Gap CEO Is Looking for Acquisitions: “I Have My Eyes Wide Open”

Ask Gap Inc. (GPS) CEO Arthur Peck about the future of the giant retailer, and it's all about big changes.

For starters, he's brought in a new CEO to run the Gap division and he's counting on him to reshape the iconic brand and restore growth. Neil Fiske, who took charge of the division in late June, has a reputation for transforming retail brands like Eddie Bauer and Bath and Body Works.

"He understands the brand. He understands the aesthetic," says Peck. "I think he has an amazing...

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