Textiles

UNIFI®, Makers of REPREVE®, Commits to Transforming the Equivalent of 1.5 Billion T-Shirts Worth of Textile and Yarn Waste by FY2030 in New Sustainability Snapshot

Retrieved on: 
Wednesday, February 28, 2024
Chemicals, Plastics, Environment, Manufacturing, Sustainability, Other Manufacturing, Textiles, Unifi, Sustainability Accounting Standards Board, Sustainability accounting, Snapshot, UFI, Recycling, GRI

UNIFI, Inc. (NYSE: UFI ) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today released its Sustainability Snapshot for FY2023.

Key Points: 
  • UNIFI, Inc. (NYSE: UFI ) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today released its Sustainability Snapshot for FY2023.
  • The Snapshot shares impactful updates on UNIFI’s innovative sustainability mission, waste reduction achievements, and future goals.
  • With its release, UNIFI debuted its pioneering T-shirt equivalent metric and set an ambitious textile-to-textile recycling target to transform the equivalent of 1.5 billion T-shirts worth of textile and yarn waste into new products by FY2030.
  • The Snapshot has been guided by the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks.

FIGS Releases Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Fashion, Nursing, Medical Supplies, Retail, Health, Manufacturing, Textiles, CFO, International, FTI Consulting, Interim management, Certified Public Accountant, Regulation, Accounting, AOV, Marketing, Growth, Retirement, Square, Entrepreneurship, Interim, Income tax, GAAP, Arthur Andersen, Webcast, Public expenditure, LLP, Regulation S-K, Insurance, Depreciation, KPMG

FIGS, Inc. (NYSE: FIGS) (the “Company”), the direct-to-consumer apparel and lifestyle brand dedicated to the healthcare community, today released its fourth quarter and full year 2023 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/ .

Key Points: 
  • FIGS, Inc. (NYSE: FIGS) (the “Company”), the direct-to-consumer apparel and lifestyle brand dedicated to the healthcare community, today released its fourth quarter and full year 2023 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/ .
  • Net income margin(2) was 6.9%, as compared to 2.3% in the same period last year.
  • We are taking swift action to rebuild momentum and reignite the word of mouth flywheel that has driven our success as a digital brand.
  • ET to discuss the Company’s financial and business results and outlook.

Kontoor Brands Reports 2023 Fourth Quarter and Full Year Results; Provides 2024 Outlook and Announces Project Jeanius Global Transformation

Retrieved on: 
Wednesday, February 28, 2024
Fashion, Online Retail, Retail, Manufacturing, Specialty, Textiles, Lee, ERP, International, Expense, Kontoor Brands, POS, Forecasting, Investment, Share repurchase, Wrangler, Digital, Growth, Capital expenditure, Female, Line of credit, Ratio, United States Customs Service, GAAP, KTB, Administration, Jeanius, EPS, Internet, Environment, DTC, Music

“Our POS performance in the U.S. outpaced shipments in the fourth quarter and resulted in continued market share gains.

Key Points: 
  • “Our POS performance in the U.S. outpaced shipments in the fourth quarter and resulted in continued market share gains.
  • Selling, General & Administrative (SG&A) expenses were $204 million or 30.5 percent of revenue on a reported basis in the fourth quarter.
  • The Company anticipates the impact from Project Jeanius to begin in the fourth quarter of 2024, with more significant benefits expected in 2025 and 2026.
  • Kontoor Brands will host its fourth quarter and full year 2023 conference call beginning at 8:30 a.m. Eastern Time today, February 28, 2024.

GMS to Present at the Raymond James 45th Annual Institutional Investors Conference

Retrieved on: 
Tuesday, February 27, 2024
Other Manufacturing, Commercial Building & Real Estate, Textiles, Construction & Property, Steel, Manufacturing, Building Systems, Other Construction & Property, Residential Building & Real Estate, GMS, Conference

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, is scheduled to present at the Raymond James 45th Annual Institutional Investors Conference on Tuesday, March 5, 2024 at 3:25 PM Eastern Time.

Key Points: 
  • GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, is scheduled to present at the Raymond James 45th Annual Institutional Investors Conference on Tuesday, March 5, 2024 at 3:25 PM Eastern Time.
  • The presentation will be webcast live on the Investors section of the Company’s website at www.gms.com and an archived replay will be available for approximately 180 days.

PUMA to become the new kit supplier of RB Leipzig

Retrieved on: 
Tuesday, February 27, 2024
Textiles, Licensing (Sports), Sports, General Sports, Other Retail, Soccer, Manufacturing, Fashion, Retail, Footwear, RB, DFL, Football, Multimedia, Bundesliga, Marketing, Partnership, Culture, RB Leipzig, PUMA, Red Bull Arena, Cobra Golf, Athlete, Sport

Sports company PUMA has signed a long-term partnership with Bundesliga football club RB Leipzig and will equip all men’s, women’s and youth teams from the 2024/25 season onwards.

Key Points: 
  • Sports company PUMA has signed a long-term partnership with Bundesliga football club RB Leipzig and will equip all men’s, women’s and youth teams from the 2024/25 season onwards.
  • View the full release here: https://www.businesswire.com/news/home/20240227678721/en/
    Sports company PUMA has signed a long-term partnership with Bundesliga football club RB Leipzig and will equip all men’s, women’s and youth teams from the 2024/25 season onwards.
  • “The Red Bulls of RB Leipzig have made a name for themselves in a very short time, not just in Germany but also internationally,” said PUMA CEO Arne Freundt.
  • For RB Leipzig, the partnership with PUMA is another big and important step in the development of the club,” said Johann Plenge, Managing Director of RB Leipzig.

