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: Singles’ Day 2025 Around the World—Global ObservationsPositive Sentiment Trend Comes to an End; Kohl’s Leads in Department Store Shopping: US Consumer Survey InsightsUS Store Tracker Extra, July 2025: 127 Million Square Feet of Retail Space To Close, Outpacing Openings by 60%US Retail in the Rest of 2025: Normalized Demand and Leaner Inventories Ahead of a High-Stakes Holiday Season
