Must Read: Gap CEO Sonia Syngal Steps Down, Are Luxury Megabrands Getting Too Big?

Photo: Sarah Silbiger/Bloomberg via Getty Images These are the stories making headlines in fashion on Tuesday. Gap CEO Sonia Syngal steps down As Gap faces supply chain challenges and sharp declines in sales, its CEO is stepping down. Syngal joined the retailer in 2004 and served as chief executive officer since March 2020. In the three-month period before April 30, the company suffered a net loss of $162 million in comparison to the same period last year, where it made a profit of $166 million. Syngal will stay in her position during a brief transition period, and Bob Martin, the… Read Full Article