Industry News A
AS Colour ranks highly in the 2021 Ethical Fashion Report
S Colour has joined brands such as Nike, Puma and Patagonia in receiving an A grade in the 2021 Ethical Fashion Report. 98 companies, representing 420 brands, were comprehensively surveyed across 18 different facets of their supply chains broadly covering: policies and governance, tracing and risk, supplier relationships and human rights monitoring, worker empowerment and environmental sustainability. Each company received a grade from A+ to F based on the evidence made available either publicly or directly to the Ethical Fashion Report research team. AS Colour received an overall grade of A. One partnership of AS Colour’s that was highlighted in the report, was the brand’s
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relationship with Reemi – a non-profi t organisation that works to prioritise women’s health in the garment industry. Together, they provide health education and innovative, culturally appropriate, self-sterilising menstrual solutions to female garment workers in two of AS Colour’s factories. Shanne Pritchard, production and compliance manager, AS Colour, said: ‘’Being graded can be a nerve-wracking experience for businesses, but we found it a very positive exercise. There is defi nitely a lot of work that goes into our involvement, but throughout the process, you get to highlight and look back on, the policies or work, you constantly chip away at. Through this process you gain a fresh perspective of their importance, while also seeing the areas we fall short in. “We chose to engage with the Ethical
The 2021 Ethical Fashion Report
Fashion Report, as we believe companies have a responsibility to minimise their footprint and use their power to make the future of their industry better. The report provides a level of accountability that aids brands responsibility. It’s also important to us that we track whether the work we are doing, is meeting the needs of our industry, and this report gives us a space to do that.”
Gildan’s sales volumes return to pre-pandemic levels
ildan Activewear has reported record results for the third quarter of 2021, with sales volumes now
above pre-pandemic levels.
Glenn J. Chamandy, Gildan president and CEO, said: “Our record performance for the third quarter was driven by the improved economics of our business, underpinned by our Back to Basics model, the operational excellence of our team and the ongoing recovery in demand, which drove sales volumes which are now above pre-pandemic levels. “Further, I feel confi dent that our team will continue to navigate through the tight supply chain environment, manage
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infl ationary pressures and deliver results for our shareholders as we continue to move forward.”
Gildan generated sales of $802 million for the quarter, up 33% over the prior and 8% above the third quarter of 2019. Activewear sales reached $656 million, up 44% on the third quarter of 2020. A gross profi t of $282 million was achieved during the quarter. Gildan reports that recovery from the pandemic continues to progress well in North America driving positive POS trends compared to pre-COVID 2019 levels. Further, while supply chain tightness in certain areas and rising infl ationary pressure are creating
New features added to Roland DG Connect
oland DG has announced the release of Roland DG Connect version 1.1, which includes new features to increase the visualisation of printer operation status and profi tability for an expanded range of products. Introduced earlier this year, Roland DG Connect was developed with the aim to improve customer satisfaction and success by providing a more comfortable and stable operating environment, improved workfl ow effi ciency, increased business development and profi tability, and to enable people with different skills,
www.printwearandpromotion.co.uk
goals, and requirements to collaborate and share ideas.
With this update, a new printer monitoring function is included, allowing customers to check the operational status of multiple printers in real time. It also features a business dashboard that allows users to perform simple profi t and cost calculations by entering the unit selling price of the output and the prices of ink and media. The system helps foster increased profi tability by setting appropriate sales prices and increasing cost awareness. The software is now available to an
headwinds across the industry, Gildan believes its relative positioning is strong given its vertically-integrated manufacturing platform. This combined with recent pricing actions implemented in the fourth quarter this year, gives Gildan confi dence that it is well positioned to manage through current infl ationary pressures and to continue to be in a position to deliver on its operating margin target.
More importantly, as Gildan’s focus shifts to a capacity, innovation and ESG-driven, sustainable growth strategy, it gives Gildan confi dence that it is well placed to capitalise on market share opportunities and create long term value for its shareholders.
even wider range of customers, with the tool now compatible with the VersaUV LEC2-330/640 UV-LED printer/cutters and the LEC2 S-series printers with fl atbed/ belt transfer system.
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