That's analyst Gabrielle Kivitz -- Deutsche Bank analyst Gabrielle Kivitz -- explaining the options left for Gap now that Paul Pressler is finally leaving.
But who can do it? Who can fight gravity? Who can undo the damage of a dancing dead Audrey Hepburn? The wise and knowledgable commentor Anonymous wonders "if they have called Allen Questrom yet?" Hmm. All signs point to yes. Evidently, the search for an effective fashion-retail executive can be startling similar to hiring just the right NFL head coach.
But for now, I'm wondering if there aren't immediate lessons we can glean from the Gap story. First, this: "After joining Gap, Pressler focused on trimming debt...and buying more merchandise from lower-cost factories." Cheap, though, also has to be fast. As Virginia Postrel has pointed out: "If being stylish means having the look of the moment, fast fashion is truly democratizing style. That creates an uncomfortable situation for businesses and individuals who depend on trendiness to create customer value and maintain personal status." Uncomfortable, indeed.
Second: let's call it the Curse of the Dead Shill. The cabbage-patching cartoon Colonel Sanders, Applebee's Rat Pack and Gap -- see a pattern? So, you know: re-animate corpses at your own risk. Orville?