In a move to “reinvigorate” the brand, Posen will also step in as Chief Creative Officer of Old Navy
Specialty retailer’s four brands all report lower sales
Apparel retailer mum on specifics of the decision
Strategic discounting grows Banana Republic's sales to $539 million
The company also named Horacio “Haio” Barbeito the new leader of its Old Navy brand
The company was ruled against twice after suing its landlord to break lease agreements for its Times Square locations
Executives said the company overestimated demand for its plus-size line
Gap’s value brand also cuts its sales expectations
The company launched its “Bodequality” effort Wednesday
