Retail 02 Feb 2007 01:17 am
The Gap (GPS) is looking internally to turn around its namesake store chain. Marka Hansen is moving from the company’s Banana Republic division to run The Gap’s North American stores. Hansen served in many positions including “helping expand the chain into Europe and Japan” as “vice president of merchandising for Gap’s international unit.” Hansen has had success in the ailing retailer. While Gap stores same-store sales went down 9% last December sales at Banana Republic stores increased 2%.
The search for a permanent replacement for ex-CEO Paul Pressler continues.