Good-bye to Pressler... again
Those of you with memories that stretch back more than a couple years surely will remember Paul Pressler, the one-time Disneyland President whose regime saw the beginning of a Web-based uproar over declining quality at the Anaheim, California theme park.
Pressler got kicked upstairs to Disney corporate, overseeing Disney's theme parks around the world. Until he was lured away (just before he got pushed out the door, some say) to run The Gap, Inc.
Well, until today. Pressler's out of a job now.
Gap Inc. dumped Paul Pressler as chief executive Monday after a year of broken promises that culminated in a dismal holiday shopping season to deepen the clothing retailer's misery.
"This was a long time coming," said retail industry analyst Jennifer Black. "They need to bring in a visionary, an incredibly talented merchant who can see quite a ways into the future."
The Gap is in major trouble. Sales have been down for a while and they are losing ground fast to the the compaction. Ambercrombi and Holster have hit them where it hurts. The teen and pre teen market have a lot of disposable income to spend and they spend it on name brands. The Gap has lost there status with this group and have not tried to reverse this or try to appeal to an older market that grew up wearing Gap stuff. Personally I find them over priced and you can find most of the same stuff at Old Navy for much less. (they are owned by the same company
This is what happens when companies (Gap) don't pay attention to what it's potential CEOs (Pressler) have done at their previous employers (Disneyland).
Personally, I just wouldn't shop there this Christmas because they refused to acknowledge Christmas in all their ads. The best you could do was "Holiday" and that wasn't even that much. I figured my money was well spent at other places that did acknowledge it.
Nobody shops at the Gap anymore since it's all nerdy clothes!
I hope Disney hires him back.
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