We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Oct 30, 20249:14am

Gap CEO Art Peck to step down

Art Peck leaves office as president and chief executive officer of the fourth largest fashion retailer. Robert J. Fisher, son of the founders, relieves him on an interim basis.

 

Nov 8, 2019 — 8:46am
mds
Related topics
Save

Gap CEO Art Peck to step down

 

Change at the helm of one of the international giants of the fashion industry. Art Peck, president and chief executive officer of Gap, has lefy his position effective immediately. Robert J. Fisher, son of the founders of the company, Doris and Donald Fisher, who was non-executive chairman of the board, will become president and chief executive officer on an interim basis.

 

Peck has a career of about fifteen years in the American company. The executive joined Gap in 2005, when former chief executive president Paul Pressler appointed him as vice president of strategy and operations. Since 2015 he occupies the position of president and chief executive officer.

 

Under his direction, Gap has boosted its international expansion, based on the alliance with local partners, as well as expanding the omni-channel customer experience and building its digital capabilities. At the time, Peck has had to deal with the most complex years of the American group, affected by the fall of consumption in the United States.

 

Gap’s new chief executive officer, Robert J. Fisher, has been linked to Gap for more than 35 years. Since 1990, Fisher is part of the board of directors and since 2015 he has held the position of non-executive chairman.

 

“As the Board evaluates potential successors, our focus will be on strong leadership candidates with operational excellence to drive greater efficiency, speed and profitability,” said Fisher in a press release.

 

The company has also shared an advance of the results for the third quarter of the current year. Gap has registered a 4% decline in sales by comparable area, while a year ago the evolution was flat.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...