Gap CEO Murphy to Be Succeeded by President Art Peck

The video discusses the leadership transition at Gap, with Art Peck taking charge. Peck, who has been with the company since 2002, is well-regarded in the industry. Under his leadership, Gap's shares have risen significantly, outperforming the S&P 500. However, recent performance has been mixed, with unchanged comp sales in September and a slight decline globally. The video also breaks down sales performance by brand, noting a decrease in Gap's namesake brand and slight increases in Banana Republic and Old Navy sales.

Who is the new leader mentioned in the video, and what division does he currently lead?

• John Doe, marketing division

• Art Peck, growth, innovation, and digital division

• Michael Brown, operations division

• Jane Smith, finance division

What was the percentage increase in Gap's shares during Glenn Murphy's tenure?

• 200%

• 140%

• 50%

• 100%

Which index did Gap's shares outperform during Glenn Murphy's leadership?

• FTSE 100

• S&P 500

• NASDAQ

• Dow Jones

What was the change in Gap's global comp sales in September?

• Unchanged

• Increased by 5%

• Decreased by 3%

• Increased by 3%

Which brand saw a 2% increase in sales?

• Gap

• Old Navy

• Banana Republic

• H&M