Industry News


Gildan’s sales up 28% on last year G


ildan has announced its results for the first quarter of 2021.


The results show that the company’s sales of $590m are up 28% on last year. However, these results are not yet back to pre-pandemic level and are down approximately 5% on the first quarter of 2019.


Gildan president and CEO, Glenn J. Chamandy, said: “Our first quarter results reflected a strong start to 2021 as continued benefits from our Back to Basics strategy supported sell-through across


all channels and drove strong operating margin performance, allowing us to deliver net earnings significantly above prior year and first quarter 2019 levels. “While large events have not yet restarted, we continue to be encouraged by the strength of our imprintables business and on the retail side we were pleased with strong double-digit growth in underwear and activewear sales compared to the first quarters of 2020 and 2019.”


Gildan stated that its POS in imprintables channels as it moves from the first


quarter into the second quarter has been running slightly better, with overall POS in US and international markets down approximately 10% compared to pre- pandemic 2019 levels. However, large gatherings have not yet restarted and on the supply chain side Gildan is monitoring labour shortages in the US affecting certain industries, including yarn spinners, tightness in raw material inputs, as well as the impact of port backlogs and transportation-related factors globally. All of this means that Gildan remains cautious about the pace of recovery.


Mimaki announces global innovation days designed to inspire and invigorate the printing industry


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rom June 2 to June 4, Mimaki will host a virtual event, bringing together Mimaki’s regional offices to encourage and nurture innovation in the printing sector.


Led by experts from Mimaki Japan, USA and Europe, Innovation Days will focus on addressing the needs of customers and prospects in their local markets, as well as demands across sectors (sign graphics, industrial, textile and 3D) to overcome today’s challenges and drive success within the industry. Attendees will also have the opportunity


to further explore the newest additions to Mimaki’s product portfolio, the JFX550, JFX600 and SUJV-160, through live demonstrations.


In addition, this joint venture between regional offices offers visitors the unique chance to explore the Mimaki headquarters, with virtual tours of the HQ factory in Japan and the chance to engage with exclusive greetings from the president during the event. Danna Drion, general marketing manager EMEA, said: “Throughout 2020, Mimaki prioritised our customers,


partners and the wider industry, offering online support, education and networking in the absence of in-person tradeshows and showroom tours. “With Innovations Days, we very much wanted to recreate the lively, innovative space of a tradeshow as much as possible. Over these few days, Mimaki experts and the public alike will come together to share collective expertise, engage in discussion, and showcase the application possibilities achievable with brand-new Mimaki technologies.”


Regenex challenges hospitality and healthcare industries to use textile dyeing to help reach low carbon ideals


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ommercial linen revival specialist Regenex has developed new systems in textile colouration, designed to help laundries get the most out of every piece of stock.


The company is expanding its unique dyeing service for tired linen that has lost its original whiteness or colour – to avoid many tonnes of such serviceable material being condemned to landfill. Directors believe colouring or recolouring is an under-utilised solution for hospitality and healthcare linen and are now in talks with customers and contacts about its possibilities. Regenex’s vision for lowering carbon emissions and conserving the world’s resources is set out in a new white


www.printwearandpromotion.co.uk


paper, ‘Don’t dump it, dye it: Getting the most out of linen with coloration’, available as a free download from the Regenex website.


The firm has dyed 75 tonnes of material so far, in trials and smaller contracts – and is now opening up such services to more customers and partners.


Paul Hamilton of Regenex with dyed linen


Paul Hamilton, technical director of Regenex, said: “We have been refining our processes and we’re delighted to open up our dyeing service. This will be a game changer for many laundries, hospitality and healthcare operations. It’s a secret weapon in reaching low carbon ideals.”


June 2021 | 13 |


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