Old Navy president plans to leave in fall
SAN FRANCISCO -- Clothing retailer Gap Inc. said Tuesday that Jenny Ming, president of the company's Old Navy stores, plans to leave the company in the fall.
Old Navy president plans to leave in fall
SAN FRANCISCO -- Clothing retailer Gap Inc. said Tuesday that Jenny Ming, president of the company's Old Navy stores, plans to leave the company in the fall.
Ming, who spent 19 years at Gap, has been with Old Navy since it began in 1994, becoming president in 1998.
Her departure comes as Gap fights to reverse a sales slump that has led to declines in "same-store" sales for seven consecutive quarters.
For the month of June, the company reported that its same-store sales worldwide as well as its North American Old Navy division fell 6 percent.
Same-store sales measure results from stores open at least a year and are considered a good gauge of retail health.<
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