Shopping malls

Gap CEO Art Peck to step down after 15 years with the company

The GAP logo.
Photo: Drew Angerer/Getty Image

Gap Inc. chief executive Art Peck announced plans to resign after 15 years with the retailer, the company shared on Thursday.

What we know: Peck, who served as CEO since 2015, will turn over his role to board member Robert Fisher, who will serve as president and chief executive on an interim basis. The company did not explain the reasoning for Peck's departure. The shift comes after a multiple quarters of low sales, largely brought on by declining foot traffic and excess inventory, Business Insider notes.

Waymo's self-driving vans learn the struggles of parking

Waymo van learns how to navigate parking lots. (Photo: Waymo)
A Waymo van learns how to navigate parking lots. Photo: Waymo

Waymo's self-driving vans are learning to share the human driver hatred of shopping mall parking lots.

Why it matters: Parking lots are one of the most difficult environments for a self-driving car to master: unruly vehicles, darting pedestrians and the occasional runaway shopping cart contribute to a Wild West atmosphere.