Home Apparel Twitter map of APP logo

Apparel Magazine

CONTACT US | SUBSCRIBE | NEWSLETTER | RSS Feeds RSS FEEDS

Welcome, Guest |   Sign In   |   Register  
Apparel Magazine
 
Print Email Page RSS Feeds

Posted Date: 8/1/2003

Industry Notes - August 2003

Apparel Search Co. introduced a new division, Apparel Search Logistics, to provide supply chain management consultation services to the clothing and textile industries. Apparel Search Logistics reports that it specializes in reviewing supply chain processes and providing customized solutions to guide clients through the implementation of time- and cost-saving improvements, including technology implementation assistance.

Gerber Technology announced profits of $13.4 million and revenues of $154.1 million for its fiscal year ended April 30, 2003, compared with profits of $10.5 million and revenues of $158.1 million in the prior year. Gerber Technology is one of four businesses of Gerber Scientific. In May, Gerber Scientific reported revenues of $512.4 million compared with revenues of $498.9 million one year ago, and after-tax income from continuing operations of $8.2 million, up from a loss of $5.9 million last year. The company also reduced its debt by $42.1 million for the fiscal year and secured a four-year $110.0 million senior credit facility arranged by Fleet Securities Inc., completing its planned refinancing on schedule. At the time of publication, the company's stock was valued at $7.95 compared to $3.60 one year ago.

Nester Software Technologies Inc. and Albrecht Bumer GmbH & Co. KG have formed an agreement in which Albrecht Bumer will become the exclusive worldwide distributor of the NESTERfoamT automatic foam nesting software solution. NESTERfoamT has been fully integrated with Albrecht Bumer's WINCAP CAD/CAM system.

Russell Corp. has purchased the brand names, inventory, contracts and related assets of Spalding Sports Worldwide for $65 million. The agreement covers ownership of the Spalding and Dudley names for all products. It also includes Sherrin, a brand of Australian football equipment and contracts for more than 60 licensees globally for apparel, shoes, sporting goods and related products.

VF Corp. announced in July it would acquire Nautica Enterprises Inc. for approximately $585.6 million. VF chairman and CEO Mackey McDonald said the pending acquisition will bring VF a powerful lifestyle brand, and strengthen VF's department store presence. David Chu, Nautica Enterprises vice chairman, said the transaction will enable the Nautica brand to maximize its potential.

Zara, the Spanish fashion chain, added large-sized apparel at its European stores earlier this year following a rise in demand. The company had stopped production at size 42 in Europe (equivalent to U.S. size 10, U.K. size 12), but will now produce 10 percent to 20 percent of its most costly styles up to European sizes 44 and 46 (equivalent to U.S. sizes 12 and 14, U.K. sizes 14 and 16).

 

Rate this Content (5 Being the Best)
12345
Current rating: 0 (0 ratings)

 


Discover How To Keep Up With More of Your Mobile Customers
6/24/2014 11:00:00 AM (EST)
Moderator:
Susan Nichols, Publisher, Apparel Magazine
Panelists:
Ron Klein, "Total Retail" Service Leader, PwC Advisory
Annabelle Hoover, Director of Customer Service, North America, BROOKS SPORTS, INC.
Marie-Pascale Authie, Solution Consultant, Infor Fashion
Bob McKee, Industry Strategy Director, Infor Fashion
View On Demand

Planning in the Omnichannel World with a Single View of Inventory
5/13/2014 11:00:00 AM (EST)
Moderator:
Susan Nichols, Publisher, Apparel Magazine
Panelists:
Rich Pedott, Partner, Columbus Consulting
Peter Charness, SVP America’s & CMO, TXT MAPLE LAKE
View On Demand

The Reinvention of B2B eCommerce The Reinvention of B2B eCommerce
5/1/2014
Online sales and marketing vehicles are one of the most important channels fashion has for engaging with customers, but optimizing the value of your electronic interactions can be a complex undertaking. Front-end websites must be user-friendly and smart, but just as critical is tight integration to the back office systems used to produce, manage, and control the products you sell. If you cannot create an online platform that delivers across all fronts, you’re missing critical opportunities to engage with customers, increase sales, and extend your market reach across global time zones. Read this White Paper – authored by Bob McKee, Infor Industry Strategy Director, where he will share insights into the eCommerce market and just how Fashion companies can deliver on a 24/7 sales economy.

Download Now

Benefit-Based Promotions: How to Capture Real Value Without Giving Away the Store Benefit-Based Promotions: How to Capture Real Value Without Giving Away the Store
5/1/2014
L.E.K. Consulting discusses how retailers can avoid promotional traps by using the benefit-based promotional strategy to garner higher same-store sales and more profitable and incremental sales.
Download Now



MEDIA KIT | EDITORIAL BOARD | PRIVACY STATEMENT | TERMS & CONDITIONS | CONTACT US
All materials on this site Copyright Edgell Communications. All rights reserved.