May '20

For the Business of Apparel Decorating

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6 P R I N T W E A R M A Y 2 0 2 0 6 P R I N T W E A R M A Y 2 0 2 0 BUSINESSWATCH Stay up to date with what's happening in the world of apparel decorating and news relevant to your business. Royal Apparel Holds 2019 Prices Through June 2020 HAUPPAUGE, N.Y.—Royal Apparel says it plans to maintain 2019 prices through June 30, 2020. The company says its new ERP system and facility upgrades have improved efficiencies. "Prices will remain the same and provide a great opportunity for our industry to further support Made in USA," the company says in an an- nouncement. "With our factory-direct, American-made manufacturing (knitting, dyeing, cutting, sewing), we are committed to delivering our premium products." The company initially announced its new ERP system in Sept. 2019, which boasts both user experience improvements, as well as backend enhancements for order processing, accounting, and general inventory purposes. Despite an increase in the cost of raw materials, Royal Ap- parel says it aims to pass the savings onto customers from the improved efficiencies. RTP Apparel Partners with SOLO Group for European Distribution NEW PHILADELPHIA, Ohio—RTP Apparel unveils a new partner- ship with the SOLO Group of Paris. The SOLO Group is a garment manufacturer with a distribution network that covers the Europe, Africa, and Middle East (EMEA) region. The group features multiple brand lines, including SOL'S, ATF, Joy Thai, and now RTP Apparel Europe. Through the agreement, RTP now provides ready-to-print garments for DTG print- ers across the EMEA region. "This new partnership between RTP Apparel USA and the SOLO Group has helped advance the DTG industry by continuing to innovate and pro- duce garments that are DTG Ready To Print for a global customer base," states the company on their website. HanesBrands CEO Evans Announces Retirement WINSTON-SALEM, N.C.—HanesBrands announces that CEO Gerald W. Evans Jr. plans to retire at the end of the cur- rent fiscal year, which ends Jan. 2, 2021. Evans' career with the company stretches back to 1983, and he took over as CEO in 2016. Hanes credits Evans as critical to the company's growth, success, and evolution. "Since being appointed CEO in 2016, (Evans) has overseen the successful ex- ecution of a strategy focused on cash generation, channel and geographic diversi- fication, omnichannel expansion, organic sales growth, and innovation leveraging brand building and the company's global supply chain," the company states. According to Hanes, Evans has guided the rapid growth of the company's inter- national commercial operations, overseen the doubling of global Champion an- nual brand sales to nearly $2 billion, and championed increased consumer-direct- ed sales with 25% of total revenue now occurring online or through brand stores. Under his leadership, the company says it also has "significantly" strengthened its balance sheet, generated quarterly organic sales growth for more than two years, increased annual revenue to nearly $7 billion, and has generated a reported $2.1 billion in cumulative operating cash flow over the past three years. "After more than three and a half decades at Hanes, I am confident that now is the right time for the company to transition to its next generation of leadership," says Evans. "Thanks to our team of hard-working employees around the world, we have created a strong foundation for sustainable success that is rooted in our customer-centric approach, agile business model, and commitment to continuous improvement. I am confident that Hanes is well-positioned to achieve its full po- tential and am pleased to work alongside the rest of the board and management team to provide a smooth handoff to our next CEO." INDUSTRY UPDATES GAINESVILLE, Va.—Atlantic Coast Cotton launches a mobile application. Through the app, customers can check stock in real-time, connect with customer service representatives, and place orders on any smartphone. The app is available for Android devices in the Google Play Store and for iOS devices in the App Store by searching 'Atlantic Coast Cotton.' PORTSMOUTH, N.H.—CIT Group Inc. offers a new version of its Small Busi- ness Solutions group lending platform. With the platform, business customers can shop for products, be approved for credit, select terms, and receive electronic doc- uments to secure their purchase. For equipment and technology vendors, the plat- form transforms the process of selling products with financing to business custom- ers. Vendors can now provide real-time monthly payment quotes, get customers approved online, digitally design and select finance terms, and automatically send electronic documents to the customers for review and e-signature. The platform is available online and on mobile devices. For more information visit Evans

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