Photo by Eugene Gologursky/Getty Images for The Door

Gap Inc. said Tuesday that the president and CEO of its clothing brand, Jeff Kirwan, will be stepping down. Current executive vice president and head of global talent and sustainabiliy, Brent Hyder, will replace Kirwan while the retailer looks for a new president.

Why it matters: In a press release, Gap Inc. CEO Art Peck said "we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand."

Full statement.

Go deeper

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage" Axios-Ipsos poll: Federal response has only gotten worse.
  2. Health: Hospitals face a crush — 13 states set single-day case records last week.
  3. Business: Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. States: Nearly two dozen Minnesota cases traced to three Trump campaign events.
  6. World: Putin mandates face masks.
Updated 2 hours ago - Politics & Policy

Unrest in Philadelphia after fatal police shooting of Black man

Demonstrators rally on Tuesday near the location where Walter Wallace was killed by two police officers in Philadelphia, Pennsylvania. Photo: Mark Makela/Getty Images

The Pennsylvania National Guard was mobilized Tuesday during a tense second night of protests in Philadelphia over the fatal police shooting of Walter Wallace, a 27-year-old Black man.

Driving the news: Philadelphia Mayor Jim Kenney (D) and Police Commissioner Danielle Outlaw said in a joint statement Monday that police were launching a "full investigation" to answer questions that arose from video that captured part of the incident with police.

3 hours ago - Sports

Los Angeles Dodgers win World Series

Mookie Betts slides home safely to give the Dodgers a 2-1 lead. Photo: Tom Pennington/Getty Images

The Los Angeles Dodgers won their seventh World Series in franchise history with a 3-1 Game 6 victory over the Tampa Bay Rays on Tuesday. Shortstop Corey Seager was named the series MVP.

The big picture: It's the Dodgers' first championship since 1988, though they've won the NL West division in eight straight seasons and reached the World Series three times in the last four years.