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

Retail veteran Michael Francis is taking the helm of Gap Inc.’s largest brand at a time when affordability is at the forefront of people’s minds.

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........

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