Banana Republic Seeks News Boss And New Direction After Stangl Exits [Forbes]
Gap, Inc. (The) (GPS)
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Source: Forbes
Apparel giant Gap Inc. has begun the search for a new president and CEO for upscale sub-brand Banana Republic after it parted ways with previous incumbent Sandra Stangl last week. The news came after Gap Inc. re-examined Banana Republic's previous drive towards the homewares and home décor categories under the auspices of its , an area that Stangl had spearheaded after over two decades in the sector. “As we close out the first quarter of the year, Sandra and I have agreed to transition to new leadership for Banana Republic,” Dickson stated in an internal memo last week to staff explaining the decision. “Since Sandra joined the brand in December 2020, Banana Republic has made dramatic shifts to elevate the aesthetic and explore tangential categories that help us imagine the true potential of this brand. “While we search for a new leader to build on Banana Republic's vision and potential, I will work closely with the brand leadership team to advance our fiscal '24 goals. And — im
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