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Retail appointments of the week

(Source: BigStock)
Gap CEO walks the plank as Old Navy’s woes worsen Sonia Syngal, the CEO of Gap, has quit suddenly as the US fashion giant’s board looks to address poor sales, especially at its traditional growth engine, price-oriented Old Navy. While the reasons behind Syngal’s departure are unclear, its suddenness shocked retail industry observers. In a statement released overnight, Gap said Syngal would depart her role, and leave the board with immediate effect. Gap has appointed a 26-year veteran of Wa