but facing more disruption than ever, alfred kelly lays out his strategy. the retail industry also battling tech changes. hear more from crate & barrel. over the last 46 years, gap has grown from a single store to a global business. with 3300 brick and mortar stores, it is betting even bigger on the future of e-commerce. this week, it introduced its sixth brands i sat down with the gap ceo to talk about the new men's leisure brand and to talk about his strategy on a gap come back. >> we have been fairly forthright in saying the importance of old navy in our portfolio today. if you look at size and profitability, it has already surpassed gap brand. gap brand is, and we know this, still very relevant to our consumers. it is 50 years old. brands morph and evolve. we are trying to position gap brand back to its core. i love every brand in our portfolio. we have been very forthright with the investment community about being responsible managers of the portfolio. we want to create value for our shareholders. emily: what about banana republic? you are in the middl

but facing more disruption than ever, alfred kelly lays out his strategy.l industry also bat

ego -- ceo, alfred kelly jr.udi takes aim at tesla revealing a brand-new all electric suv. --.event bright raised we will hear from the ceo. emily: tesla has rival carmakers on its tail. jaguar, bmw, and mercedes are raising their own electric cars into development. at a launch event in san francisco, audi joined the fray. take a look. tesla customers are getting anxious. >> i notice it is popping up on twitter quite a lot. where is my model three? emily: as elon musk promises to deliver. >> we are building cars as fast as we can. emily: the company is facing new competition. from withint just silicon valley. instead, traditional manufacturers are targeting tesla. audi used san francisco to launch its battery-powered crossover. with a price tag of $75,000 it gives a model x a run for its money. >> we want to merge the new world of electric mobility together with 100 years of experience. emily: bmw is also designed for a slice of the market. while the world largest market -- maker of luxury cars, mercedes, has a r

but facing more disruption than ever, alfred kelly lays out his strategy.lso battling tech changes.