Gap North America president departs
San Francisco — Gap announced Tuesday that Marka Hansen president of Gap North America, has resigned, effective Feb. 4.
According to Glenn Murphy, Gap chairman and CEO, the decision to change leadership was mutual.
“After several conversations, Marka and I agreed this was the right time for a change in the organization in order to take Gap brand to a new level,” he said.
The apparel retailer said it has identified an internal successor to Hansen, who will be announced in the next day.
Hansen started as a Banana Republic merchant in 1987, then grew to hold top merchandising roles at both Banana Republic and Gap, as well as in the International division when the company prepared to open in Europe and Japan. She also served as president of Banana Republic starting in 2003, before assuming the role of president of Gap North America in 2007.
Gap brand, which accounts for approximately 40% of the company’s total sales, has struggled for much of the past decade. Same-store sales at Gap brand North America have fallen each year from 2004 to 2009 and are expected to post another decrease for 2010.
Hansen’s resignation follows a particularly difficult holiday season at Gap brand North America. Although November same-store sales rose 5%, December was a struggle as same-store sales fell 8% and traffic counts slipped.
Hot Topic divisional chief resigns
City of Industry, Calif. — Hot Topic said Monday that Chris Daniel, president of the company’s plus-size Torrid division, has resigned effective April 29.
The company has named Betsy McLaughlin as interim head of Torrid upon Daniel’s departure, and said it will conduct an outside search for a permanent replacement.
New York & Co. names CEO
New York City — New York & Co. said Tuesday it has promoted current president Gregory Scott to the role of CEO, effective Feb. 12.
Richard P. Crystal, current chairman and CEO, had previously announced his impending retirement, effective Feb. 11.
Grace Nichols, who has served as a director since March 2008, will assume the role of non-executive chair of the board effective Feb. 12. Scott will remain a director on the company’s board.
Scott previously served as CEO of Bebe Stores; prior to Bebe, he was president of Arden B., a division of Wet Seal.