Gap taps Old Navy executive as new CEO as it eyes turnaround
AP Retail Writer | Hagadone News Network | UPDATED 5 years, 9 months AGO
NEW YORK (AP) — Gap on Thursday named an executive at its Old Navy brand as its new CEO in the hopes that she can turn the struggling company around.
Sonia Syngal, who has overseen the Old Navy brand since 2016, will start as CEO of Gap Inc. later this month. The clothing company has been looking for a permanent CEO after Art Peck left the top job in November.
Old Navy has been a bright spot for the Gap, and the company had planned to spin it off into a separate company. But those plans were scrapped earlier this year due to high costs.
Syngal, who has worked at the San Francisco-based company for about 16 years, will also join the Gap's board of directors.
ARTICLES BY AP RETAIL WRITER
Amazon: Nearly 20,000 workers tested positive for COVID-19
NEW YORK (AP) — Amazon said Thursday that nearly 20,000 of its front-line U.S. workers have tested positive or been presumed positive for the virus that causes COVID-19.
Amazon: Nearly 20,000 workers tested positive for COVID-19
NEW YORK (AP) — Amazon said Thursday that nearly 20,000 of its front-line U.S. workers have tested positive or been presumed positive for the virus that causes COVID-19.
Walmart looks to airports as inspiration of new store layout
NEW YORK (AP) — Walmart is getting inspiration from the airport terminal as it revamps the layout and signage of its stores to speed up shopping and better cater to smartphone-armed customers.