Innovation & Design  What Gap Needs to Do Now  With the CEO out,
the chain is hunting a new chief and a new direction. Here's
what various experts advise  January was a brutal month for
executives at embattled retail giant Gap (GPS). The New Year
brought confirmation that it hadn't been a merry holiday season
at all (see, 1/5/07, "Sales Gap at the Gap"): In December, same-
store sales fell 8% compared with December, 2005, while net
sales for the month were $2.34 billion, down 4% on the previous
year.  Then came rumors that Gap might sell off all or part of
itself (see, 1/8/07, "Gap on the Block"). And finally, the icing
on the January cake, the announcement that Chief Executive Paul
Pressler was stepping down (see, 1/23/07, "CEO Wanted: Gap's
Search for a Savior").  So now the company is seeking a new
chief executive officer (CEO), a position that won't be easy to
fill. In the meantime, Robert Fisher, the son of Gap's founder
and the company's non-executive board chairman, will serve as
president and CEO. Whil