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Wednesday, 13 March 2019 12:45

Adidas sales up five per cent

Adidas fourth-quarter sales rose by a currency-adjusted five per cent. Adidas saw strong growth in sports inspired styles and in training and running in the quarter, but a steep decline in soccer, where it benefited a year earlier from sales of team jerseys in the run-up to the World Cup. Adidas expects currency-neutral sales growth to slow to between five per cent and eight per cent in 2019 from eight per cent in 2018. Supply issues are accounting for a one per cent to two per cent fall as it struggles to meet strong demand for mid-priced apparel. Shares in the German sportswear brand, up 22 per cent in the last year, were indicated down 2.5 per cent in early trade.

Adidas had doubled the size of its business in North America in the last three years. Adidas produces 457 pieces of apparel a year, sourcing most of them from Cambodia, China and Vietnam. The brand expects to reach an operating profit margin of between 11.3 per cent and 11.5 per cent in 2019, up from 10.8 per cent in 2018, with the return of the Reebok brand to profit helping it hit a target originally set for 2020 a year early.

 

Wednesday, 13 March 2019 07:20

ITMA 2019 Exhibitor Preview: XORELLA

SCHWÄBISCH HALL, Germany — March 11, 2019 — XORELLA has been a leading-edge manufacturer of equipment for conditioning and heat setting of textiles ever since the company was founded more than 50 years ago. The machines are renowned for their technology, operating efficiency and reliability.

For customers around the world Xorella is the preferred partner for standard conditioning and heat-setting machines as well as for equipment for integration in fully automatic material handling and packing systems.

Xorella has listened to customers’ input and reengineered the controller and its software. Latest generation hardware is used and software as well as visualization have been redesigned with a clear concept in mind: Easy operation even by less experienced staff in the mills.

There is a clear structure on all screens and the use of text was minimized. At the right side actual hazards are displayed with pictograms.

A new interface was created to assist customers in trouble shooting. Actual and historical data is saved and can be sent to our Service Department for analysis and support.

Paving the way for Big Data is the most important feature of the new Xorella controller. It fully relies on its OPC UA interface for connection to external systems. Customers have the possibility to display the visualization on their own system completely by accessing the variables provided by the OPC UA.

This considerably facilitates integration into superordinate systems. Therefore it is possible to link the Xorella controller with process visualization systems provided by the main spinning machinery manufacturers or third parties.

You are invited to meet Xorella’s team of specialists at booth in hall 6 at booth D203 to obtain detailed information on Xorella machines and services.

 

The Cotton Textiles Export Promotion Council (Texprocil) has welcomed the cabinet’s approval of the scheme to provide rebate in state and central embedded taxes for the made ups and apparel sectors. Texprocil chairman KV Srinivasan points out rebate of state and central taxes will improve competitiveness of made ups products in export markets. Presently, the ROSL scheme refunds specified state taxes but does not refund central taxes.

Srinivasan feels exporters of made ups, especially home textiles from India, face a huge disadvantage in leading export markets due to high import duties as compared to imports from other competing nations. The scheme will go a long way in helping the exporters in overcoming this disadvantage and to increase exports, he added.

However, the Texprocil chief explained that state and central taxes are applicable on cotton yarn and fabrics also as in the case of made ups and apparels. He urged the government to cover cotton yarn and fabrics also under the scheme. Srinivasan says the move will lead to an increase in export of textiles and clothing as well as employment generation.

About 4,810 store closures have been announced by US retailers for 2019. Gap is planning to shut 230 of its namesake brand stores over the next two years. This fiscal year, Gap expects to close about 50 company-owned stores, net of any new openings or repositioning.

Victoria’s Secret is planning to shut 53 stores this year, as the lingerie retailer struggles to appeal to women with its outdated bra and underwear merchandise. On an average, the company has been closing roughly 15 stores every year.

Teen apparel retailer Abercrombie plans to close up to 40 stores during fiscal 2019, after closing 29 locations last year. The company has, meanwhile, been working toward reducing the size of its stores and remodeling existing locations. Abercrombie also plans to open additional stores this year, to make up for the closures, after opening 22 stores in 2018.

Tesla will shift its sales online and close most of its stores as a result. A small number of Tesla stores will remain open as galleries, showcases and Tesla information centers, where customers can learn about the company’s products and buy Tesla merchandise. Tesla had been opening up shop in malls across the US to operate more than 100 stores and showrooms.

Texcare Asia and China Laundry Expo will be held September 25 to 27, 2019 at the Shanghai New International Expo Centre. This is a trade fair for textile laundry, leather care, cleaning technology and equipment. It is expected to attract 300 exhibitors and an estimated 25,000 visitors across nearly 3,23,000 sq ft of exhibit space. The three-day event will serve as a platform for industry stakeholders from the entire textile care supply chain to explore new markets, expand their business footprint and capture opportunities both in China and across the world. It will shine a spotlight on cutting-edge products, strengthening technological exchanges and promoting efficient trade cooperation. The show aims to build a win-win trade platform for not only the whole of China’s washing industry, but for all over the world. Various fringe events will take place around the fairground, which will allow participants to catch up with the latest industry developments, learn about the current market outlook in China and have valuable networking opportunities with industry peers.

