Old Navy founded in 1994 is a popular American clothing and accessories retailer owned by American multinational corporation Gap Inc. It has corporate operations in San Francisco and San Bruno, California. Old Nay sells Flip-flops, Jeans, PJs and Rings. Hoodies, Hats, Polos and Tanks. Shorts, Tees, Dresses, and Capris. The largest of the Old Navy stores are its flagship stores, located in New York City, the Mall of America, Seattle, Chicago, and San Francisco.In 2012, after several years of Old Navy losing sales to rival retailer H&M, Gap Inc. hired away H&M executive Stefan Larsson to run its Old Navy division. Larsson instituted a number of changes, including hiring designers away from Coach, Nike, Reebok, and North Face to design exclusive Old Navy clothing. By 2015, Old Navyâ€™s yearly sales had reached $6 billion per year in the United States, almost equaling those of Gapâ€™s Gap and Banana Republic divisions combined.
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