For the third quarter to November 2, 2019 Gap Global registered a 7% fall in sales year on year. Comparable sales for Banana Republic Global decreased 3% and a fall of 4% was seen for the brand Old Navy Global.

Following the results, Gap also announced Art Peck was standing down from his position as CEO and Board member at Gap Inc. Peck was at Gap Inc. for fifteen years and it was announced that Robert J Fisher will act as interim President and Chief Executive Officer with immediate effect.

The company will release its third quarter results on November 21.