Old Navy spin-off in doubt after Gap’s Art Peck departs

Shares of Gap fell nearly 10 percent on Friday as the surprise departure of Chief Executive Officer Art Peck and persistent declining sales threw the apparel retailer’s planned spin-off of its Old Navy brand into question. Peck, who joined the company in 2005 and has held the top job since 2015, planned to split Old… Continue reading at New York Post