Gap "Cotton Reduction" To Reduce Costs

Glenn Murphy, chief executive of Gap Express Gap will reduce the number of cooperative cotton suppliers and develop direct trade relations with factories because it is struggling to control soaring yarn and fabric costs.

Murphy is also at an investor conference. Admit The clothing retailer recently made a mistake. He said he needed to make major changes to its flagship brand in North America.

Murphy says Gap costs 2011 in the second half of the year. Estimate Too low, the company could have bought cloth earlier to avoid certain problems.

Murphy said the company is changing its procurement strategy. Must Tell the supplier that we are reducing the volume.