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HomeLifestyle NewsGap’s Quarterly Sales Beat on Strong Demand for Old Navy, Namesake Brands

Gap’s Quarterly Sales Beat on Strong Demand for Old Navy, Namesake Brands

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Gap kept its annual forecasts intact after beating Wall Street expectations for first-quarter sales on Thursday as more customers shopped for its Old Navy and namesake brands following a style refresh over the past few quarters.

Under CEO Richard Dickson, the company has stabilised sales by implementing initiatives such as remodelling of Gap stores and bringing in trendy clothing.

Gap has taken steps including partnerships with actor Parker Posey of the White Lotus TV series and Disney…

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