24
+7%
$2,794 $m
Old Navy
Old Navy is preparing to sail abroad with new talent at the helm. Reflecting the brand’s global ambition, former head of global sales at H&M Stefan Larsson is now Old Navy’s brand president; Jill Stanton, former global VP of apparel at Nike, is Old Navy’s creative advisor. First stop: Japan. Parent company Gap Inc. is pushing for international expansion to accelerate growth, setting a goal for international and online sales to make up 30 percent of total revenues by 2013. In the meantime, Old Navy same-store sales rose, reversing the previous year’s decline.