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ANALYSIS: Gap CEO Murphy makes way for digital head Peck

2014-10-09 17:26:00| Daily apparel & textile news and comment - from just-style.com

Gap CEO Glenn Murphy is to step down in February, making way for digital head Art Peck to take the helm at the US retail giant. The company's shares fell 8% in after-hours trading on the news. Indeed, while Murphy may have struggled to turnaround Gap's namesake brand during his tenure, he is credited with reversing a long-running sales slump, acquiring new brands and globalising the business.

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