Old Navy has been driving growth at Gap Inc. for the past several years. In 2018, the brand’s sales totaled $7.9 billion. At the investors’ event, company executives said they planned to open approximately 75 stores a year, focusing on off-mall locations, as part of a strategy to grow Old Navy into a $10 billion-plus brand. (Old Navy had 1,140 stores at the end of Gap’s most recent fiscal year.)