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Tag: Peck

Gap’s Old Navy spinoff plans in doubt with CEO Art Peck out

Traffic passes by an Old Navy and GAP stores in Times Square, March 1, 2019 in New York City. Drew Angerer | Getty Images Gap Inc.‘s plans to spin off its once-star Old Navy brand are being called into question with the ouster of CEO Art Peck. The San Francisco-based apparel retailer announced Thursday evening …

Gap’s Old Navy spinoff plans in doubt with CEO Art Peck outRead More

Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecast

Gap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily.  Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.” Its shares sank more than 7% in …

Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecastRead More