Gap's Holiday Outlook is Cloudy, and it Has Nothing to Do with Sweaters - Video - TheStreet

Gap's Holiday Outlook is Cloudy, and it Has Nothing to Do With Sweaters

An unclear vision for a company, often due to the arrival of new execs or internal turmoil, is always a big risk for a company's financial outlook.
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An unclear vision for a company, often due to the arrival of new execs or internal turmoil, is always a big risk for a company's financial outlook. So although Gap stores will be featuring new, wood mannequins this holiday season, and Old Navy will be as affordable as ever, the risks to the business are from within the executive suite. A new global president for the Gap brand will be installed in December, which is someone who used to run the China business. The former Gap Outlet head will swoop into to lead the more fashionable Banana Republic on January 5, a few weeks before the fourth-quarter ends. And, the big one here is that the long-time CEO will depart in February, replaced by a Gap veteran. TheStreet's Brian Sozzi reports.