×
98 916
Fashion Jobs
MACY'S
Asset Protection Detective, Bridgewater Commons - Full Time
Permanent · Bridgewater Township
MACY'S
Asset Protection Security Guard, Presidential Markets - Full Time
Permanent · Snellville
MACY'S
Asset Protection Detective, Santa Ana Mainplace - Part Time
Permanent · Santa Ana
MACY'S
Asset Protection Detective, Reno Meadowwood - Full Time
Permanent · Reno
MACY'S
Asset Protection Detective, Topanga - Part Time
Permanent · Los Angeles
BLOOMINGDALE'S
Asset Protection Outlet Supervisor, Outlets at Orange - Full Time
Permanent · Orange
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Roosevelt Field - Part Time
Permanent · Garden City
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Palmdale
KOHLS
Full-Time Loss Prevention Officer
Permanent · Pleasant Hill
KOHLS
Human Resources Generalist - Logistics
Permanent · DeSoto
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · West Des Moines
COTY
sr. Manager, Ecommerce Trade Mkting
Permanent · Los Angeles
COTY
Manager, Ecommerce Trade Mkting
Permanent · Los Angeles
COTY
Manager, Ecommerce Independents
Permanent · Los Angeles
GAP
Design Director - Women's Concept
Permanent · New York
SALLY BEAUTY CORPORATE
Warehouse Supervisor
Permanent · Justin
MARSHALLS
lp Detective
Permanent · Durham
KOHLS
Full-Time Loss Prevention Officer
Permanent · Elk Grove
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Huntsville
NORDSTROM
Asset Protection - Agent - Winter Park Square Rack
Permanent · Winter Park
NORDSTROM
Asset Protection - Agent - Millennia Crossing Rack
Permanent · Orlando
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Daytona Beach
Published
Oct 2, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

CEO changes at Ralph Lauren and Gap affect respective stocks

Published
Oct 2, 2015

At 4:30 pm on Tuesday, Ralph Lauren announced what the fashion industry knew at some point was inevitable, but wasn’t exactly ready for. He announced that he would step down as CEO of his namesake company. Stefan Larsson, the global president of Old Navy at Gap Inc., was named as Lauren’s successor effective in November, and almost immediately the Ralph Lauren and Gap stocks were affected.
 

Ralph Lauren, left, with his successor, Stefan Larsson


After the announcement, on Wednesday Ralph Lauren stocks jumped 12.2% to $118.16, the biggest gain in 9 years according to Bloomberg, and the Gap Inc. stock dropped 6.3%.
 
“This is disappointing news for Gap,” stated a research note from Stifel analysts to MarketWatch, "as Larsson’s successful leadership at Old Navy has helped the division grow rapidly, increasing sales over $1 billion in the last three years.”

Old Navy has been the strongest performer for Gap Inc. most recently pulling in sales of $1.67 billion for the company in the second quarter of this year. Larsson, who has served for Old Navy since 2012, is credited for increasing the Old Navy business. He will officially part ways with the company on October 2.
 
Old Navy is not in hot water just yet, however. Jill Stanton, Old Navy’s global product chief who has been with the company since 2012, was named Larsson’s successor in the interim. According to CNN, she is deserving of just as much credit as Larsson for the success of the Old Navy business.
 
On Ralph Lauren’s side of things, shareholders seem very pleased with the decision to appoint new blood to such a coveted position. Larsson has more experience with affordable brands, having served at H&M before Old Navy, but time will tell if his business savvy will translate to luxury.

Copyright © 2021 FashionNetwork.com All rights reserved.