Can a New CEO Breathe Life Back Into Gap?
Gap (NYSE: GPS) announced on Thursday the resignation of CEO Art Peck, who's been at the helm of the struggling fashion retailer for the last five years. The move comes after Gap's surprising announcement that it will be spinning off Old Navy to focus on its own growth.
With Old Navy on the way out and a new CEO for Athleta, Gap's athletic apparel chain, there have been a lot of executive shakeups in the company, which is struggling to find stability.
Image source: Gap Inc.
Source Fool.com
