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One, three. Wondery.

I'm David Brown, and this is Business Wars Daily on this Thursday, November 21st.

Three years ago, Art Peck told investors that The Gap, once an icon of American fashion, needed to, quote, be remade in a way that's relevant.

At the time, Peck was CEO of the multi-billion dollar company, which had long been faltering.

Today, Art Peck has found himself to be irrelevant.

Early this month, the company asked Peck to step down after yet another quarter of declining sales and profits. In his place,

steps Robert Fisher, son of the company's founders as interim CEO. CNN's headline said it all.

The Gap's CEO is leaving. The company's stock lost more than half its

value since he started. Indeed, analysts said Peck's ouster was long in coming, according to Daphne

Howland, a journalist with the trade publication retail dive. The Gap needs big bold changes,

Ray Hartgen of Retail Analytics Company Retail Next told Howland,

...