After a lengthy search, Gap has named former Mattel COO Richard Dickson as CEO. Dickson was one of the Mattel executives behind the resurgence of Barbie, helping to bringing the doll to movie theaters. Yahoo Finance Executive Editor Brian Sozzi explains why this is Dickson’s “Michael Jordan moment.”
Video Transcript
– Shares of gap are jumping this morning after the retail company finally announced a new CEO, it’s former Mattel executive Richard Dickson, who is taking the helm. Yahoo Finance executive editor Brian Sozzi joins us now to discuss. We have talked about this for so long, Sozz, who could possibly lead this company. And turn it around, many have tried without success.
– And many have failed. This comes at a very interesting time for two different reasons. First, for GAP’s perspective, what better time to tap the person that essentially saved Barbie twice in Richard Dickson offer this really blockbuster opening for the Barbie movie. So they get a lot of hype, probably gives Richard at least six to eight months to build his team, get in there, really get into the trenches.
Source: Finance.Yahoo
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 