Sonia Syngal

Why the retail group appears to be in constant turnaround mode — and the measures it may need to take to change the narrative.

The cuts include jobs at Gap, Old Navy and Banana Republic, as the American retail giant scrambles to weather the crisis of Covid-19.

The US retailing giant asked suppliers to stop shipping orders and halt production for the fall season, taking drastic measures to mitigate fallout from a widespread retail lockdown.

BoF compiles the most important professional moves of the week.