The Asian textile care industry in particular has transformed in recent years, alongside the region’s economic growth and increased trade interest from overseas. More and more innovations in automation, smart laundry and digitalization have been introduced, helping improve the productivity and proficiency of operations while also allowing the industry to evolve and stay on-trend.

 

Apparel Sourcing Week, Bangalore, March 15 to 16, 2019, has collaborated with trend forecasting company WGSN and influencer marketing engagement platform Winkl for its open house sessions.

On day one, Winkl will hold a session on influencer marketing, outlining why brands need. The session will be supported with case studies and the pros and cons of traditional marketing v/s influencer marketing. WGSN will undertake a talk on consumer behavior and global retail trends to unravel consumer priorities and preferences. From technological advances to demographic shifts, the session will reveal the key drivers of tomorrow’s consumers, who they are, what motivates them, and most importantly what they mean for business.

On day two Winkl will run participants through different types of influencer campaigns and their impact on business. A candid insight into what influencers expect from brands while collaborating will help the brands understand how to work with influencers in order to achieve a fruitful association for both parties. WGSN will hold a corporate quiz. Divided into multiple teams comprising two members, each representing one company, the quiz will follow a format for a qualifying prelim round wherein the top five teams will be shortlisted.

WGSN is a trend forecasting company. Winkl helps bloggers, influencers and content creators create their media kits, showcase their work to their peers, get feedback and connect with brands to work on brand collaborations.

 

Tuesday, 12 March 2019 12:37

Primark launches sustainable jeans

High street fashion retailer Primark has launched a range of women’s skinny jeans made using cotton sourced from the company’s Sustainable Cotton Program. The new collection is made of three denim washes and from cotton produced using natural farming methods, which have minimised the use of chemical pesticides and fertilisers, reduced water consumption, alongside delivering increased incomes to cotton farmers.

Primark is looking to use only sustainably sourced cotton in its products, to help reduce the impact of cotton production on the environment, to equip farmers with the skills they need to improve their livelihoods and to offer customers sustainable products at a great price.

In 2018, following a successful inaugural year of retailing apparel incorporating cotton from the program, Primark expanded the initiative into Pakistan–with over 28,000 farmers now said to be involved in the project. This latest product launch, heralded as an important step by the retailer, marks the first time since the Primark Sustainable Cotton Program was introduced to Indian farmers in 2013 that jeans have been produced using 100 per cent cotton sourced through the initiative.

Around 6000 farmers in Gujarat began working with the program following its 2013 launch. On an average, profits increased almost 200 per cent for those farmers who completed the training.

 

In 201,8 May& Cie recorded a slight increase in sales over previous year. The company was affected the most by the turbulence in Turkey, traditionally one of the company’s most important sales markets.

Mayer & Cie is a circular knitting machine manufacturer. Against this backdrop, the integration of a successful line of business, the manufacture of braiding machines, should prove to be a good investment in future. Unlike declining market for circular knitting machines, the outlook for sales of braiding machines is excellent. In the circular knitting machine sector, the downturn in demand can be offset by in-house measures. The company is also looking at countries like Uzbekistan and Bangladesh, where developments are positive. The company looks forward to 2019 in spite of all of the challenges, since it is well positioned as regards its portfolio of machines, corporate structure and market position.

Mayer & Cie is committed to promoting the concepts of sustainability and digitisation when dealing with its customers. Its entire operations have technical solutions concentrating on sustainability, such as the Low Energy Option for warp knitting machines and the materials-conserving HSB-PW Size Box for warp preparation as well as textile applications having ecological implications in the field of multiaxial technology.

 

Tuesday, 12 March 2019 12:34

Indian trade show on in Azerbaijan

‘Best of India’ show is being held in Azerbaijan from March 7 to 17, 2019. This is a trade show for Indian products. Some 75 companies from India are showcasing high quality products and services including electrical and electronics, bicycles, rice, tea, spices, packaging, pharmaceuticals, gifts and handicrafts, stationery, home furnishings, textiles and garments, jewelry and cosmetics. Apart from business and commerce the event focuses on portraying the rich Indian cultural heritage through cultural events, food and festivals etc. all adding to the best of India experience.

India and Azerbaijan enjoy close friendly relations based on historical links and growing bilateral cooperation. The two countries have increasing business and commercial cooperation in the fields of energy, pharmaceuticals, agriculture, tourism, IT, science and technology, textile and garments, education, to name a few. Total bilateral trade between India and Azerbaijan has reached around 463 million dollars.

The two countries have growing cooperation in capacity building under the Indian Technical and Economic Cooperation program, which provides fully paid training programs for Azerbaijani professionals and students in Indian institutions.

Best of India is a series of shows held overseas which have consistently presented Indian industry’s high quality goods, services and technologies in varied industrial sectors to the world.

 

Apparel manufacturers and brands planning to diversify their sourcing from China are likely to be faced with lower productivity, slower speed to market and greater risk. As Jane Singer, Director and Head of Market Intelligence at consultancy Inside Fashion revealed, the disadvantages of China’s increasingly high cost base was often offset by other considerations. As China has high productivity levels and an established supply chain-brands moving out of China are likely to lose their agility and infrastructure. Also, Chinese manufacturers are responding to the higher costs by developing factories elsewhere and reducing prices of their apparels which does not have tariff on it as yet.