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Gap CEO Sonia Syngal to step down amid weak sales

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  • Source:
    AP Regional State Report - California, 07/11/2022
  • Additional Information
    • Abstract:
      NEW YORK (AP) ” Gap Inc. has announced that its CEO and president Sonia Syngal is stepping down from her role after two years on the job, effective immediately. The move, announced Monday, comes as the San Francisco-based clothing company, which operates stores under its namesake, Old Navy, Banana Republic and Athleta, struggles with slumping sales and supply chain challenges. [ABSTRACT FROM PUBLISHER]