Gap rushes in more robots to warehouses to solve virus disruption [Reuters]
Gap, Inc. (The) (GPS)
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Source: Reuters
Gap rushes in more robots to warehouses to solve virus disruption SAN FRANCISCO (Reuters) - U.S. apparel chain Gap Inc is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact during the coronavirus pandemic, the company told Reuters. Gap reached a deal early this year to more than triple the number of item-picking robots it uses to 106 by the fall. Then the pandemic struck North America, forcing the company to close all its stores in the region, including those of Banana Republic, Old Navy and other brands. Meanwhile, its warehouses faced more web orders and fewer staff to fulfill them because of social distancing rules Gap had put in place. “We could not get as many people in our distribution centers safely,” said Kevin Kuntz, Gap’s senior vice president of global logistics fulfillment. So he called up Kindred AI, the vendor that sells the machines, to ask: “Can you get them here earlier?” Sourcing parts in time for the eight-foot-tal
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News
- Column: As taxpayers tire of handouts to billionaires, Major League Baseball demands public funding for a Vegas stadium [Los Angeles Times (CA)]Los Angeles Times
- Here's Why Gap (GPS) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Gap Stock Almost Flat This Year, What's Next? [Forbes]Forbes
- Why the Market Dipped But Gap (GPS) Gained Today [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing The Gap (GPS) Right Now? [Yahoo! Finance]Yahoo! Finance
GPS
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- 3/7/24 - Beat
GPS
Sec Filings
- 4/12/24 - Form 4
- 3/28/24 - Form 4
- 3/27/24 - Form 4
- GPS's page on the SEC website