Apparel
This week saw lots of news that matters to the industry: Gildan announced it will acquire Anvil, HALO was sold, Bernstein moved to CEO of Polyconcept, and I took a trip to Florida. That last part is the most important. Trust me.
Gildan Activewear Inc. today announced that it has signed a definitive agreement to acquire 100 percent of the common shares of New York-based Anvil Holdings Inc. (Anvil), parent company of promotional product supplier Anvil Knitwear, for a total purchase price of approximately U.S. $88 million.
There’s no eloquent way to put this, so I’m just going to say what you’re all thinking. I hate the Kardashians. Sometimes, I even love to hate them.
Here are the tips that did not make it into May's women's wear feature, but are crucial to successful sales of ladies' styles.
Bodek and Rhodes has announced that it has added SubliVie, (pronounced Sub-La-Vee), a line of 100 percent polyester T-shirt styles that are tailor-made for sublimation, to their product line-up. In addition, the company's available assortment of tie-dyes and vintage-themed designs has been augmented with new colors, styles and accessories.
Delta Apparel Inc., the apparel supplier from Greenville, S.C., reported that net sales for its fiscal third quarter ended March 31, 2012 increased slightly to $125.5 million, from $125.0 million in its fiscal 2011 third quarter. Net income for the fiscal 2012 third quarter was $1.9 million, or $0.22 per diluted share, compared to $5.7 million, or $0.65 per diluted share, in third quarter 2011.
Apparel suppliers are drawing from retail chains, echoing runway looks and employing clever designs to make women's apparel more flattering than ever.
In honor of Earth Day, Cincinnati-based Cintas Corporation announced that it helped eliminate more than 15 million plastic bottles from the waste stream and save 8.5 million trees by reusing plastic waste within its eco-apparel product line.
Agents with U.S. Immigration and Customs Enforcement's Homeland Security Investigations spent Wednesday inventorying $4 million worth of counterfeit athletic apparel found in a south Sacramento warehouse.
Federal officials described it as one of the largest single seizures of counterfeit apparel made in the Sacramento area.
Dan Lane, assistant special agent in charge with Homeland Security Investigations in Sacramento, said agents executed a search warrant at the building on Berry Avenue, off Power Inn Road, about 11 a.m. Tuesday as part of a long-term investigation. Inside, they found rows of shelving 40 feet high and more than 400 feet long stacked with apparel.
Ennis Inc. today reported financial results for the quarter and year ended February 29, 2012. The company also added $5 million to its stock repurchase program.