Gap Soars On Old Navy CEO Shake-Up As Jefferies Sees "New Catalyst" For Stock
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Source: Zero Hedge
Published: 2026-08-28 22:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Military & Defence, Economy & Finance, Financial Markets, Business & Economy, War & Conflict
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Snippet:
Shares of major U.S. clothing retailer Gap, whose brands include Old Navy, Banana Republic and others, jumped the most in 16 months in premarket trading after the company reported stronger-than-expected profit and upgraded its earnings outlook. The company also named retail veteran Michael Francis as Old Navy's next CEO.
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