NEW YORK ( TheStreet) - It's that time of year when retailers start assessing the success of upper management, weeding out the unsuccessful leaders.

In the past few weeks we have seen several shakeups at the top, most recently with Talbots ( TLB) and Avon ( AVP) searching for new CEOs.

These struggling companies are looking to start the New Year with a manager that can revive brand image, give the company a foothold in the growing e-commerce, mobile and social world and figure out how to effectively operate traditional brick-and-mortar locations.

But there are still a number of other retailers that should consider ousting their CEOs in 2012.

Here's a roundup of some of the worst retail CEOs of the year.

Cast your vote at the end of the story for which you think should be fired and leave comments below if you think we left out a CEO who should be on the list.

Glenn Murphy, Gap

Gap's ( GPS) CEO Glenn Murphy has a lot riding on 2012.

Murphy, a veteran who came over from Canada's Shoppers Drug Mart, succeeded Robert Fisher in 2007, who had been serving as interim CEO following the ousting of Paul Pressler.

While Murphy has done a good job of cutting expenses, Gap's situation has become more dire in recent months. In its third quarter, same-store sales dropped 5%, with Murphy calling the decline "unacceptable."

Across the board, the company has been struggling, and in particular, its namesake chain has reported a decline in annual North America same-store sales for the past six consecutive years.

Which retail CEO should be fired in 2012?

Glenn Murphy, Gap
Brian Dunn, Best Buy
Tom Johnson, Aeropostale
Gary Schoenfeld, Pacific Sunwear of California
Lou D'Ambrosio, Sears

But Murphy promised that, starting with the holiday season, consumers will see changes and said he is "feeling better about 2012 when it comes to Gap."

The Old Navy chain, on the other hand, will still need work, Murphy said during a call with investors last month. "We had to get back to the core of what makes Old Navy great."

Murphy's latest plan is to close 189 Gap stores, or 21% of the namesake, by the end of 2013. Instead, the company will focus on China, tripling the number of locations in the country to about 45 in 2012. Overall, Gap plans to cut its square footage in the U.S. by 10% by 2013 from 2007.

Murphy has also had trouble keeping his senior management team intact, with the departure of the president of Gap brand earlier in the year, and the ousting of Patrick Robinson, the chain's design director.

Shares of Gap have lost nearly 18% for the year-to-date period.

Gary Schoenfeld, Pacific Sunwear of California

Pacific Sunwear of California's ( PSUN) stock has plunged 50% since Chief Executive Gary Schoenfeld took the reins in June 2009.

In desperate need to make some move, the company announced last week that it will shutter as many as 200 underperforming stores over the next 14 months, focusing on its remaining 550 to 600 stores.

It also secured a $60 million loan from private-equity firm Golden Gate Capital in return for two board seats and the right to buy a 20% stake in the company at $1.75 per share. The company has also secured a five-year, $100 million revolver from Wells Fargo to replace an existing line of credit.

Prior to the announcement, PacSun had lost 76% of its value for the year, making it the biggest retail stock decliner of 2011 . But shares have since rebounded more than 30%.

PacSun has been facing slumping sales and profits, having lost money for the past 12 consecutive quarters. Its primary issue has been merchandise misses.

Which retail CEO should be fired in 2012?

Glenn Murphy, Gap
Brian Dunn, Best Buy
Tom Johnson, Aeropostale
Gary Schoenfeld, Pacific Sunwear of California
Lou D'Ambrosio, Sears

As a result, it has lost market share to its rivals, with teens choosing to go to Zumiez ( ZUMZ) for their action sports apparel and gear and American Eagle Outfitters ( AEO)or Abercrombie & Fitch ( ANF)for fashion.

PacSun has also seen a major shakeup at the top, having replaced much of its senior management in the past two years.

Before joining PacSun, Schoenfeld previously worked at footwear maker, Vans.

Brian Dunn, Best Buy

Brian Dunn is a Best Buy ( BBY) lifer. Having started his career with the electronics retailer as a store associate in 1985, Dunn has literally grown up with the company.

Dunn served as president and chief operating officer from 2006 until he took the top job in 2009. In his two years in the role, Dunn has been unable to shake the growing stigma around Best Buy as the "showroom for Amazon."

Even with one of its biggest rivals, Circuit City on the rocks, Best Buy has had little luck growing its lackluster sales.

It appeared Best Buy was finally headed on the right path in the third quarter as the chain was touted as one of the biggest winners of the all-important Black Friday weekend.

Which retail CEO should be fired in 2012?

Glenn Murphy, Gap
Brian Dunn, Best Buy
Tom Johnson, Aeropostale
Gary Schoenfeld, Pacific Sunwear of California
Lou D'Ambrosio, Sears

But once again, the company surprised investors to the downside this week, reporting a bigger-than-expected decline in profit because of the deep promotions and discounts it deployed to woo holiday shoppers.

The results sent shares tumbling more than 15%, and the stock has lost about 31% so far in 2011. During Dunn's tenure, shares have fallen more than 40%.

Lou D'Ambrosio, Sears

Yes, Lou D'Ambrosio has only been in charge of Sears ( SHLD) since February, but it has still been enough time to tell he isn't moving the flailing department store any closer to a recovery.

Moody's Investors Services lowered its ratings on Sears earlier in the month, citing weak revenue, profit margin and income. Despite some of the company's recent initiatives, which include cutting jobs, shuttering stores, launching exclusive brands and contracting out some of its well-known brands, Moody's still foresees danger ahead.

The ratings agency said that the department store has underperformed its peers and it is unclear if the company will be able to stabilize. D'Ambrosio has clearly not done anything yet to quell these fears.

Which retail CEO should be fired in 2012?

Glenn Murphy, Gap
Brian Dunn, Best Buy
Tom Johnson, Aeropostale
Gary Schoenfeld, Pacific Sunwear of California
Lou D'Ambrosio, Sears

Sears posted a wider-than-expected loss in its third quarter, hurt by weakness at its Canada stores.

But even before D'Ambrosio officially came on board, Wall Street questioned whether he was the right person for the job, a role Sears had been trying to fill for three years. D'Ambrosio doesn't have a merchandising or retail background, previously running Avaya, a telecommunications company and prior to that having spent 16 years at IBM.

Thomas Johnson, Aeropostale

Aeropostale ( ARO) has certainly fallen from its heights of being the price-leader in the teen space amid the recession.

Chief Executive Tom Johnson assumed the role in December 2010 after previously sharing the title with Mindy Meads for 10 months. So Johnson has really only been fully in charge of the teen retailer for one year, but what a year it has been with the stock down more than 30% in 2011.

The company has been struggling to compete against Abercrombie & Fitch ( ANF), which lowered its prices amid the recession.

Aeropostale is projecting a cautious holiday quarter, resorting to discounts up to 60% over the all-important Black Friday weekend as it faces an inventory glut. For the fourth quarter, management now foresees earnings in the range of 35 to 38 cents per share, below the consensus estimate of 43 cents.

Which retail CEO should be fired in 2012?

Glenn Murphy, Gap
Brian Dunn, Best Buy
Tom Johnson, Aeropostale
Gary Schoenfeld, Pacific Sunwear of California
Lou D'Ambrosio, Sears

- Reported by Jeanine Poggi in New York.

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