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July 16, 2007
Gap Considers Apparel Outsider As New CEO
Gap is circling in on its next CEO, according to reports. Possible candidates include acting president and CEO Robert J. Fisher and apparel outsider Glenn Murphy, who used to head Canada’s Shoppers Drug Mart Inc.
Murphy managed to turnaround the drug store chain and is regarded for his ability to integrate higher margin and higher value merchandise.
Despite his previous successes, it remains to be seen if Murphy can handle the particular challenges of the apparel industry, and Gap’s flagging position in the marketplace.
Posted by Blacks on July 16, 2007 09:58 AM
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