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Top 10 C-Suite Shake-Ups in 2019


From the abrupt departure of Art Peck at Gap Inc. to the planned changing of the guard at Best Buy, the retail industry experienced plenty of noteworthy CEO shake-ups this past year.  

If the turnover has seemed especially high as of late, the retail industry was only part of a larger trend. C-suite departures are set to hit a record high in 2019, according to a report by Challenger, Gray & Christmas. The executive outplacement firm reported that 1,332 CEOs have left their posts to date as of October 2019, 13% higher than the 1,176 CEOs who had announced their exits through the year-ago period. It is the highest January-October total since the firm began tracking in 2002. In one month, October, the retail sector experienced a 57% increase in the number of CEO departures.

This special edition of Daybreaker details some of the departures that rocked the retail industry during the past 12 months.

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