Can anyone save The Gap?
After suffering declining sales since 2004 and a depressing 8% drop in sales during the five-week holiday season this year, Gap Inc. dumped CEO Paul Pressler on Monday after five years. Also this month, the company lowered its earnings estimate for the third time in six months. It will report fourth-quarter and annual sales March 1. Rumors are swirling that Gap Inc. (GPS), which also owns Old Navy and Banana Republic, will put itself up for sale, close stores and/or sell off divisions. (USA TODAY)