Old Navy brand president resigns after tenure at Gap
Gap Inc announces Tom Wyatt will resign as Old Navy president on February 3. Senior executives take over duties during the search for a replacement as the retailer battles declining sales. Wyatt, 56, joined Gap in 2006 and led Old Navy since 2008 before leaving to head Knowledge Universe in Portland.
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Kodak Files for Chapter 11 Bankruptcy Protection
Kodak, the 132 year old Rochester icon, seeks bankruptcy protection to reorganize its cash strapped business and pivot to printers and ink while a sale of photo patents circulates. Experts note the brand’s emotional resonance as its digital era struggles to preserve its legacy. Sunbeam Television says DirecTV will air NFC title game and American Idol in South Florida amid ongoing fee disputes.
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