Gap's president is gone, as Anonymous hinted she should and would be. But this is disappointing: "Marka Hansen, who for three years has led the smaller and more upscale Banana Republic chain, will take over at Gap." Did they have to poach someone from the successful side of the business? Would a total outsider have been better?
Alex W. Smith says yes. Or more precisely, people who think Alex W. Smith can turn around Pier 1 say yes: '"It’s certainly a positive that they brought in someone from the outside,' said Cid Wilson, an analyst at Kevin Dann & Partners....'Bringing someone from the outside changes the corporate culture. My concerns are that there are some things that I think are going to be tougher for him to turn around, particularly the fact that Pier 1 has seen a lot of pressure from competitors.'" Yes. Can't do much about the competition. Better just to cut jobs and keep hoping that wicker -- the hoodie of the furniture world? -- suddenly takes off.
There is good news at least for Marka Hansen: look at all the free advice! I do suggest, though, skipping right over Godin's comments. Complete buzzkill.