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    Teri List-Stoll Will Be Chief Financial Officer Of Ren Cape Group.

    2016/11/17 10:44:00 52

    GapSporting GoodsBrand

      

    Gap

    Inc. Cape group has appointed Teri List-Stoll, who has over 30 years of financial experience as the new chief financial officer, to replace Sabrina Simmons, who will be leaving at the end of February next year.

     GAP appointed Teri with 30 years of financial experience as new CFO

    The Teri List-Stoll, who has served as the two listed company CFO, will be taken up in January 17th, with a basic salary of $875 thousand per year.

    She was the United States.

    Sports goods

    The executive vice president and chief financial officer of retailer Dick 's Sporting Goods Inc. (NYSE:DKS) has also served as a CFO of Kraft Foods Group Inc., Kraft Foods, and has also served for the past 20 years.

    Gap Inc. Cape group announced earlier this month that it has served as chief financial officer in 10 years of Sabrina Simmons's resignation.

    Sabrina Simmons joined the group in 2001. At that time, the Group Chairman and CEO were Gap Donald's Fisher co founder Donald Fisher and J. Crew Group Inc..

    The handover of the chief financial officer will take place after deciding whether the group that has fallen into recession in recent years can continue to rise from the turning point into the key holiday season in the recovery period.

    The sales of Gap Inc. in the last two months have improved. In October, the same store sales increased by 2% after the one-time factor was dropped, while the market forecast decreased by 2%.

    Among them, the Banana Republic Banana Republic's adjusted sales in the same store could actually be flat in the same period last year, ending the past 19 consecutive months of decline, and the group's largest two months in a row.

    brand

    The old navy of Old Navy has continued to gain positive response from customers. In October, the same brand store sales increased by 3% annually.

    The improvement in October is also reflected in the commodity profit margin. The group pointed out that the profit margin of the month was significantly higher than the previous forecast, which is also sufficient to offset the loss of sales and the expected pressure on the increase in logistics costs due to the fire caused by the distribution center fire.

    In the three quarter of 8-10, the group's net sales totaled $3 billion 800 million, which was higher than the $3 billion 730 million expected by the market, and the expected US dollar of adjusted EPS 0.59-0.60 in the three quarter was also far better than the 0.53 US dollars expected.

    The group will announce its full quarterly results in November 17th.

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