Industry News - February 2003
Exact Software Co. has been named to Deloitte & Touche's "Fast 50," For the Delaware Valley region. The Fast 50 program honors and ranks the 50 fastest-growing technology companies by U.S. region based on the companies' percentage of revenue growth during the past five years. To qualify for the Fast 50, companies must be headquartered in the region being ranked, and must be technology companies, defined as companies that produce technology, manufacture a technology product, are technologically intensive, use technology in problem-solving or devote a high percentage of effort to research and development of technology. Winners of the 19 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche "Technology Fast 500" program, which ranks the nation's top 500 fastest-growing technology companies.
Hanes was rated America's favorite brand of clothing in multiple categories for the third consecutive year in the 2002 Top Brands survey conducted for DSN Retailing Today. The company took top honors in the men's, women's and intimates apparel categories and placed second in children's apparel. More than 900 U.S. households were interviewed about 17 categories of goods, from clothing to candy, sold in discount stores or superstores such as Wal-Mart, Kmart and Target. In the intimate apparel category, four of the top seven brands - Hanes Her Way, Playtex, Bali and Just My Size - are members of the Sara Lee Branded Apparel family. In women's apparel, Hanes Her Way was the top choice, while Hanes won in the men's apparel category.
Maid Bess Corp. has changed its name to Integrated Textile Solutions Inc. (ITS). With the new name, the company reports it will expand its capabilities and update its brand image. For 66 years, the company has been a contract manufacturer of sewn products and provider of labor services. From its 90,000-square-foot facility in Salem, VA, ITS serves businesses throughout the United States.
Phillips-Van Heusen has entered into a deal to buy fashion label Calvin Klein for $430 million. The New York-based Van Heusen said it will pay $400 million in cash and about $30 million in stock for the 34-year-old label, which was put up for sale in 1999. The agreement includes the design studio and several licenses for Calvin Klein products, but not the popular jeanswear and underwear brands, which are controlled by Warnaco. The deal is expected to close by the end of this month.
P&O Nedlloyd has completed its supply chain security profile commitment and has been accepted as a full partner in the Customs-Trade Partnership Against Terrorism (C-TPAT) program.
Shore To Shore Guatemala was awarded first place in the Occupational Safety and Security In the Workplace program, presented by VESTEX and AGEXPRONT. Shore To Shore Guatemala's first-place award was in the "Trims and Service Companies" category. The program was started to raise the level of safety in the workplace in Guatemala's apparel industry.
SKECHERS USA Inc. announced that Kids Headquarters has been named the licensee for Skechers-branded boys' and girls' activewear and sportswear in the United States. Skechers children's apparel, including outerwear and coordinating headwear, will be launched for the 2003 back-to-school selling season. Kids Headquarters will design and distribute children's tops and bottoms in denim, woven and knit materials, as well as coordinating outerwear and headwear, using select Skechers logos.
"Given the success of our kids' line and the brand loyalty from a young age, we believe children's clothing is a natural entree into the apparel business - and Kids Headquarters' reputation and quality designs allowed us to offer boys and girls the opportunity to dress from head to toe in Skechers starting with back to school 2003," Michael Greenberg, president, Skechers USA, told Apparel. The clothing, available in boys' sizes 4 to 20 and girls' sizes 4 to 16, will be launched to the industry this month at MAGIC, and will be showcased at the newly designed Skechers Kids apparel showroom at Kids Headquarters' offices in New York City. As for Skechers' future plans for expansion, Greenberg notes that the company is reviewing numerous opportunities for licensing the various Skechers brands.
The Young Menswear Association honored the following with AMY Awards: Stuart M. Goldblatt, senior vice president of men's wear for Federated Merchandising Group; Tom Murry, president and COO of Calvin Klein Inc.; and Bobbi Silten, president of the Dockers and Slates divisions of Levi Strauss & Co. The executives were recognized at the 2003 AMY Awards Scholarship Fund Dinner/Dance last month. Proceeds from the AMY Awards Dinner provide scholarships for talented and needy students at the country's leading fashion, apparel and textile colleges.