Last week, as I was driving to a lunch, I got a call from a friend plugged into the San Francisco retail scene, who asked if I had the “Old Navy update.” Turns out, a lot has happened since I last checked in with our friends on the Embarcadero. Behnaz Ghahramani, the C.M.O. of Old Navy, Gap Inc.’s largest brand, is on the way out via a planned departure in early 2025. In some ways, it’s no surprise: When I first wrote about Ghahramani, former colleagues from three different companies instantly expressed their incredulity that she had been given such an important role at a retailer with more than $8 billion in sales. Also, much of her power was removed when Zac Posen came into the business as chief creative officer earlier this year.