IBM Wins $1B Gap Service Contract
A Reuters newswire article, via Yahoo! News, reoprts that:
Gap Inc. has hired International Business Machines Corp. to operate parts of its information technology structure to improve efficiency, a deal worth about $1.1 billion to IBM over about 10 years, the clothing retailer said in an SEC filing on Tuesday.
San Francisco-based Gap, which has reported lower same-store sales for 13 of the past 14 months, said the arrangement would also help it cut costs. IBM will support Gap's data center, store operations, as well as support Gap's help desk and disaster recovery services, among other business areas.
posted by Fergie @ 1/17/2006 06:38:00 AM
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