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The writing was on the wall – management changes at Gap and Old Navy

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gaplogo.jpegToday Gap Inc. announced two major changes in management at Old Navy and Gap. On the heels of a rotten holiday season, and stinky sales overall since about 2004, this doesn’t come as too much of a surprise. The company just hired Goldman Sachs to do a review of both brands.

The president of Gap Adult, 47 year old Denise Johnston “is leaving the company” effective Friday. Old Navy’s Executive Vice President of Product Design, Ivy Ross “will leave the company” – for some reason she gets to stay until the 17th.

Expect more in-depth on this from me tomorrow.

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