Results 1 to 6 of 6

Thread: Pressler Update

  1. #1

    •   
    • Minion
    • Offline

    Join Date
    Jan 2005
    Location
    In a 3D movie theater
    Posts
    4,834

    Pressler Update

    Pressler's in the hot seat again
    Marketwatch 5/16/06

    Pressler's in the hot seat again
    A handful of analysts are betting promises by Gap Inc.Chief Executive Paul Pressler this week that his three top divisions -- the Gap, Banana Republic and Old Navy -- will return to their glory days as must-go destinations for casual, comfortable fashions in the second half of this year are more of the same: empty.

    Should he fail to deliver gains in same-store sales and significant operating improvements out of his more than 3,000 retail stores, the analysts think that he should be fired.

    "I have to believe that [the board] is laying down the gauntlet for the second half," C.L. King & Associates analyst Mark Montagna said Friday. "If the divisions don't perform in the second half, there will be so much pressure to get rid of him."

    In the nearly five years under Pressler's watch, he has done a stunning job of turning around the balance sheet of the company by wiping out huge chunks of debt and building a strong flow of cash.

    But the same can't be said for the retail stores, which have seen same-store sales (an important industry measure of receipts rung up at stores open longer than a year) decline or fall flat in 14 of the last 15 months.
    Personally I think he should be fired for that ugly 70's retro ad campain he put up in Embarcadero Center... Oh yeah, polister is something I want to wear again...
    Check out my other blog:

  2. #2

    • Internet.Serious Business
    • Offline

    Join Date
    May 2005
    Location
    Perfect Park Acres, the latest in Hover-Burb Communities
    Posts
    4,824

    Re: Pressler Update

    Yep. The man can implement someone else's plans and cut budgets damn well.

    But again, look how out of touch he is with what he is running.

  3. #3

    • FastPass n00b
    • Offline

    Join Date
    Feb 2005
    Posts
    1,846

    Re: Pressler Update

    How did this guy ever get to be in these positions anyway? It seems he bombs out of every company he goes to.

    I realize he worked wonders on the Disney Stores in the early years, but something tells me now he probably got a lot of help from someone in the background.

    "...many don't believe that the Gap can ever regain its crown...", "They'll probably never get there again, ever". Sounds familiar, although Disneyland is a MUCH more important American institution than The Gap. Matt Ouimet has done excellent damage control, but some things at Disneyland will never regain their luster.

    The beauty of this country is that he's probably STILL being paid millions of dollars to run his company into the ground. Corporate accountability, what an oxymoron. Just get an indifferent board with board members who just don't care and you can run a company into the ground and get paid extremely well while doing it.

  4. #4

    • Former Epcot CM
    • Offline

    Join Date
    Jan 2005
    Location
    Travelling the world but home is the UK
    Posts
    4,865

    Re: Pressler Update

    Quote Originally Posted by Athlonacon
    Matt Ouimet has done excellent damage control, but some things at Disneyland will never regain their luster.
    Like what?

    I'm not contesting your statement, just intrigued.
    BACKPACKING REALNESS

    DISNEY TRIPS
    October 2000 - Walt Disney World Resort
    October 2001 - Walt Disney World Resort
    April 2002 - Disneyland Resort Paris
    October 2003 - Walt Disney World Resort
    October 2004 - Walt Disney World Resort
    October 2005 - Walt Disney World Resort
    October 2007 - Walt Disney World Resort
    December 2008 - Walt Disney World Resort
    July 2009 - Disneyland Resort Paris
    July 2011 - Disneyland Resort California
    July 2012-13 - UK Cultural Representative Cast Member at Epcot
    February 2013 - Disneyland Resort California
    February 2013 -Tokyo Disney Resort

    (VERY OLD!)
    TRIP REPORTS


  5. #5

    • Minion
    • Offline

    Join Date
    Jan 2005
    Posts
    4,084

    Re: Pressler Update

    It would be fun to see PP properly humiliated in front of his corporate peers, but I would fear him landing back at Disney again.

    So long as he remains In the Gap, the Magic Kingdom sleeps more soundly.

  6. #6

    • MiceChat Administrator
    • Man of mystery and
    • Offline

    Join Date
    Jan 2005
    Location
    Temple of the Forbidden Eye
    Posts
    13,758
    Blog Entries
    3

    Re: Pressler Update

    I wonder what company he'll budget cut into mediocrity next?
    Find us on Facebook:

    .

    How do you support MiceChat? Join MiceChat GOLD!,



Similar Threads

  1. Paul Pressler Announces to Update Disney's California Adventure
    By Disneyland RR Guy in forum Disneyland Resort
    Replies: 63
    Last Post: 08-20-2007, 09:34 PM
  2. Pressler falls OUT OF the GAP... :)
    By B52Hbuff in forum Disneyland Resort
    Replies: 0
    Last Post: 01-22-2007, 03:17 PM
  3. Another Pressler-Era Lie?
    By PragmaticIdealist in forum Disneyland Resort
    Replies: 47
    Last Post: 01-17-2007, 05:03 PM
  4. Update on our old pals, Paul Pressler & Cynthia Harris
    By ashbob in forum Disneyland Resort
    Replies: 37
    Last Post: 07-13-2006, 04:57 PM
  5. Replies: 3
    Last Post: 01-06-2006, 08:52 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •