Latest news with #OldNavy
Yahoo
4 hours ago
- Business
- Yahoo
Athleta's CEO is out and being replaced by a woman with a long track record at Nike
Only six years ago, Gap Inc was telling investors that its Athleta yoga clothing brand was on its way to becoming a $2 billion-a-year brand as it attracted legions of fans drawn to its high quality, hip activewear that was less expensive than that of Lululemon Athletica. But that was two CEOs ago. Gap Inc, which also owns Old Navy and Banana Republic, said on Tuesday that it was replacing Athleta CEO Chris Blakeslee, tapping Maggie Gauger, a 20-year veteran of Nike, to try her hand at re-invigorating a brand that had once been seen as a key motor for Gap Inc's growth despite being smaller than its sister brands. The once high-flying brand has faltered since sales peaked at $1.45 billion four years ago. Last year, the business's sales came in at $1.353 billion, roughly on par with the year before, and then declined sharply in the first quarter of the current fiscal year. Gauger's appointment marks a return to having a woman CEO at the helm of a brand known for its 'Power of She' slogan and being a label for women and girls and empowering them in the world of sports. 'Maggie blends proven business transformation capabilities, deep consumer centricity, product fluency, and a heartfelt commitment to empowering women and girls,' said Gap Inc CEO Richard Dickson, who has been leading a company wide turnaround for two years now, in a statement. When Blakeslee's appointment, made before Dickson became chief executive, was announced exactly two years ago, there was palpable excitement and the perception that landing him was a coup. After all, Blakeslee had come from Athleta rival Alo Yoga and Bella+Canvas, where he had doubled sales to $1 billion in just a few years. What's more, Alo was, and still is, generating a ton of buzz and challenging the supremacy of long time category leaders like Lululemon. But Blakeslee, who had inherited a brand dealing with a spate of product flops and an athleisure-wear trend that was peaking, was unable to generate the same heat at Athleta. (He replaced Mary Beth Laughton, now CEO of REI, in 2023 a few months after she left in the wake of what Gap Inc's former interim CEO Bob Martin called ongoing 'product acceptance challenges.') After stanching the bleeding in 2024, Athleta's declines resumed this year. The 8% drop in comparable sales in the first quarter reported in May at Athleta may well have sealed Blakeslee's fate. 'Work is being done to reset the brand and improve product and marketing which will take time,' Gap Inc said tersely in its earnings report in May. So it will be up to Gauger, whose last job at Nike was leading its North America women's business, to address slow innovation, to renew a focus on the performance aspect of its clothing that had become more focused on chasing fashion trends, alienating long time loyalists in the process, and make clearer to consumers how Athleta is different in a very crowded segment in North American where even Lululemon has seen growth cool. At Nike, Gauger focused on generating growth and customer loyalty for Nike's active and athleisure products. 'I'm energized to bring my experience working at the intersection of sport, style and culture to Athleta, a brand with strong purpose and still so much untapped potential,' said Maggie Gauger. Since Dickson's arrival, Gap's namesake brand and Old Navy have seen their fortunes improve, helped by a quicker cadence of innovation and a bigger effort to connect the brands to the broader culture. So it's not surprising that Dickson would want someone of his choosing to do the same for the Athleta brand. This story was originally featured on
Yahoo
21 hours ago
- Business
- Yahoo
Q1 Earnings Outperformers: Gap (NYSE:GAP) And The Rest Of The Apparel Retailer Stocks
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at apparel retailer stocks, starting with Gap (NYSE:GAP). Apparel sales are not driven so much by personal needs but by seasons, trends, and innovation, and over the last few decades, the category has shifted meaningfully online. Retailers that once only had brick-and-mortar stores are responding with omnichannel presences. The online shopping experience continues to improve and retail foot traffic in places like shopping malls continues to stall, so the evolution of clothing sellers marches on. The 9 apparel retailer stocks we track reported a mixed Q1. As a group, revenues beat analysts' consensus estimates by 0.8% while next quarter's revenue guidance was in line. While some apparel retailer stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.1% since the latest earnings results. Gap (NYSE:GAP) Operating under the Gap, Old Navy, Banana Republic, and Athleta brands, Gap (NYSE:GAP) is an apparel and accessories retailer selling casual clothing to men, women, and children. Gap reported revenues of $3.46 billion, up 2.2% year on