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Gap shares jump 9% after company names new Old Navy CEO to revive struggling brand
2+ week, 3+ day ago (823+ words) Gap on Thursday announced a new CEO for its Old Navy banner, effective Nov. 2, as the retailer tries to reinvigorate sluggish sales performance at the brand. Michael Francis, who was appointed the chief customer officer at Old Navy in May,…...
Labubu maker Pop Mart shares fall as key ex-China sales data drop, Citi cuts price target
3+ week, 3+ day ago (175+ words) Shares of Pop Mart fell over 4% in Hong Kong on Friday after the Labubu maker reported first-half results that showed declining sales in Asia-Pacific and the Americas. For the period ended in June 30, the toy maker reported a 23.8% year-over-year rise…...