Why the gap keeps getting crushed

摘要

When the retail world's bright lights gathered Jan. 15 at investment bank Financo's an- nual dinner in New York City (think Oscar party for the ap- parel crowd), the gossips had one juicy no-show to chatter about: Where was Gap ceo Paul Pressler? Fashion insiders had been numbering Pressler's days for months. And sure enough, after nearly two years of limping sales and yet another holiday season in which the Gap's big idea (more hoodies?) drew yawns from shoppers, Pressler agreed a few days later to step down.