Blog: Leonie BarrieQuote/unquote: IMB 2009

Leonie Barrie | 23 April 2009

A look at the impact of the current economic downturn on technology investment in the apparel industry, along with an overview of some of the new product launches at the IMB exhibition in Cologne, will appear on just-style next week. Until then, here are some of the most memorable quotes from the first two days at the show.

“There is so much pain in the industry at the moment” – Andrew Brown, managing director, Fast React Systems.

“I believe the economic downturn will shape the fashion market more than the end of quotas” – Daniel Harari, CEO, Lectra.

“Companies need to position themselves to get through the economic slowdown. In race-car driving, when there’s a crash everyone has to slow down, but the smart ones are manoeuvring: they’re refuelling and getting new tyres to help them overtake and get a head start” – Ed Gribbin, president, AlvaInsight.

“Companies that previously said they were too busy are now taking a breath and are investing and preparing for when the uptick comes” – Andrew Dalziel, Lawson marketing director for fashion.

 “Companies will have to revisit everything they do. When there’s a shakeout there are winners and losers. Who will win? We don’t know, but it will be very different. It’s a complete re-shape” – Daniel Harari, CEO, Lectra. 

“There has been a natural culling of excess in the market; a natural survival of the fittest purge. The strong will get stronger and consolidation is already happening. The apparel industry will come out of this in better shape” – Ed Gribbin, president, AlvaInsight.


HOT ISSUE

IMB 2009

Despite taking place against a gloomy economic backdrop, the IMB – World of Textile Processing trade show in Cologne last week certainly didn’t disappoint when it came to new products and innovations....

BLOG

Act now to keep receiving just-style newsletters

You may have noticed a red alert bar at the top of just-style’s weekly and daily newsletters asking you to “Act now to keep receiving the just-style newsletter.” ...

BLOG

Apparel imports into the US rose in June

Apparel imports into the US rose in June as merchants stocked up for summer and prepared for the back-to-school season, with imports from Vietnam continuing to surge....

BLOG

US retailers under pressure to grow sales as mall traffic slows

Under Armour is to close stores and cut jobs – around 2% of the company's global workforce – as part of new plans to build a stronger and smarter company with faster go-to-market speed and greater dig...

just-style homepage



Forgot your password?