to Canada at a young age. She later moved to the United States where she got her bachelor's degree in Mechanical Engineering from Kettering University in 1993.
Since taking the helm in 2015, Peck has tried to re-energize sales at the Gap brand, once a trend setter with its casual logo emblazoned hoodies and Khaki cargos, but it has recently struggled to ...