Can a New CEO Breathe Life Back Into Gap? [The Motley Fool]
Gap, Inc. (The) (GPS)
Last gap, inc. (the) earnings: 3/12 04:15 pm
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Source: The Motley Fool
Can a New CEO Breathe Life Back Into Gap? CEO Art Peck is stepping down amid a sales slump that's been going on for too long. 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. Gap will release its third-quarter earnings on Nov. 21, but management shared last week results from that quarter, which wrapped on Nov. 2. Sales continue to flounder as you can see in the declining comparable sales figures below: Year-over-year comparable sales figures from Gap press release. Table by author. Executive Vice President and CFO Teri List-Stoll said, "This was a challenging quarter, as macro impac
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News
- Column: As taxpayers tire of handouts to billionaires, Major League Baseball demands public funding for a Vegas stadium [Los Angeles Times (CA)]Los Angeles Times
- Here's Why Gap (GPS) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Gap Stock Almost Flat This Year, What's Next? [Forbes]Forbes
- Why the Market Dipped But Gap (GPS) Gained Today [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing The Gap (GPS) Right Now? [Yahoo! Finance]Yahoo! Finance
GPS
Earnings
- 3/7/24 - Beat
GPS
Sec Filings
- 4/12/24 - Form 4
- 3/28/24 - Form 4
- 3/27/24 - Form 4
- GPS's page on the SEC website