According to the findings of a new global consumer study released by IBM’s Institute for Business Value (IBV), respondents surveyed are mostly confident in the safety, effectiveness, and distribution of the COVID-19 vaccines and indicate a desire to return to ‘normalcy’ after being vaccinated. But different rules, personal preferences, and social norms formed during the last year mean that key industries need to provide more personalized marketing and client experiences to remain competitive and engage successfully with consumers.
Category: Apparel
Moody’s: Apparel Industry Facing Risks From Environmental And Social Scrutiny
Increasing sustainability scrutiny will create long-term challenges for many global apparel companies’ credit quality and drive value chain transformation, Moody’s Investors Service said in a report.
The U.S. Cotton Trust Protocol Joins Sustainable Apparel Coalition
The U.S. Cotton Trust Protocol announced its membership in the Sustainable Apparel Coalition (SAC), the alliance for sustainable production in the apparel, footwear and textile industries.
Nordstrom Announces Closing Of $675 Million Of Senior Unsecured Notes
Nordstrom Inc. announced the closing of its previously announced offering of $250 million aggregate principal amount of its 2.300 percent senior notes due 2024 and $425 million aggregate principal amount of its 4.250 percent senior notes due 2031.
SITKA Opens Retail Store In Bozeman, MT
SITKA announced the opening of its first experience center, the SITKA Depot. The 3,000-square-foot retail store will offer a full brand experience.
Buckle’s March Sales Triple
Buckle Inc. announced that net sales for the 5-week fiscal month ended April 3, 2021, increased 240.2 percent to $139.4 million from net sales of $41.0 million for the prior year 5-week fiscal month ended April 4, 2020.
VF Corp Opens New Warehouse In Leicestershire
VF Corporation, through its local subsidiary VF Northern Europe Limited, announced it has begun operations at its new multimillion-dollar fulfillment center in Bardon, Leicestershire, England employing approximately 250 people during peak periods.
Galvin Green Appoints New GM And Sales Director In North America
Galvin Green has appointed Tom Romano as its new general manager in North America and Lou Delfino as director of sales to accelerate its growth plans in the U.S.
Nike And Lululemon Gain Ground In Piper Sandler’s Semi-Annual Teen Survey
Nike and Lululemon earned new highs is mindshare while Under Armour’s improved, according to Piper Sandler’s 41st Semi-Annual Generation Z Survey. Adidas fell to No. 5 in clothing mindshare, the brand’s lowest level since Fall 2017.
North Face Innovation Expert To Lead Stanford’s LifeLabs Textile Start-Up
Scott Mellin, who previously served as the innovation leader at The North Face for FutureLight and The Advanced Mountain Kit, has been named CEO of LifeLabs Design, Inc., a Stanford University-supported textile start-up focused on sustainable solutions.
NRF: Retail Import Surge Expected Through Summer
The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Under Armour Marketing Exec Joins Walmart
Walmart appointed Courtney Carlson, former head of North American marketing at Under Armour, as SVP of category marketing, developing strategies and programs for its core retail business units.
New Balance Appoints Creative Director MADE In USA
New Balance has appointed Teddy Santis creative director of its MADE In USA sub-line.
G-III Apparel’s Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings of G-III Apparel Group Ltd. to Stable From Negative as profit and free operating cash flow generation significantly outperformed its expectations in fiscal 2021.
Former Nike Marketing Manager Pleads Guilty In Criminal Case
Errol Andam, a former Nike marketing manager, pled guilty to alleged wire and mail fraud, according to The Oregonian. In early February, federal prosecutors claimed that Andam defrauded Nike of nearly $1.5 million. He was accused of wire fraud, money laundering and making false statements on a loan application as part of a scheme to defraud Nike.
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