Banana Republic's Survival Challenges

Yesterday, the retail world was abuzz with news of Banana Republic’s continued plummeting comparable sales. The once-shining division of Gap, Inc. has suffered continual sales drops. It didn’t help that a corporate spokesman described Banana Republic’s issues as “product acceptance challenges.” First to respond, Fortune.com led with this epic line: “In the annals of corporate euphemisms for horrific results, Gap Inc. just came out with one of our all-time favorites.”