This Shocking Fact May Explain Gap and Old Navy’s Struggles

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The Street

By Thomas Lee Without this key change, Gap continues to struggle to compete against fast fashion brands like Uniqlo and H&M. Lost somewhere in the recent headlines that The Gap Inc. (GPS) – Get Free Report is axing 1,800 corporate jobs is the fact that the apparel maker’s most important job remains stubbornly vacant. The company currently lacks a CEO and hasn’t had one since firing Sonia Syngal in July 2022. That was 10 months ago. “What the heck is going on?” said Patricia Lenkov, founder and president of Agility Search, a boutique executive search firm in New York. In today’s fast-paced envi…

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