Flash ReportWith Comp Sales Declining, Gap Inc. CEO Steps Down, To Be Replaced by Gap Founder’s Son Coresight Research November 11, 2019 Reasons to ReadWith comps flagging, Gap Inc. announced President and CEO Art Peck would step down to be replaced by the founder’s son. Comparable sales have been declining, particularly at Gap Global, for the last couple of fiscal years. Gap global comparable sales for the third quarter ending November 2, 2019 were down Banana Republic Global Brands’ comps also fell – but were up in the same period last year Old Navy Global comps slid as well, also following an increase in the same period last year Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Beauty’s Back! The US Beauty Market Bounces Back, with Madhav Pitaliya and John MercerWeekly US Store Openings and Closures Tracker 2025, Week 15: Guess? To Close Nearly 20 StoresFrom Prohibition to Participation: Measuring the Impact of Cannabis and Psychedelic Mushroom Legalization on Consumer SpendingMass Merchandisers, Warehouse Clubs and Discount Stores: Themes, Concepts and Innovators—Target at a Crossroads, Dollar Stores Revive and Warehouse Clubs Gain Momentum
