All of their design team knew they had a winner. Gap corporate knew they had a winner. The outside design consultant knew they had a winner. Everyone thought that, otherwise they would not have released it.
But that’s not how it played out. According to Advertising Age:
"Just four days after confirming its surprise new logo was, in fact, legit, Gap (said it) is returning to its old design (see below) … Marka Hansen, Gap North America president, informed the company’s marketing department…of the change, acknowledging that the switch was a mistake and that the company would be tabling any changes for the foreseeable future.”