Industry News
Continued price reduction campaign R
esult has reduced prices for its key styles in September. Owner and managing director David Sanders-Smith explained: “Result has hugely benefited from increased demand for product which has enabled us to reinvest in up-to-date machinery at several of our main offshore production sites resulting in greater and more efficient increased output. “Our production costs have
exponentially reduced and, along with shipping costs from Far East back to below pre-pandemic rates, we are pleased to pass on these savings directly to customers, via our distributors.” Result has noticeably held back from introducing any new styles since mid- 2020 but as Mr Sanders-Smith disclosed: “It has been crucial for Result to keep customers assured of price and stock stability so we strategically concentrated
Gildan publishes ESG report
all our production on delivering current styles. We removed slow moving styles and reacted to customer requests by introducing new colours, but new styles were put on hold until we could justify the need for them.
“We believe now is the time for CORE value however, and Result is pleased to be introducing new recycled styles for 2024 for which there is a genuine market need at fabulous price points.”
YPS to present at The Print Show
Y G
ildan Activewear has announced that it has published its latest Environmental, Social, and Governance (ESG) report, marking the Company’s 19th year of public ESG disclosures. The report highlights Gildan’s 2022 performance against key targets and the strong momentum generated across all of its global operations in the first year of activating its Next Generation ESG strategy. “Looking back at 2022, I am pleased with our continued commitment to ESG across our operations and our enhanced processes and cross-functional collaboration and accountability,” says Glenn J. Chamandy, president and CEO of Gildan. “ESG is one of the three core pillars of our Gildan Sustainable Growth (GSG) business strategy, and as we continue our journey towards achieving our 2030 ESG targets, we are committed to delivering and reporting on our progress.”
2022 ESG highlights: • Tied 25% of all Gildan’s senior executives’ strategic objectives to their annual short-term incentive
www.printwearandpromotion.co.uk
plan to support the advancement of ESG targets
• Included sustainability-linked terms in its existing $1 billion revolving credit facility
• Reduced absolute Scope 1 and 2 GHG emissions by 10.9% (compared to a 2018 base year)
• Reduced water intensity by 18.4% (compared to a 2018 base year)
• Sourced 21.7% of its cotton supply from verified U.S.-grown cotton suppliers (USCTP) and Better Cotton
• 14.2% of total SKUs of packaging and trim materials specific to apparel (which include carton, polyester, paper, and cotton- poly trims) now contain recycled materials or have relevant sustainability certifications
• Achieved 30.3% gender parity in the collective group representing director-level and above employees, up from 26.7% in 2021
• Contributed $1.1 million to community initiatives
• Published its first stand-alone Climate Change Disclosure Report
October 2023 | 15 |
our Print Specialists Ltd (YPS) has announced it will be showcasing two exceptional products at The Print Show. Mimaki’s new TxF150-75 direct-to-film printer will be presented as a complete solution, together with oven and heat press to demonstrate the entire workflow from graphic design to the finished product. The Moditech EWS application table will be on the stand alongside the Roland TrueVIS VG3-540 solvent print & cut machine. The YPS team will demonstrate the incredible range of production, efficiency and ergonomic benefits these products provide. Georgia Brown, managing director of YPS, said: “We’re extremely excited to be bringing these amazing solutions to The Print Show. Mimaki’s new direct-to-film printer is a real game-changer for the industry, enabling high-quality textile and garment printing at a production level. YPS has broadened the package to provide a complete solution, including design, adhesive application, oven-fixation and heat press, and this will all be available to see in action at The Print Show.”
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