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Gap CEO Art Peck to step down; FY earnings forecast cut

Nov 7 (Reuters) - Gap Inc said on Thursday Chief Executive Officer Art Peck will step down after a brief transition.

The apparel retailer also cut its full-year earnings forecast, sending its shares down 12% in extended trading. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)