News Summary

• Gap has hired Jamie Drew as its new head of strategic partnerships and growth.
• Drew is tasked with helping push Gap's brands beyond apparel to other consumer touchpoints.
• Reimagining Gap has been a top priority for CEO Richard Dickson since becoming CEO in 2023.
• Gap may be about to face the first test of its ability to extend its brand, having just made a concerted push into accessories.
• The Gap brand had a yearslong revenue slump before Dickson's arrival, which it attributed in part to having too many products and styles.