Unformatted text preview: the fiscal year and this is the third time in six months. Gap’s shares of stock have been dropping and just dropped 10 cents to $19.90. Many industry observers say that Gap is going to have to close hundreds of their stores to help with their sales and revenues. This may be Gap’s big break through its sliding sales and falling profits. I feel that this is what Gap needs because of the long existence of Paul Pressler in the company. With a new executive on the board there will be new ideas and Gaps turn around. In conclusion, Paul Pressler and Gap Inc. made a smart move in letting Mr. Pressler go because new management is what the company needs....
View Full Document
- Spring '09
- Chief Executive Officer, Executive officer, Chief executives