HanesBrands, a leading marketer of everyday basic apparel under world-class brands, has reported double-digit earnings growth in the third quarter 2013. The company delivered strong profitability despite general retail weakness in the back-to-school selling period. Operating profit in the quarter ended 28 September, increased by 13% to $177 million, and net sales in the quarter decreased by 2% to $1.2 billion.
“We had a great quarter with record earnings and strong margins,” commented Hanes Chairman and Chief Executive Officer Richard A. Noll. “Our brands are gaining share, our supply chain is generating savings, and our product innovations are creating value. Given our strong earnings momentum, we are raising our earnings guidance for both 2013 and 2014 despite a soft retail environment.”
Unifi has released preliminary results for the first quarter ended 29 September 2013 of its 2014 fiscal year.
Net income for the September 2013 quarter was $8.9 million, compared to net income of $2.3 million for the September 2012 quarter. This reflects gains from improved margins, lower net interest expenses and higher earnings from the company's unconsolidated equity affiliates.
Invista was back in Verona last week to host the third edition of its unique leg wear event ‘Lycra Fibre Moves’, where the company announced its two latest innovations – Living Lights and FREEF!T technologies by Lycra fibre during its global conference and Gala Dinner to more than 300 textile industry professionals from all over the world.
Germany has done its bit for the global Campaign for Wool this year by initiating a special fashion project called Wool School, a design competition in cooperation with selected retail partners and colleges of fashion and design.
Archroma, a leader in colour and specialty chemicals, and the former textile, paper and emulsions businesses of Clariant, has received the prestigious ICIS Innovation Award for Best Business Innovation for its One Way sustainability service.
It has been recognised for its game-changing approach to textile manufacturing based on the strong conviction that both ecological and economic benefits are reachable, the company reports.
Scotland’s textile sector has set itself new industry growth targets after exceeding its 2020 targets for turnover growth and research and development investment by 12% and 96% respectively. The latest figures, Scottish Enterprise says, recognise the significant gains in international trade which see the industry well on its way to achieving a 50% increase in exports by 2017.
A Wisconsin textile manufacturer Monterey Mills has acquired Glenoit Fabrics, a leader in high pile knit fabrics for apparel, accessories, footwear and specialty products, which operates a mill in Tarboro, NC.
Monterey Mills, formerly a competitor of Glenoit’s, plans to modernise the Tarboro plant in an effort to turn around its sagging fortunes. The acquisition includes the machines inside the plant but not the building itself, which Monterey will lease from the local ownership group.
The company acquired Glenoit from a local ownership group that had bought the business from Haixin, a Chinese company that acquired Glenoit in 2002.
Ramsay McDonald Group, textile agents in Australasia, is pleased to offer for sale a full and comprehensive range of knitting and dyeing production plant and equipment located at the New South Wales, Australia sites of Standard Knit Fabrics and Universal Dye Works.
The topic of responsible textile creation became the subject of a roundtable discussion for the first time at the Première Vision apparel fabric show, that took place from 17-19 September in Paris.
Nearly 200 industry players, such as knitters, weavers, fashion brands, designers and consumers, attended the conference to hear the panel of fashion and textile experts discuss the new issues of responsibility in the textile industry.
Calzedonia, an Italian lingerie retailer, has expanded its production facilities in Sri Lanka, and increased its workforce to 12,000 from 9,000 with enhanced capacity.
Calzedonia, which owns several brands including Intimissimi and Tezenis, now has a network of 3,100 shops in Central and Eastern Europe and employs 9,000 people in Sri Lanka in a network of factories.
Its first factory Omega Line now employs 3,070 workers, and its second one, Sirio, started in 2002, now employs 2,233 people. Alpha Apparel, started in 2005, now has 2,035 workers, and Benji, started only four years ago employs 1,940 people.