(Reuters) - Concerns that incoming chief executive Glenn Murphy lacks apparel experience were high in the minds of apparel analysts on Friday. Still, shares of Gap rose nearly 5 percent in afternoon trade, helped by Citigroup raising the company's stock rating to "buy" from "hold."
On Thursday, Gap said it had appointed Murphy, a 45-year-old Canadian who most recently served as CEO of Toronto-based Shoppers Drug Mart to lead the operator of the Gap, Old Navy and Banana Republic clothing chains.
Read more at Reuters.com Business News
On Thursday, Gap said it had appointed Murphy, a 45-year-old Canadian who most recently served as CEO of Toronto-based Shoppers Drug Mart to lead the operator of the Gap, Old Navy and Banana Republic clothing chains.
Read more at Reuters.com Business News
No comments:
Post a Comment