Gap sees Old Navy topping $10B, Athleta over $1B net sales 'in next few years'
Gap said it expects Old Navy to exceed $10B and Athleta to exceed $1B in net sales in the "next few years," driven by growth in online and mobile channels, U.S. store expansion, and continued market share leadership in loyalty categories. "Over the past two years, we've made significant progress evolving how we operate - starting with getting great product into the hands of our customers, more consistently and faster than ever before. With much of this foundation in place, we're now shifting our focus to growth. We will leverage our iconic brands and significant scale to deliver growth by shifting to where our customers are shopping - online, value and active," said Gap CEO Art Peck.