This Massive Supply Chain Is Now Laying Off Hundreds

A massive supply chain is now laying off hundreds of employees at its facility in Memphis, Tennessee, according to a WARN filing.

GXO Logistics Supply Chain will permanently lay off an unexpected 211 employees, reports RetailDive.

Layoffs at the Imagination Drive facility are expected to begin on March 6, with separations completed by April 27, according to the notice.

“We’re ending operations with one of our customers in the Memphis, [Tennessee] area,” a GXO spokesperson told Supply Chain Dive in an email.

“As a result, impacted employees will have the opportunity to apply for open roles and transfer to nearby GXO sites that serve other customers.”

The logistics company has reduced its operational footprint over the last two years.

In October 2022, GXO said it would shutter two facilities in Texas servicing Pepsi.

Later in February 2023, the company closed a facility in Wisconsin, laying off 144 employees.

That same month, GXO cut 85 workers after ceasing operations at a facility in Indiana.

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Also Read: A Massive US Bank is Now Closing Credit Cards

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Market News Today - This Massive Supply Chain Is Now Laying Off Hundreds.
Market News Today – This Massive Supply Chain Is Now Laying Off Hundreds.

A beloved clothing store now makes unexpected closures as it announces two of its locations will shutter in the same city.

Two Old Navy stores in the same major city are closing at the end of the month, the brand has confirmed.

Parent company Gap Inc. is on a streak of store closures affecting its other brands including Gap and Banana Republic.

Old Navy is closing down two stores in Toronto, Canada, this month.

The stores situated at the Eaton Centre and Markville Shopping Centre locations will be open for the last time on January 24.

In a statement to Global News, a spokesperson for Old Navy explained the reason for the decision.

The representative said the company is “evaluating its real estate portfolio to ensure a healthy fleet of stores that can provide the best possible experience for our customers.”

Locals will be able to find Old Navy stores in downtown Toronto, Vaughan, Richmond Hill, Scarborough.

The Old Navy brand, which has the lowest price range, has faired well compared to other stores in the Gap portfolio.

Between October 2020 and the end of 2023, Gap Inc. closed down approximately 350 Gap and Banana Republic stores.

Meanwhile, 15 new Old Navy stores opened between 2021 and 2022.

The brand has found imaginative ways to add value to its consumers through product innovation and new store policies.

For example, Old Navy offered parents a one-year “kid-proof guarantee” on all uniform styles during the back-to-school season of 2023.

Under the guarantee, customers could receive a full refund if any garments did not stand up to the wear and tear of the school year.

For womenswear, Old Navy began introducing more pockets to its dresses, after discovering via research that this would be popular among consumers.

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Also Read: SNAP Benefits Will Now Increase For The Year 2024

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Market News Today - This Massive Supply Chain Is Now Laying Off Hundreds.
Market News Today – This Massive Supply Chain Is Now Laying Off Hundreds.

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