Bob Martin

Gap Inc. is eliminating hundreds of corporate jobs from its global workforce as part of a broad restructuring aimed at making the company more nimble and less bureaucratic, according to people familiar with the situation.  The current round of cuts is slated to be larger than in September, when Gap eliminated roughly 500 corporate positions, one of the people said. Those job cuts were mostly at its main offices in San Francisco and New York, and were part of efforts to save about $250 million…

Gap Inc. GPS -3.18% is aiming to reset its business in 2023 after a year in which it dealt with weaker sales, excess inventory and a messy breakup with artist and designer Kanye West.  Gap’s board is close to picking a permanent chief executive, interim CEO Bob Martin said Thursday. The retail chain also announced that the head of its Athleta brand was leaving after months of lackluster sales and that it…

Gap Inc. GPS -5.65% replaced chief executive Sonia Syngal after a little more than two years on the job, making her the latest leader who has been unable to help the casual clothing company regain its status among American shoppers.The apparel retailer said Monday its executive chairman Bob Martin, a former Walmart Inc. WMT 1.14% executive, would serve as…