GAP CEO announces major change after four years affecting entire brand – and store admits ‘there is work to be done’ ...Middle East

LEADERSHIP turnover is coming for Banana Republic stores as GAP Inc. reports plummeting sales. The president and CEO of Banana Republic, Sandra Stangl, has reportedly agreed that the GAP subsidiary would benefit from different leadership and is stepping down. GettyCEO of GAP Inc., Richard Dickson, announced that the CEO of Banana Republic Sandra Stangl will be stepping down from her role following declining sales[/caption] GettyDickson noted that the new decor and furniture line brought on during Stangl’s leadership will remain just under a different leadership[/caption] GettyGAP Inc. reported that Banana Republic sales have been declining, down 11% in the third quarter and 2%

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