Gap says still planning Old Navy spin-off as CEO departs
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(Reuters) - Gap Inc said on Friday it was sticking with plans to spin off its Old Navy brand into a separate company, as Wall Street analysts questioned its commitment to the project following the surprise exit of Chief Executive Officer Art Peck.Gap shares fell nearly 8% on Friday after Thursday's shock announcement, which came along with another weak batch of forecasts for quarterly sales and full-year earnings.Peck, who joined the company in 2005 and had held the top job since 2015, had..