Blog: Gap's speed to market focus
Leonie Barrie | 22 April 2013
As turnaround efforts finally start to take hold at US specialty clothing retailer Gap Inc, the company is now focusing on leveraging its global brands to gain a larger share of the $1.4trn global apparel market.
Among the goals outlined at the company's annual investor meeting in San Francisco last week were plans to franchise Old Navy stores overseas, expand overseas - especially in China - and build a seamless omni-channel experience.
But as chairman and CEO Glenn Murphy explained, these developments are only possible through recent efforts to realign the business so that it focuses on brands instead of channels, a global assortment, and speed to market. And key to this last point is a responsive supply chain.
Bangladesh could capitalise on its low labour costs to become "the next China" if it can break through infrastructure, energy and land bottlenecks, according to a World Bank report. But it also warns of a possible backlash to recent compliance and safety issues in the ready-made garments (RMG) sector, which is suffering from a "severe image crisis".
Fire safety in the Cambodian garment and footwear industry also requires "urgent attention" according to a new report released by the International Labour Organization's Better Factories Cambodia programme. Its investigation into 'Working Conditions in Cambodia's Garment Sector' found a "worrying increase in fire safety violations".
Africa's beleaguered clothing and textile industry could take advantage of a projected downturn in exports from Chinese manufacturers - but only if a wide range of reforms are implemented locally, according to industry experts at the Source Africa trade event in Cape Town.
And the explosion in proposed trade agreements will probably stimulate major changes over the next decade in how apparel buyers organise their supply chains. But as Mike Flanagan explains, they never deliver what - or when - their lobbyists say they will.
Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...
The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...
The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...
The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...
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