Thursday, 7 November 2019

Gap CEO exiting as forecast cut casts doubt on turnaround

Gap Inc said on Thursday Chief Executive Officer Art Peck will leave the company, a surprise exit in the middle of a restructuring that comes as the apparel retailer slashed its full-year earnings forecast, sending its shares down 7%.


from Reuters: Business News https://ift.tt/2PYc1YC
at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

I've been a trucker for nearly 5 decades. AI made the job safer, but autonomous trucks still need to prove themselves.

Veteran truck driver Ingrid Brown said technology, from the cellphone to AI-powered dashcams, has made the job safer. Motive Ingrid Brown ha...