Monday, February 05, 2024 7:27:38 AM
Beyond acting as a new manufacturing facility, the building will host a retail storefront. This storefront will increase ADM's school uniform footprint and enable the addition of a medical uniform segment and workwear segment to the product mix. This will encompass both retail and bid contract sales, further diversifying ADM's offerings. The new store front will allow ADM to expand margins and better service existing government contract customers. As the current retail space is operating at maximum capacity, this new storefront will also allow ADM to pursue more school uniform contracts. The addition of a new medical uniform segment will enable the Company to seek out government contracts in an untapped market.
https://finance.yahoo.com/news/adm-endeavors-provides-corporate-120000677.html
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