year. This print exceeded analysts' expectations by 1.3%. Overall, it was a very strong quarter for the company with a solid beat of analysts' EBITDA estimates and a decent beat of analysts' EPS estimates. "Gap Inc. delivered strong first quarter results, exceeding financial expectations and gaining market share for the 9th consecutive quarter," said President and Chief Executive Officer, Richard Dickson. Unsurprisingly, the stock is down 28.8% since reporting and currently trades at $19.89. Is now the time to buy Gap? Access our full analysis of the earnings results here, it's free. Best Q1: Urban Outfitters (NASDAQ:URBN) Founded as a purveyor of vintage items, Urban Outfitters (NASDAQ:URBN) now largely sells new apparel and accessories to teens and young adults seeking on-trend fashion. Urban Outfitters reported revenues of $1.33 billion, up 10.7% year on year, outperforming analysts' expectations by 2.5%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Urban Outfitters achieved the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 27.6% since reporting. It currently trades at $76.06. Is now the time to buy Urban Outfitters? Access our full analysis of the earnings results here, it's free. Weakest Q1: American Eagle (NYSE:AEO) With a heavy focus on denim, American Eagle Outfitters (NYSE:AEO) is a specialty retailer offering an assortment of apparel and accessories to young adults. American Eagle reported revenues of $1.09 billion, down 4.7% year on year, in line with analysts' expectations. It was a softer quarter as it posted a significant miss of analysts' EBITDA estimates and a significant miss of analysts' EPS estimates. Interestingly, the stock is up 3.2% since the results and currently trades at $11.54. Read our full analysis of American Eagle's results here. Victoria's Secret (NYSE:VSCO) Spun off from L Brands in 2020, Victoria's Secret (NYSE:VSCO) is an intimate clothing and beauty retailer that sells its own brands of lingerie, undergarments, and personal fragrances. Victoria's Secret reported revenues of $1.35 billion, flat year on year. This print surpassed analysts' expectations by 0.8%. Zooming out, it was a satisfactory quarter as it also logged a solid beat of analysts' EPS estimates but a significant miss of analysts' gross margin estimates. Victoria's Secret scored the highest full-year guidance raise among its peers. The stock is down 10.2% since reporting and currently trades at $19.94. Read our full, actionable report on Victoria's Secret here, it's free. Torrid (NYSE:CURV) Promoting a message of body positivity and inclusiveness, Torrid Holdings (NYSE:CURV) is a plus-size women's apparel and accessories retailer. Torrid reported revenues of $266 million, down 4.9% year on year. This number came in 1.6% below analysts' expectations. Overall, it was a slower quarter as it also produced a significant miss of analysts' gross margin estimates and EBITDA guidance for next quarter missing analysts' expectations significantly. Torrid had the weakest performance against analyst estimates and weakest full-year guidance update among its peers. The stock is down 47.5% since reporting and currently trades at $2.62. Read our full, actionable report on Torrid here, it's free. Market Update In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
6 days ago
- Axios
Purple martins return to Houston
Purple martins are back in Houston for their fall migration, again gracing some Houston-area shopping centers with their sunset nature show. Why it matters: Each summer, the swallows spend time in the Houston area as they prepare to migrate to South America. Flocks of bird enthusiasts regularly gather to watch their swirling dance in the sky before the birds settle into their roost at dusk. Driving the news: Houston Audubon hosts a few watch parties that draw hundreds of spectators. Educators are on hand to teach about the birds, but anyone can stop by one of the roosting areas on a summer evening to admire the aerial spectacle. The first watch party is outside Old Navy in Stafford at 8:15pm Saturday. Zoom in: In addition to the Stafford shopping center, there's a major roost site by Willowbrook Mall. The birds tend to return to the same general locations each year, though the exact trees might change. They come in around July and remain until September, Christine Wehrli, Houston Audubon's community outreach programs manager, tells Axios. How it works: After a day of feeding on insects, the birds swirl through the sky before settling into the trees for the night. The flocks are so large that live oaks sag under their weight. They usually start trickling in around 8:30pm, just as the sun begins to set. The display typically lasts about 45 minutes. Fun fact: Purple martins prefer roosting in urban areas where predators are scarce — hence their affinity for mall parking lots. 💭 My thought bubble: Every year, I'm in awe of the natural phenomenon and keep bringing new friends to witness the bird magic.
