Gap CEO steps down amid slumping sales

Gap CEO steps down amid slumping sales

Gap CEO Art Peck is stepping down after nearly five years at the helm as the retailer struggles to combat declining sales. Peck, who started working at Gap in 2005 and has served as CEO since early 2015, will leave after a brief transition. He will also step down from the board. Bob Fisher, who is one of the three sons of Gap’s founders Donald and Doris Fisher, will take over on an interim basis.

Clara
Clara
Miles O'Brien
Miles O'Brien 5 months

Sue Amazon. Every business failure is their fault.

Rhokanth
Rhokanth 5 months

Clothes retailers were usually overpriced garbage. Now they are being overtaken by online retailers and we're expected to feel bad. Whatever, capitalism ftw.

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