Gap’s stock slid by 6.3% after CEO Sonia Syngal, who has been in her job for a couple of years, resigned. The former CEO will be replaced by executive chairman and former Walmart executive Bob Martin. The price of Gap stock traded at $8.4 per share following the resignation that …
Read More »Gap shares drop as amid confusing retail earnings
Gap dramatically slashed its profit outlook for 2022. Gap, on Thursday, slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell around 13% after hours, after closing the day up 4%.Gap swung …
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