GAP stores sees drop in sales over ‘supply chain’ disruptions

• Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business.
• The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week.
• As Gap searches for Green’s successor, the company’s CEO, Sonia Syngal, will be working closely with the Old Navy team, the retailer said Thursday.

https://www.cnbc.com/2022/04/21/old-navy-ceo-to-exit-as-parent-company-gap-cuts-sales-guidance.html