PVH Corp. plans to boost its U.S. warehouse capacity utilization to 85-90% by consolidating operations into two warehouses and bringing e-commerce distribution in-house, as stated by CFO Zac Coughlin. Currently, utilization is over 50%. This strategy aims to streamline logistics and lower distribution costs in North America, leading to the closure of its Jonesville, North Carolina facility and layoffs of 317 employees. The initiative is part of a broader effort to simplify operations and enhance efficiency, with anticipated cost savings expected to materialize significantly in 2025.

Source: https://www.supplychaindive.com/news/pvh-warehouse-distribution-consolidation-plan/745799/