Textiles

Cintas Named One of Forbes’ America’s Best Large Employers

Retrieved on: 
Wednesday, March 20, 2024

Cintas Corporation (Nasdaq: CTAS) has been named to Forbes’ list of America’s Best Large Employers of 2024 for the second straight year.

Key Points: 
  • Cintas Corporation (Nasdaq: CTAS) has been named to Forbes’ list of America’s Best Large Employers of 2024 for the second straight year.
  • Cintas is consistently recognized as a great workplace and was most recently named one of Fortune’s Most Admired Companies in 2024.
  • Last year, Cintas was also recognized by Forbes as one of the Best Employers for Diversity, Best Employers for Women and Best-in-State Employers.
  • Newsweek also named Cintas as one of America’s Greatest Workplaces for Diversity and Greatest Workplaces for Women.

Birmingham Fastener Expands Footprint With Facility in Mexico

Retrieved on: 
Tuesday, March 19, 2024

Birmingham Fastener, a full-service manufacturer and distributor of high-quality specialty fasteners, is expanding to Mexico with the opening of a facility in Querétaro City this month.

Key Points: 
  • Birmingham Fastener, a full-service manufacturer and distributor of high-quality specialty fasteners, is expanding to Mexico with the opening of a facility in Querétaro City this month.
  • Commercial and Aerospace Supply de Mexico S. de R.L de C.V. (CASM) will operate as a wholly owned subsidiary of Birmingham Fastener, with support – including inventory supply – from Alabama Aerospace, Birmingham Fastener’s aerospace and defense branch.
  • “We are excited about Mexico being our first location outside of the U.S.,” says Brad Tinney, president and CEO of Birmingham Fastener.
  • He has 19 years of fastener experience and most recently served as Birmingham Fastener’s outside representative in Mexico.

Kontoor Brands Announces Tom Waldron as Chief Operating Officer

Retrieved on: 
Tuesday, March 19, 2024

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024.

Key Points: 
  • Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024.
  • “We are further advancing our operating model in conjunction with Project Jeanius to simplify our organization and increase speed and efficiency,” said Scott Baxter, President, Chief Executive Officer and Chair of Kontoor Brands.
  • “As the next step, I am pleased to announce that Tom Waldron has been appointed to the position of Chief Operating Officer of Kontoor Brands.
  • This appointment helps to bring together our business and support the next phase of growth and value creation at Kontoor.”
    As Chief Operating Officer, Waldron will assume responsibility for both Wrangler and Lee globally.

The LYCRA Company joins Performance Days seminar on textile recycling

Retrieved on: 
Tuesday, March 19, 2024

The LYCRA Company , a global leader in developing innovative and sustainable solutions for apparel, has announced its participation in seminars held during Performance Days Munich, March 20-21 in Germany.

Key Points: 
  • The LYCRA Company , a global leader in developing innovative and sustainable solutions for apparel, has announced its participation in seminars held during Performance Days Munich, March 20-21 in Germany.
  • The seminars will explore the current state of polyester recycling from textile waste, and is hosted by Accelerating Circularity, an action-oriented non-profit organization focused on textile-to-textile recycling systems on a commercial scale.
  • View the full release here: https://www.businesswire.com/news/home/20240319124549/en/
    Jean Hegedus, The LYCRA Company’s Director of Sustainable Business Development, will be a panelist at Performance Days from March 20 to 21 in Munich, Germany.
  • The LYCRA Company has been a leader in the development of specialty polyester fibers made from textile waste, offering COOLMAX® and THERMOLITE® EcoMade fibers made from 100% textile waste since 2021.

Neenah Industrial Solutions Rebrands to Indafor, Reflecting its Mission of Collaboration and Innovation

Retrieved on: 
Monday, March 18, 2024

Neenah Industrial Solutions, a Mativ brand and leading manufacturer of critical components and specialty solutions, today announces a name change and rebrand to Indafor.

Key Points: 
  • Neenah Industrial Solutions, a Mativ brand and leading manufacturer of critical components and specialty solutions, today announces a name change and rebrand to Indafor.
  • The new Indafor name pays homage to the brand’s more than a century-old history of strength, innovation, and industrial solutions by marrying the words industrial and the Latin word for strong, fortis.
  • With the rebranding also comes a modern website , allowing customers to view all Indafor’s solutions, capabilities, sustainable activities, and markets, serving as a more friendly user experience.
  • From now on, sales and marketing materials will be clearly branded with the Indafor color palette and messaging.

