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Gap rises after rehiring Tracy Gardner

  January 20, 2012

Gap Inc., the largest U.S. specialty apparel chain, rose the most since November after bringing back former executive Tracy Gardner as an adviser to help develop the company’s women’s merchandise. The shares climbed 3.9 percent to $19.37 at the close in New York, for the biggest gain since Nov. 30, 2011. San Francisco-based Gap dropped 16 percent last year. Gardner, who left Gap in 2004 for J. Crew Group, will be working as an adviser at the company’s creative center in New York in an attempt to turn around its women’s business.

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