While researching a follow to write about I ran crossways the attach to fracture Inc. Gap is a clothing sell store here in the US that caters to the younger generation. With a decrease in sales in the US and another(prenominal) global markets such as Germany and France, Gap has announced a franchise agreement with a Middle East base seller Al Tayer Group. Working with a fashion scruples culture Gap is predicting the Middle East market result have a positive impact on the come with?s global exposure and increase the company?s earnings.
In the summer of 1969 Gap opened their first retail store in San Francisco, California and as the business grew the company was always looking for opportunities to expand in becoming a world renowned business and brand name: Gap Inc. Over the years Gap formed and acquired other companies trade brand names like Old Navy and banana tree Republic. The new introductions increased Gap Inc?s market fortune and company exposure.
In format to stay competitive in the fashion industry Gap began buying their merchandise from immaterial countries. The risk Gap took by deciding to take on a global supply chain caused the company to consume excess inventory due to the long turn nearly times from supplier to store. Trying to predict the latest in fashion was difficult and ordering well in get along was not a good business strategy. Gap Inc.
invested in a legacy system that was capable of supporting the company?s supply chain thus managing inventory and the lineage more efficiently.
As Gap started opening stores internationally in that respect was an inherent need to upgrade the technology of their legacy system. In 2006 Gap signed up with IBM in a non-exclusive redevelopment agreement where IBM ?operates certain significant aspects of our information technology stand? (Gap Inc., 2006). With IBM managing Gap?s...
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