Gap CEO exiting as forecast cut casts doubt on turnaround
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(Reuters) - Gap Inc said on Thursday Chief Executive Officer Art Peck will leave the company, a surprise exit in the middle of a restructuring that comes as the apparel retailer slashed its full-year earnings forecast, sending its shares down 7%.Since taking the helm in 2015, Peck has tried to re-energize sales at the Gap brand, once a trend setter with its casual logo emblazoned hoodies and Khaki cargos, but it has recently struggled to keep pace with fast-fashion rivals such as Zara and H&M...