Gap announces big loss, declining sales and executive shakeup

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Gap reported disappointing holiday-quarter results Thursday and announced a series of executive changes as the struggling retailer continues to search for a permanent CEO.

Source: CNBC.com

Date: Mar 09, 2023

Link: https://www.cnbc.com/2023/03/09/gap-gps-q4-earnings-2022.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Questions for discussion:

  • What does the report say about the reasons for missing sales targets?
  • What are the challenges facing the brands?
  • What would you advise management at this time?

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