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Article: Gap sees Old Navy evolving into its biggest division; company exec details growth plans for unit at Monday conference. (Gap Inc senior VP-finance Warren Hashagen)
- Article from:
- Daily News Record
- Article date:
- October 4, 1994
- Author:
CopyrightCOPYRIGHT 1994 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Old Navy can become the largest division of the Gap, Inc., by the end of the decade, Warren Hashagen, senior vice-president of finance, told a Robertson Stephens & Co. Consumer Conference here Monday morning.
Old Navy, whose basics-oriented merchandise is more moderately priced than that in the Gap stores, currently operates 28 units. A total of 45 are expected to be open by the end of this year, and in 1995, the company expects to add between 50 and 100 Old Navy stores, Hashagen said.
"It's a major growth vehicle for us and we're very excited about the potential," he told attendees. If the rollout of the concept is as successful as ...
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Article: The Gap maps plans to make Old Navy $2B division by 2000.
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October 4, 1994 ;
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... ... about the potential," Hashagen said. One source said the reason Gap expects big things from ... company's flagship Gap stores, Hashagen said that the stores ... moderate customer than the Gap. At this point, Hashagen said, there have been ...
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