Walmart and unspun Collaborate on 3D Fabric Weaving Technology, Aiming To Reduce Apparel Manufacturing Waste and Drive US-Based Manufacturing

Retrieved on: 
Thursday, March 14, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240314778881/en/
    Walmart and unspun work together to reduce the environmental impact of garment production.
  • These issues, combined with the emissions generated from transporting garments and fabrics supplied offshore, have created demand for more sustainable apparel manufacturing supply chain solutions.
  • In July 2023, Walmart announced a pilot for innovative carbon capture and conversion technology also for the apparel manufacturing supply chain.
  • In its own operations, Walmart has set a goal to be powered 50% by renewable energy by 2025 and 100% by 2035.

G-III Apparel Group, Ltd. Reports Fourth Quarter and Full-Year Fiscal 2024 Results; Provides Fiscal 2025 Outlook

Retrieved on: 
Thursday, March 14, 2024

G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024.

Key Points: 
  • G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024.
  • Last year’s fourth quarter included a $291.5 million non-cash goodwill impairment charge, net of tax, or $6.19 per share.
  • Non-GAAP net income per diluted share was $0.76 for the fourth quarter compared to $0.41 in the same period last year.
  • This compares to non-GAAP net income of $6.0 million, or $0.13 per diluted share, for the first quarter of fiscal 2024.

Hanes Adds SuperSoft Styles to Originals Collection, Its Softest Innovation in More Than a Century

Retrieved on: 
Thursday, March 14, 2024

The line builds upon Hanes Originals, a bold and youthful collection of body basics that delivers modern styles without sacrificing comfort.

Key Points: 
  • The line builds upon Hanes Originals, a bold and youthful collection of body basics that delivers modern styles without sacrificing comfort.
  • The line builds upon Hanes Originals, a bold and youthful collection of body basics that delivers modern styles without sacrificing comfort.
  • Hanes Originals SuperSoft styles are now available on Hanes.com , and consumers can experience the revolutionary softness by visiting Hanes retail stores and authorized retailers nationwide, including Amazon, Target, Walmart and Kohl’s.
  • For more information about Hanes Originals SuperSoft styles, visit www.hanes.com or follow us on Instagram , Facebook , Twitter , TikTok , and YouTube .

Cintas Reveals This Year’s Top 10 Finalists in its Custodian of the Year Contest

Retrieved on: 
Thursday, March 14, 2024

Cintas Corporation (Nasdaq: CTAS) today announced the top 10 finalists in its 11th annual Cintas Custodian of the Year contest.

Key Points: 
  • Cintas Corporation (Nasdaq: CTAS) today announced the top 10 finalists in its 11th annual Cintas Custodian of the Year contest.
  • View the full release here: https://www.businesswire.com/news/home/20240314205200/en/
    Cintas has announced the top 10 finalists in its 11th annual Cintas Custodian of the Year contest.
  • Cintas will award $10,000 to the winning custodian and $5,000 in Cintas and Rubbermaid Commercial products and services to the winner’s school.
  • A Custodian of the Year logo, as well as photos of the top 10 finalists, are available via Dropbox here .

PUMA Reduces Greenhouse Gas Emissions by 24% in 2023

Retrieved on: 
Wednesday, March 13, 2024

Sports company PUMA reduced its greenhouse gas emissions by 24% in 2023 compared to 2022, despite a strong sales growth.

Key Points: 
  • Sports company PUMA reduced its greenhouse gas emissions by 24% in 2023 compared to 2022, despite a strong sales growth.
  • View the full release here: https://www.businesswire.com/news/home/20240313721861/en/
    Sports company PUMA reduced its greenhouse gas emissions by 24% in 2023 compared to 2022, despite a strong sales growth.
  • Compared with the 2017 baseline, this means an absolute greenhouse gas emission reduction of 29%.
  • sustainability strategy and our 10FOR25 targets.”
    With an 85% reduction of own emissions and a 65% reduction of supply chain emissions relative to sales, PUMA achieved its first science-based greenhouse gas reduction target in 2023, seven years ahead of the target year 2030.