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Travel + Leisure
7 days ago
- Lifestyle
- Travel + Leisure
Fisherman Sandals Are the Surprising Comfy Shoe Trend of the Summer—and We Found 12 Pairs on Sale From Just $18
Living in New York City, I learned the importance of stocking my closet with comfortable walking shoes fairly quickly. After racking up 10,000-plus steps almost daily for nearly the last decade, I feel confident in my ability to identify a reliable pair of sandals from a mile away. So, when I spotted the Everlane Day Fisherman Sandals last summer, I knew they were exactly what my packing lists had been missing, and after over a year of wear, I can confidently say I was correct. With the fisherman sandal trend rapidly becoming one of the most sought-after styles of the season, I embarked on a mission to uncover the best deals on my favorite summer footwear look so you can add a pair to your own suitcase regardless of your budget. Retailers like Old Navy, Dr. Martens, and Melissa have all put unique spins on the design with prices starting as low as $18. Keep reading to find the 12 best deals on the stylish, comfy walking sandals you'll be wearing every day for the rest of the summer. Made with buttery-soft leather straps and shockingly cushy insoles, the Everlane Day Fisherman Sandals are my all-time favorite shoes of this style, and right now they're on sale for an impressive 50 percent off in all four neutral shades. The adjustable straps at the ankles create the perfect fit without causing chafing, and I've worn these shoes during long days at the office and sightseeing excursions—all without ever incurring a single blister. They look great with everything from my favorite midi dress to a simple pair of jean shorts, and after over a year of regular wear, they still look as good as new. If you're looking for an easy slip-on style that still has the classic woven fisherman look to it, these Franco Sarto mules are a no-brainer addition to your shopping cart while they're marked down under $100. Faux leather uppers are well-constructed and sturdy, while low block heels will prove to be easy to walk in and a level-up from more casual footwear options. Rubber outsoles will provide essential grip on slick surfaces while you're out and about exploring your destination, and they even come in black and silver, also on sale for 31 percent off and 40 percent off, respectively. Cole Haan has a reputation for crafting high-quality footwear, so when I spotted a pair of fisherman sandals double-discounted to $83 with the code SUNSHINE, I knew they were a must-have. This iteration of my favorite summer trend sports a thicker, chunkier outsole and gorgeous gold hardware at the straps, putting a more modern twist on the classic look. The woven design atop each shoe is adorned with decorative stitching, while the closed-toe finish makes them wearable with a pair of bright socks even when the weather gets colder. They come in three beautiful shades (ivory, black, and brown), but it's the black pair that's stocked with the best size range. Simply made and perfect for travel, these comfy fisherman sandals will pair well with everything in your suitcase—and they're a whopping 48 percent off in a woven raffia material. This unique take on the trend is suitable for casual or nicer wear and will pair effortlessly with everything in your existing summer wardrobe, and shoppers have even confirmed that 'no breaking in [is] required' since they're 'already soft and cushioned.' Best of all, they're available in a full range of sizes from 5 to 12, including half sizes. Looking to get the fisherman sandal style on a budget? Then you can't go wrong with snatching up the Dream Pairs Fisherman Sandals while they're on sale for just $20. The highly rated sandals boast cushy insoles and grippy outsoles that are well-suited for long days on your feet, and shoppers have revealed that they're 'super comfortable out of the box.' They have a slight heel that makes them suitable for a nice dinner or a day of sightseeing, and they come in seven beautiful colors, including metallic gold and silver. For a more bohemian, beachy take on fisherman sandals, the Jeffrey Campbell Tan Lines Espadrilles Sandals are an unmissable selection at 25 percent off, and they provide a gorgeous pop of color to even your simplest outfits. The outsoles are lined with a braided jute material that's destined for wear at the beach, while satin-lined uppers are luxurious and well-made, while remaining suitable for casual wear. Gone are the days of neutrals with these bright navy sandals packed into your suitcase. Men can get in on the fisherman sandal trend as well, and at a significant markdown since the Dockers Searose Fisherman Sandals are on sale for 44 percent off at Amazon right now. They come in sizes 7 to 15 (even including wide options), and are fitted with memory foam insoles for a supremely comfortable wear experience regardless of what's on your travel agenda. Flexible rubber outsoles bend with your feet without feeling too rigid, and they offer essential traction on a wide variety of surfaces. Marrying sport and style, these sandals are a vacation essential. My Dr. Martens boots