$GPS "Gap didn’t provide any additional details as to why Peck is leaving, after serving as CEO since 2015 and working at Gap for almost 15 years. However, the company is seeing slumping sales at all of its major brands. The retailer was in the midst of splitting into two publicly traded companies — one company would house its faster-growing Old Navy brand, while the second would oversee Gap, Banana Republic and its other brands such as Athleta. "