Gap Inc.’s latest turnaround plan looks awfully familiar so far.
To shake itself from a funk that has lasted 20 years, the retailer has routinely pinned its hopes on chief executive officers who promised fresh ideas. There was someone from Disney and then a drugstore retailer. One had a consulting background, and another knew supply chains. But none of them were able to execute a comeback with staying power.
Now, Gap’s board is betting on a…