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Fashion Brand: Can Gap CEO Richard Dickson bring it back to the pink of wealth?, ET Retail - Vimarsana News

Fashion Brand: Can Gap CEO Richard Dickson bring it back to the pink of wealth?, ET Retail

Fashion Brand: Gap Inc. is placing its hopes on CEO Richard Dickson to turn around the company's fortunes. Dickson, known for his success in reviving Mattel's Barbie brand, has been credited with transforming Barbie's image and generating buzz, but sales gains have not always been sustained. Gap, which has seen declining sales at its brands, including Athleta and Old Navy, has struggled with turnover in the C-suite and failed attempts at buying brands and launching concepts. Analysts have mixed opinions on Dickson's ability to lead Gap's turnaround, but the company has time to implement his st...

Gap eliminates 500 corporate jobs amid shrinking margins - Vimarsana News

Gap eliminates 500 corporate jobs amid shrinking margins

The company is laying off staff and eliminating positions that are currently open across a range of departments, it said