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USA: Supply Chain Management Expert Joins SupplyChainge
25 July 2001 | just-style.com
SupplyChainge, a provider of integrated process and software solutions in supply chain management for the retailing industry, has appointed Warren H Hausman, professor of operations management in the Department of Management Science and Engineering at Stanford University, to its board of directors. Dr Hausman is widely regarded as one of the world's leading experts in the fields of supply chain management (SCM) and operations management.... read more
RUSSIA: Exports Of Unprocessed Footwear Leather Soar
25 July 2001 | just-style.com
Last year, exports of Russian leather footwear declined by 30 per cent compared with 1999, and the first quarter of 2001 showed a similar trend. Meanwhile, imports of leather footwear are increasing. In the January-May period, 4.2 million pairs of leather shoes worth US$52.5 million were imported - virtually double that of the same period last year (2.3 million pairs valued at US$24.4 million).... read more
RUSSIA: Unichel To Acquire Ural Footwear Factory
25 July 2001 | just-style.com
Chelyabinsk-based footwear company Unichel is to acquire the bankrupt Ural footwear factory in Orenburg. Ural was established in 1984 but ceased production four years ago. The restored company will now employ 200 people and produce 160,000 pairs of footwear a year, mostly for school pupils and teenagers.... read more
BANGLADESH: Textile Chiefs Discuss Post-2005 Strategy
25 July 2001 | just-style.com
Bangladesh's first ever textile exposition opened yesterday with a seminar on the impact of 2005, the Independent reported. TexBangla 2001, which was opened by Prime Minister Sheikh Hasina, was organised by the Bangladesh Textile Mills Association (BTMA) and Centre for Policy Dialogue (CPD). BTMA Chairman Salman F Rahman chaired the opening seminar.... read more
SINGAPORE: Intentia Dressed For Success In Asia
25 July 2001 | just-style.com
Increasing demand from the fashion, apparel and sewn-products industries across Asia Pacific has prompted the Intentia corporate fashion team to establish a direct presence in Hong Kong and Singapore to focus on serving the needs of the fashion and apparel market across the region. The move will also add further fuel to the supply chain software solution provider's regional growth and expansion.... read more
GERMANY: Moenus To Start Insolvency Proceedings
25 July 2001 | just-style.com
German textile machinery manufacturer Moenus Textilmaschinen AG (Moenchengladbach) has filed to start insolvency proceedings. The company had returned to profit a few months ago and announced in April that it had found a solution for its "difficult financial problems".... read more
UK: Marks & Spencer Appoints New Director
25 July 2001 | just-style.com
Marks & Spencer has appointed John (Jack) Keenan, deputy chief executive of Guinness United Distillers & Vintners, and executive director of Diageo plc, as a non-executive director with effect from September 1 2001. Jack Keenan is a US citizen resident in the UK. He joined IDV and was appointed to the board of Grand Metropolitan plc in March 1996. Prior to this he spent over 30 years with General Foods/Kraft Foods International culminating in his appointment as chairman of Kraft Foods International in 1995.... read more
CHINA: Trade Commission Sets Textile Targets
25 July 2001 | just-style.com
China's State Economic and Trade Commission has released development targets for the country's textile industry for the period until 2005, Asia Pulse reported. Total processing capacity of textile fibre will increase from 12.10 million tons in 2000 to 14.25 million tons by 2005, and the per capita consumption of fibre will increase to 7.4 kg from 6.6 kg.... read more
INDIA: Bombay Dyeing To Move From Mumbai
25 July 2001 | just-style.com
Bombay Dyeing & Manufacturing is to shift its operations from Mumbai to locations in Maharashtra, Nusli Wadia, chairman of Bombay Dyeing, said at the company's annual general meeting yesterday. The move will take place over the next two to five years. The company has received approval from the Maharashtra government to develop the mill land.... read more
INDONESIA: Polysindo Takes Over Subsidiary's $60m Debt
25 July 2001 | just-style.com
Indonesian integrated producer of textiles PT Polysindo Eka Perkasa will take over a $60m debt owed by its subsidiary PT Texmaco Jaya, Asia Pulse reported. The company said the debt included Rp272.04bn ($27.2m) in local currency and interest amounting to $3.16m. The debt transfer, however, is yet to be approved by independent shareholders.... read more
CHINA: Garment Exports Grow To Record Levels In 2000
25 July 2001 | just-style.com
China increased its number of garment export destinations from 130 to 220 in the period from 1996 to 2000 and the total value of came to more than $152.756bn, Asia Pulse reported. The country's garment production has maintained a strong growth since the beginning of the 1980s at 5-10 per cent points higher than the average for the global textile industry.... read more
Bobbin World opens 'windows' to new technology
25 July 2001 | Bobbin Publishing Group
