Why Is Everyone Talking About Gap?
The Gap (NYSE: GPS) stunned investors on July 11 by announcing the abrupt and immediate departure of its CEO Sonia Syngal. Syngal also vacated her board seat, and no reasons were provided for her departure.
Syngal's unexpected resignation after leading Gap for just over two years raises troubling questions for the apparel retailer's future. Let's look back at Syngal's turnaround plans for Gap, whether she successfully executed them, and where the company might be headed after this headline-grabbing development.
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Source Fool.com
