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Tech News
Gap Inc. has appointed retail veteran Michael Francis to lead Old Navy, its largest brand by revenue. Francis previously helped shape Target's low-cost, design-forward strategy in the 2000s, and Gap is betting his experience can revive Old Navy at a moment when shoppers are especially price-sensitive.
Gap Inc. announced that customer chief Michael Francis will replace Haio Barbeito as Old Navy's CEO starting in November, part of an ongoing effort to revive the struggling brand. The announcement came alongside Gap's mixed second-quarter results, which beat earnings estimates but missed on revenue, sending shares up more than 16% in after-hours trading.
Adobe introduced AI Assisted Editor, a new Photoshop interface that lets users edit images through natural language prompts alongside the existing Pro Editor workspace. The company also unveiled a light adjustment layer, Instruct Edit with Masks, and a Markup tool for drawing edit instructions directly on images. These features are currently available in the $23-per-month Photoshop beta.
A website posing as the 'Hanover Institute for Public Policy' published over half a million words in nine days, presenting pro-Israel talking points on Gaza and Palestinian prisoners as neutral research. The New York firm Piro Inc registered the site with the US government as material distributed on behalf of Israel, though the institute itself has no verifiable legal existence, address, or staff. It forms part of a larger, multimillion-dollar Israeli government campaign, involving Havas Media and other firms, to shape how AI chatbots frame conversations about Israel.
Carla Vernón, chief executive of Honest Company, is running the smaller, independent consumer brand using management practices typical of large consumer packaged goods corporations. The approach is highlighted in Fast Company's Modern CEO newsletter, which examines inclusive leadership strategies from executives across industries.