Bobbin World 2001, a triennial worldwide sewn products expo, will offer networking opportunities and new products and services for the entire sewn products industry. Taking place August 15-17 at the Orange County Convention Center in Orlando, FL, the show will have the theme of "Windows to Your World" and feature a streetscape showcasing finished products from eight industry segments, including apparel, upholstered furniture, home textiles, transportation interiors, leather goods, footwear and technical textiles.... read more
HUNGARY: Zara To Launch Fashion Store Network
25 July 2001 | just-style.com
Spain's Zara, part of the Inditex group, plans to launch its retail stores onto the Hungarian market by the end of 2001. Two years ago, Inditex concluded a franchise agreement with holding company Fotex to operate a retail network for Zara garments. The two companies have now agreed to open six shops over the next three years, of which at least one will have a floorspace of 2,000 square metres.... read more
USA: OshKosh B'Gosh Reports Q2 Results
25 July 2001 | just-style.com
OshKosh B'Gosh, Inc today reported net income of $2.5m for the second quarter of 2001, a 6.7 per cent increase over the $2.3m for the second quarter of 2000. Earnings per share for the second quarter increased by 5.3 per cent to $0.20 as compared to $0.19 for the second quarter of 2000. Net income for the first six months of 2001 was $7m or $.55 per share versus $7m or $.56 per share for the same period a year ago.... read more
USA: Russell Corp Announces Additional Restructuring Plans
26 July 2001 | just-style.com
Russell Corporation has expanded its restructuring programme in an attempt to improve its global competitiveness. Included in the latest announcement are plans to align the organisation by distribution channels to provide stronger focus on customer service, supply chain management and cost-effective operations. The new strategic business units will be the mass merchandise channel, artwear or wholesale distributor channel, and department/specialty stores. Russell Fabrics and Russell International will continue to operate as separate divisions.... read more
USA: Skechers Brand Reaches New Heights
26 July 2001 | just-style.com
Skechers USA Inc, a global leader in lifestyle footwear, today announced that net sales for the second quarter of 2001 increased 40.9 per cent to $230.9 million compared to $163.9 million in the second quarter of the previous year. Net income rose 40.1 per cent to $16.8 million versus net income of $12.0 million in the second quarter of 2000.... read more
USA: Tommy Hilfiger Announces Footwear License for Europe
26 July 2001 | just-style.com
Tommy Hilfiger Corporation announced a new licensing agreement with the Hamm Group of Companies, of Germany, for the manufacture and distribution of men's, women's and children's footwear throughout Europe. The line will be introduced at the GDS fair in Dusseldorf in September 2001, and will be available at retail in Spring 2002.... read more
USA: Federated Direct Relaunches Bloomingdales.com
26 July 2001 | just-style.com
Federated Direct, the direct-to-customer subsidiary of Federated Department Stores, Inc, today announced the relaunch of its bloomingdales.com website. The completely redesigned site offers customers fashion tips and editorial content from Bloomingdale's fashion experts, as well as a fresh array of designer boutiques and concept shops. New shopping tools make it easier than ever to browse merchandise and access information about in-store and online events, the company said in a statement.... read more
USA: Texworld Launches VPX Solution
26 July 2001 | just-style.com
Texworld.com Inc announced its latest e-business solution, Vertical Private eXchange or VPX. "Our knowledge of the customer and business processes has enabled us to create a third generation internet based solution (VPX) for the mid market company to control its end-to-end process from sourcing to marketing," said Harish Murthy, regional vice president.... read more
USA: Innovo Reports Profitable Second Quarter
26 July 2001 | just-style.com
Innovo Group Inc, a sales and marketing organisation designing and selling craft, accessory and apparel products to the retail, specialty and premium markets, reported results today for the three months and six months ending June 2, 2001. For the second quarter of 2001, the company's income from operations increased to $84,000 compared to a loss from operations of $656,000 for the corresponding period of the prior year. For the period, net income increased to $41,000 versus a net operating loss of $740,000 for the same period in 2000. The company's move to profitability is attributable to increased revenues, a reduction in expenses pursuant to the company's recent operational restructuring and benefits associated with the company's improved working capital position.... read more
MALAYSIA: Fila Revenues Increase
26 July 2001 | just-style.com
Fila Sport Sdn Bhd expects to increase its revenue by 15 per cent to RM20m by year-end. Its general manager Song Chin Heng told reporters that Fila Sport is confident of achieving the target because of its new marketing strategy. The company plans to set up two more outlets in Kuala Lumpur... read more
USA: Faconnable Plans Boutique Openings Through 2003
26 July 2001 | just-style.com
Faconnable, the upmarket European men's and women's specialty apparel brand, has its sights set on opening an additional New York boutique to complement its existing Manhattan location on Fifth Avenue, in the spring of 2002.... read more
