**Is Gap’s CEO Enough for Investors Seeking a Turnaround?**.
San Francisco – Gap Inc. tried to assure investors Tuesday that the embattled retailer is finally getting it right, but some aren’t convinced..
At a meeting with analysts and investors, CEO Sonia Syngal and her team outlined Gap’s progress on its turnaround plan, which includes closing stores, reducing inventory, and focusing on its core brands. Syngal also announced that Gap will be launching a new loyalty program and investing in its digital business..
Investors were cautiously optimistic about Gap’s plans, but some expressed concerns about whether Syngal is the right person to lead the turnaround. Syngal has been with Gap for less than a year, and she has no experience in the retail industry..
One investor said, .
