Tuesday, February 11, 2025
spot_img
spot_imgspot_img
HomeTechnical ArticlesFor restructuring process Gap closed 40 stores across the world

For restructuring process Gap closed 40 stores across the world

Gap closed 40 stores across the world as part of its restructuring process. The US retailer plans to close a total of 230 stores over the next two years. The closings come as part of Gap’s restructuring plan, which includes withdrawing Old Navy from China this year and focusing on its North America market to boost sales. The apparel retailer is focused on aggressively addressing the operational issues that are hindering the performance of its brands. The company’s management structure will be slimmed down in order to speed up decision making as well as a refreshed senior compensation plan, based around performance and accountability. Meanwhile Gap and Arvind have embarked on a water-saving project. This is at Arvind’s denim manufacturing facility in Ahmedabad. The project will save eight million liters of fresh water a day or 2.5 billion liters of freshwater on an annual basis. The first mill in India to manufacture denim, this will now operate entirely with reclaimed water using Membrane Bio Reactor technology, which will treat domestic wastewater drawn from the surrounding community and avoid the use of chemicals in the process.

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

spot_img

Upcoming Events

 

Simillar News

Recent Random

2nd Convocation of BUFT Held

The 2nd Convocation of the BGMEA University of Fashion & Technology (BUFT) was held on Saturday, 8 February 2025 at Bangladesh – China Friendship...

Energy Transition in Bangladesh: Rethinking Subsidies, Renewables, and Efficiency”

The theme of the January 2025 issue is “Energy Transition in Bangladesh: Rethinking Subsidies, Renewables, and Efficiency”. The first page offers brief highlights of...

Banga Fashion Limited achieves LEED Platinum certificate by USGBC

Bangladesh-based one of the sustainable apparel manufacturing unit Banga Fashion Limited a concern of Shahana Group achieves the LEED platinum certificates by USGBC. Banga Fashion...