Old Navy News
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On the heels of Downton Abbey’s success on American television, British retailers are banking on a love of all things English to expand their business in the world’s biggest apparel market.
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Consumers and businesses are treating higher payroll taxes and federal spending cuts as just a speed bump for a U.S. economy poised to accelerate later this year.
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Sales at U.S. retailers probably rose in February for the fourth consecutive month as an improved job market and stronger household finances helped consumers adjust to a higher payroll tax, economists said before a report this week.
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Gap Inc., the biggest U.S. specialty-apparel retailer, rose after posting fourth-quarter profit that topped analysts’ estimates, fueled by its best holiday shopping season in six years.
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Tom Wyatt, president of Gap Inc.’s Old Navy chain, says the best part of shopping at his stores comes when it’s time to leave.
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Gap Inc., the biggest U.S. specialty apparel retailer, named Old Navy executive vice president Tom Sands to replace Mark Breitbard as head of its namesake brand in North America.
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Gap Inc. hired Stefan Larsson, the former head of global sales at Hennes & Mauritz AB, to lead Old Navy as the largest U.S. apparel chain prepares to take the division overseas in July.
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Gap Inc.’s Old Navy, the retailer’s biggest brand, has used 1990s stars from “Beverly Hills 90210” and New Kids on the Block in revamped marketing this year. Its latest addition is the Backstreet Boys.
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Gap Inc., the largest U.S. apparel chain, forecast profit this year that was less than some analysts estimated as sales decline at its Old Navy stores.
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Gap Inc., the largest U.S. apparel chain, said third-quarter profit declined 36 percent as sales dropped at its namesake and Old Navy chains.
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