are my favorite shoes to travel with during the colder months, so when I saw the top-rated Vegan Blaire Fisherman Sandals went on sale at Amazon for 41 percent off, I knew I needed to add them to my cart before my next trip. The thicker platform design is stylish without being impractical to walk in, and it features the classic yellow stitching and heel tabs as other footwear from the brand. They're an edgier take on the generally dainty fisherman style sandals, plus they're crafted with slip-resistant soles to provide safety and security. They're so popular that more than 200 shoppers have snagged them in the past month. $150 $75 at With chunky outsoles and lightweight, adjustable straps, these eye-catching platform sandals are an easy way to (literally) elevate every outfit, and right now you can snag them for 50 percent off at Nordstrom Rack. The heel height is tall enough to give you a few extra inches without making it difficult to walk, and in fact, one shopper likened them to 'walking on clouds.' Leather straps will only grow softer and more comfortable with every wear, and if you're searching for a durable pair of sandals that won't break down after just one season, these are your perfect match. $69 $49 at It's no secret that jelly shoes are another standout trend of the summer, so this pair of jelly fisherman sandals will be a timely addition to your suitcase while they're on sale for under $50. The classic Melissa Possession Sandals are perhaps one of the most popular jelly shoe options on the market, and this matte pink shade is a standout that will still be easy to style while adding some visual intrigue to any outfit you wear them with. They're fully stocked in sizes ranging from 5 to 13, comfy straight out of the box without any break-in needed, and so lightweight you'll hardly notice them in your suitcase. Did we mention they're bubblegum scented? Another pair of comfy jelly shoes in a more muted color, the Mia Jelly Fisherman Sandals are now marked down by 33 percent at Nordstrom, featuring an easy slip-on design. These retro sandals are a packable vacation pick that's both on-trend and functional, and they're fitted with the woven exterior and adjustable straps that this style is so well-known for. Whether you pair them with flowy linen pants or a flouncy mini dress, these sandals will get plenty of wear on your next vacation—and right now they're just $20. Currently on sale for $18 in a versatile bone color, Old Navy's fisherman sandals are not to be missed with their affordable price tag and comfy design. Faux leather uppers and cushioned footbeds ensure these shoes are both supportive and flexible, and their neutral coloring makes them easy to style with a wide range of outfits. Luckily, shoppers have confirmed the sandals' lasting comfort, with one customer noting that they cause 'no rubbing or pinching on the pinky toes,' while another called them 'great quality at a steal price.' Love a great deal? Sign up for our T+L Recommends newsletter and we'll send you our favorite travel products each week.
Yahoo
20-07-2025
- Entertainment
- Yahoo
Old Navy's 'Elegant' Maxi Dress Looks So Much More Expensive Than It Actually Is
Parade aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Old Navy's 'Elegant' Maxi Dress Looks So Much More Expensive Than It Actually Is originally appeared on Parade. Luxe for less? Sign me up. Old Navy recently started selling a line of special occasion pieces, and each one looks so much more expensive than it actually is. From chic skirts to adorable dresses, Old Navy's The Occasion has you covered for your next big outing. 🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 The Occasion by Old Navy Flutter-Sleeve Satin Maxi Dress in Bare Ground Tonal Dots, $28 at Old Navy One item from the line is particularly beautiful, and that is Old Navy's Flutter-Sleeve Satin Maxi Dress. It comes in inclusive regular sizing, ranging from XS to 4X. It also is available in tall and petite sizes that go from XS to XXL. There are also three different colors to choose from: bare ground, black floral and dusk maxi dress features a gorgeous deep v-neck and dainty flutter sleeves. It also has a comfort elastic at the back's center. This would be great to wear to weddings, graduations, parties or any other dressed-up event you have on your calendar. Shoppers are loving the flutter-sleeve satin maxi dress for its flattering cut, comfort and material. "This dress is perfectly cut! I never look good in a dress, but always want to wear them. Satin is a general "no" for my plus size frame, but this floral, bias cut maxi is a stunner! It gently skims my shape, enhancing all the good parts, and camouflaging my amble abdomen. Total love!" exclaimed one shopper in a five-star rating review. "Love this dress! I previously bought it in the solid navy and received many compliments! Just perfect dress to wear to a shower, summer evening outing, etc! Fits true to size," said another shopper in a five-star rating review of the maxi Navy's 'Elegant' Maxi Dress Looks So Much More Expensive Than It Actually Is first appeared on Parade on Jul 20, 2025 This story was originally reported by Parade on Jul 20, 2025, where it first appeared.