CHINA: Guangdong Province Exports More Silk
26 July 2001 | just-style.com
Guangdong Silk Corporation exported $253.68m worth of silk by the end of June this year, 13.8 per cent more than in the first half of last year, Asia Pulse reported. All 43 subsidiaries of the corporation now have the right to export. Its main exports are garments and grey silk, which mainly go to the United States, EU and Southeast Asian countries. Most of the grey silk is exported to India.... read more
UK: Burberry Sales Still Upwardly Mobile
26 July 2001 | just-style.com
Company Profile:... read more
CHINA: Zhengzhou Baiwen Shares Suspended For One More Month
26 July 2001 | just-style.com
Debt-ridden retailer Zhengzhou Baiwen Co on Thursday said the trading suspension on its shares has been extended until August 27 upon its request, so it can to complete a share transfer vital to its survival. In a notice in Shanghai Securities News, Zhengzhou Baiwen said the share transfer, which was supposed to be completed by June 30, was stalled because the clearing and settlement agency of the Shanghai Stock Exchange refused to transfer the shares due to the lack of necessary documents.... read more
KOREA: Exports To Increase Following WTO Quota Changes
26 July 2001 | just-style.com
The Korean Federation of Textile Industries said exports to the USA of some textile items would increase next year following the lifting of quotas in line with new WTO regulations. The textile lobby expects shipments to the US to increase as Korean-made items, such as suits and clothing accessories, are popular in the US market.... read more
USA: Paxar Announces Restructure
26 July 2001 | just-style.com
Paxar Corporation announced today that it has taken specific actions to enhance revenue growth, increase capital efficiency and lower operating costs. These actions are reflective of the major shift in the retail and apparel industries towards global sourcing and consolidation and the corresponding emphasis on logistics and supply chain management.... read more
SWITZERLAND: New Shoe Puts Wearer On Road To Recovery
26 July 2001 | just-style.com
Bad backs and circulation problems could be cured by a revolutionary new shoe from Switzerland that promises to improve physical problems through its innovative design, the South China Morning Post reported. The makers of the new shoe claim the shoe's beneficial effects are not confined to the feet - but continue in a ripple effect up the whole body right to the very top.... read more
AUSTRALIA: Harvey Norman Buys Rebel
26 July 2001 | just-style.com
Harvey Norman Holdings Ltd said it had extended its 83-cent offer for Rebel Sport Ltd for two weeks. It followed the company's successful grab for more than 50 per cent of Rebel's shares yesterday. The compulsory extension will enable shareholders who had not taken up the offer to do so before 5pm on August 8.... read more
USA: Governors Ask President Bush To Address Textile Problems
26 July 2001 | just-style.com
Governors from Alabama, Georgia, North Carolina and South Carolina have signed a letter to US President George W. Bush to encourage him to use his authority to address the downturn in the domestic textile industry. The governors have taken the action at the request of the Association of Georgia's Textile, Carpet and Consumer Products Manufacturers (GTMA).... read more
USA: Wal-Mart Lays Off HQ Workers
26 July 2001 | just-style.com
Company Profile:... read more
SOUTH KOREA: Haitai Stores Sells Store To Shinsegae
26 July 2001 | just-style.com
Haitai Stores Co said Thursday it would sell its Seoul-based Haitai department store to the Shinsegae Group. The company said it had been promoting the sale of the department store this year as part of a plan under court management and a contract will be signed with the group Friday at a price of 35bn won ($27m).... read more
UK: BTMA Stays Silent On ITMA Withdrawal
26 July 2001 | just-style.com
Just why the British Textile Machinery Association (BTMA) is no longer involved in the organisation of ITMA 2003 is expected to become clear over the next few weeks. The largest textile machinery exhibition in the world is being staged in Britain for the first time, and CEMATEX (the Comite Europeen des Constructeurs de Machines Textiles) insists that the event will go ahead as planned at the National Exhibition Centre in Birmingham - although without the involvement of the BTMA.... read more
USA: Fashionmall.com Reduces Net Loss
27 July 2001 | just-style.com
Fashionmall.com reported total revenue of $868,000 for the second quarter 2001, down 30 per cent from the second quarter of 2000 of $1,233,000. Barter revenue increased both in total dollars and as a percentage of revenue with Q2 2001 barter revenue of $309,000 representing 36 per cent of total revenue compared to $120,000 representing 10 per cent of revenue in Q2 2000.... read more
NEW ZEALAND: Hellaby Sells Stake In Specialty Brands
27 July 2001 | just-style.com
Hellaby Holdings agreed to sell a 30 per cent stake in Specialty Brands, the maker of the Rodd & Gunn and Logan outdoor clothing lines, to Specialty Brands managing director Michael Beagley. Hellaby now owns 53 per cent and development capital investor Greenstone Fund 17 per cent.... read more
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