Gap to Diversify Supply Chain, Double Down on U.S. Investment -- Market Talk

Dow Jones

2025/05/31

1430 ET - With tariffs posing a threat to profits, CEO Richard Dickson says Gap plans to continue diversifying its sourcing footprint. China used to be one of Gap's top sourcing partners, but represented less than 10% of its sourcing in 2024, a share that's expected to come down to 3% exiting this year, he says during the company's earnings call. Gap aims for no country to account for more than 25% of its sourcing by the end of 2026, and plans to invest more in nearby countries and domestically, with aims to double its vendor sourcing of American-grown cotton next year, he says. "Investing in the U.S. is an important priority for our business," he says.(kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

May 30, 2025 14:30 ET (18:30 GMT)

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China used to be one of Gap's top sourcing partners, but represented less than 10% of its sourcing in 2024, a share that's expected to come down to 3% exiting this year, he says during the company's earnings call. Gap aims for no country to account for more than 25% of its sourcing by the end of 2026, and plans to invest more in nearby countries and domestically, with aims to double its vendor sourcing of American-grown cotton next year, he says. \"Investing in the U.S. is an important priority for our business,\" he says.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4094":"服装零售","GAP":"Gap, Inc"},"translate_title":"Gap实现供应链多元化，加倍加大美国投资——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GAP":0.9},"content_text":"1430 ET - With tariffs posing a threat to profits, CEO Richard Dickson says Gap plans to continue diversifying its sourcing footprint. 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