Westlake Epoxy Receives ISCC PLUS Certification at its Duisburg, Germany Site

Retrieved on: 
Tuesday, February 27, 2024
Other Manufacturing, Environment, Textiles, Packaging, Automotive Manufacturing, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, Carbon, Adhesive, Electronics, Westlake Corporation, Corporation, Certification, ISCC

Westlake Corporation (NYSE: WLK) announced today that its Westlake Epoxy Duisburg, Germany manufacturing site has received the International Sustainability & Carbon Plus (ISCC PLUS) certification.

Key Points: 
  • Westlake Corporation (NYSE: WLK) announced today that its Westlake Epoxy Duisburg, Germany manufacturing site has received the International Sustainability & Carbon Plus (ISCC PLUS) certification.
  • The site received mass balance certification for its tracing and handling of sustainable materials in the production of epoxy specialty products.
  • This is the second Westlake Epoxy site in Europe to receive ISCC PLUS certification.
  • The Westlake Epoxy strategy is aligned with other businesses in Europe such as Westlake Vinnolit, whose sites are all ISCC PLUS certified.

PPG recognized as only paint and coatings manufacturer on Barron’s 100 Most Sustainable U.S. Companies list

Retrieved on: 
Tuesday, February 27, 2024
Textiles, Construction & Property, Engineering, Chemicals, Plastics, Professional Services, Interior Design, Building Systems, Manufacturing, Environmental, Social and Governance (ESG), Other Construction & Property, Creativity, ESG

PPG (NYSE:PPG) today announced that it has been recognized on Barron’s 100 Most Sustainable Companies list, ranking No.

Key Points: 
  • PPG (NYSE:PPG) today announced that it has been recognized on Barron’s 100 Most Sustainable Companies list, ranking No.
  • 43 out of the 1,000 largest publicly traded companies in the U.S. for its performance across environmental, social and governance (ESG) indicators.
  • Companies receive a score from zero to 100 based on their performance within each category.
  • PPG received a final score of 70, placing it in the top 5% of all evaluated companies.

Global Textile Recycling Market Report 2024 - Textile Recycling Market Shows Promising Growth with Increasing Sustainability Focus - ResearchAndMarkets.com

Retrieved on: 
Monday, February 26, 2024
Recycling, Textiles, Environment, Manufacturing, GDP, Growth, Research, Developed country, Clothing

The growth in apparel and home furnishing industries and strict standards for textile waste further drive the global textile recycling market.

Key Points: 
  • The growth in apparel and home furnishing industries and strict standards for textile waste further drive the global textile recycling market.
  • The report estimates that the growth of the global textile recycling market, globally and regionally, will represent national and regional output growth rates.
  • The growth in the automotive industry and increasing textile waste collection further drive the global textile recycling market.
  • The report will include details about various types of materials used in textile recycling, end-use industries for textile recycling, distribution channels of textile recycling, types of textile waste, and processes of textile recycling.

Cascale to Host Manufacturer Forum in Bangladesh

Retrieved on: 
Tuesday, February 27, 2024
Supply Chain Management, Other Retail, Sustainability, Environmental Health, Consumer, Environment, Fashion, Other Manufacturing, Textiles, Retail, Climate Change, Manufacturing, MCAP, Primark, Social, BGMEA, Learning, Gesellschaft mit beschränkter Haftung, Health, Covenant Baptist Theological Seminary, Organization, Policy, SAC, GIZ, SLCP, FEM, Speech, Face, BAE, Clothing

Cascale (formerly the Sustainable Apparel Coalition) will host its first Manufacturer Forum of 2024 on March 6 in Dhaka, Bangladesh; the event will be held alongside the Sustainable Apparel Forum, which will be hosted by the Bangladesh Apparel Exchange on March 5.

Key Points: 
  • Cascale (formerly the Sustainable Apparel Coalition) will host its first Manufacturer Forum of 2024 on March 6 in Dhaka, Bangladesh; the event will be held alongside the Sustainable Apparel Forum, which will be hosted by the Bangladesh Apparel Exchange on March 5.
  • Over 200 attendees are expected at the Manufacturer Forum: Dhaka, where they will gain insights into the newly launched Manufacturer Climate Action Program (MCAP), Higg Index suite of tools, and critical policy developments.
  • “We are thrilled to host our inaugural Manufacturer Forum of 2024 in Bangladesh and privileged that such an important sourcing hub, known for its craft and expertise, will be the first place we will showcase a new era for Cascale,” said Andrew Martin, executive vice president, Cascale, who will give the opening address.
  • Additional speakers include Cascale global team members and Cascale members Primark, ELEVATE, a LRQA Company, and CYCLO® recycled fibers, among others.

FIGS Announces Participation in the Raymond James 45th Annual Institutional Investors Conference

Retrieved on: 
Monday, February 26, 2024
Nursing, Textiles, Medical Supplies, Hospitals, Specialty, Manufacturing, Fashion, Health, Retail, Internet, Entrepreneurship, Conference

FIGS, Inc. (NYSE: FIGS), the direct-to-consumer apparel and lifestyle brand dedicated to the healthcare community, today announced that Trina Spear, Chief Executive Officer and Co-Founder, and Daniella Turenshine, Chief Financial Officer, are scheduled to participate in a fireside chat at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024, at 4:35 p.m.

Key Points: 
  • FIGS, Inc. (NYSE: FIGS), the direct-to-consumer apparel and lifestyle brand dedicated to the healthcare community, today announced that Trina Spear, Chief Executive Officer and Co-Founder, and Daniella Turenshine, Chief Financial Officer, are scheduled to participate in a fireside chat at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024, at 4:35 p.m.
  • ET.
  • The audio portion of the fireside chat will be webcast live over the internet and can be accessed at https://ir.wearfigs.com .
  • An online archive will be available on that site for a period of 90 days following the fireside chat.