Gap CEO Art Peck Suddenly Exits, Surprising the Market

The video discusses the challenges faced by a retail company under the leadership of Peck, who has been unable to stabilize the brand's merchandise and aesthetic vision. The company has struggled financially, missing Wall Street estimates for several quarters and relying heavily on sales promotions. Old Navy, once a strong performer, is now also facing difficulties. The company plans to split, with Old Navy becoming a standalone entity, prompting a leadership change.

In what ways has Old Navy's performance impacted the overall retail strategy of the company?

What are the potential outcomes of the company's decision to split into two separate entities?