He helped pioneer ‘cheap chic’ at Target in the 2000s. Can he do the same for Old Navy?

Apparel retailer Old Navy is being thrown another lifeline. On Thursday, August 27, parent company Gap Inc. announced Michael Francis as president and CEO of Old Navy. Francis is relatively new to the company, having joined in March as chief customer officer, Old Navy, and head of marketing shared services. His upcoming position will begin on November 2, with current CEO Haio Barbeito transitioning into an advisory role. “Old Navy is poised for its next chapter of growth, and Michael...