Meet Gap's New CEO: The "Digital Guy" Preparing For More Clicks Than Footsteps
In his first interview since being tapped as Gap Inc.'s new CEO, Art Peck tells BuzzFeed News the company is facing the biggest change in retail since the rush to the suburbs and rise of big-box stores in the 1950s and 60s.
Gap Raising Minimum Wage For More Than 65,000 U.S. Employees To $10 Next Year
The owner of Gap, Old Navy, Banana Republic, Athleta, Piperlime, and Intermix said it will raise the current $7.25 minimum wage for its workers to $9 this year and to $10 in 2015. Update: Gap executive Art Peck tells BuzzFeed, "It's coinciding with the national debate, but honestly, this was a business decision."