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15.03.2024

TMAS: Digitised solutions at Techtextil and Texprocess

Members of TMAS – the Swedish textile machinery association – will display technologies in alignment with the theme of digitalisation at the forthcoming Techtextil and Texprocess 2024 exhibitions, taking place in Frankfurt from April 23-26th.

Automatic handling
The fully automated and digitised handling solutions for finished garments, home textiles and furniture of Eton Systems, for example, will be demonstrated at Texprocess.

Designed to increase value-added time in production by eliminating manual transportation and minimising handling, the individually addressable product carriers are fully managed and controlled by the latest ETONingenious™ software. This web based real-time data collection and information system continuously accumulates, processes and makes all production information instantly available to supervisors, quality control personnel and management.

Members of TMAS – the Swedish textile machinery association – will display technologies in alignment with the theme of digitalisation at the forthcoming Techtextil and Texprocess 2024 exhibitions, taking place in Frankfurt from April 23-26th.

Automatic handling
The fully automated and digitised handling solutions for finished garments, home textiles and furniture of Eton Systems, for example, will be demonstrated at Texprocess.

Designed to increase value-added time in production by eliminating manual transportation and minimising handling, the individually addressable product carriers are fully managed and controlled by the latest ETONingenious™ software. This web based real-time data collection and information system continuously accumulates, processes and makes all production information instantly available to supervisors, quality control personnel and management.

Bespoke seams
Svegea will demonstrate its EC 300-XS colarette technology, which is used by garment manufacturers around the world for the production of tubular apparel components such as cuff and neck tapes and other seam reinforcements.

The EC 300-XS collarette cutter on show in Frankfurt is equipped with the latest E-Drive II system providing the operator with a very user-friendly touchscreen, providing full control of the cutting process. An accompanying FA 350 fully automatic roll slitting machine will also be demonstrated.

Digital finishing
At Techtextil meanwhile, Baldwin Technology Co. will provide full details of how its highly digitised TexCoat G4 non-contact spray technology for textile finishing and remoistening not only reduces water, chemicals and energy consumption, but also provides the flexibility to adapt to customer requirements in terms of single and double-sided finishing applications.

TexCoat G4 can reduce water consumption and chemical usage by as much as 50% compared to traditional padding application processes.

Yarn tension
Celebrating its 60th anniversary this year, Eltex will display the latest Eltex EyETM system for the continuous monitoring of yarn tension on warp beams.

The Eltex EyETM eliminates problems when warping, and also in subsequent weaving or tufting processes, monitoring the yarn tension on all positions in real-time and enabling a minimum and maximum allowable tension value it be set. If any yarn’s tension falls outside these values the operator can be warned or the machine stopped.

The Eltex ACT and ACT-R units meanwhile go beyond yarn tension monitoring to actually control yarn tension. This extends the application range greatly. The plug and play system automatically compensates for any differences in yarn tension that arise, for example from irregularities in yarn packages.

Accumulated know-how
Vandewiele Sweden AB benefits from all of the synergies and accumulated know-how of Vandewiele Group, supplying weft yarn feeding and tension control units for weaving looms to the majority of weaving machine manufacturers. It also retrofits its latest technologies to working mills to enable instant benefits in terms of productivity and control.

The company will present its latest X4 yarn feeders with integrated accessory displays (TED) as a new standard, as well as launching its own e-commerce platform – iroonline.com.

The TED function enables weft tension settings to be transferred from one machine to another, enabling a fast start-up the next time the same article is woven. The position of the S-Flex Tensioner is constantly monitored by an internal sensor – even if adjustment is made during power off.

X4 feeders are also available with integrated active tension control (ATC-W) as an option. With the ATC-W active tension control, the required tension is easily set and monitored on the integrated display. Once set, the system constantly regulates itself, ensuring consistent yarn tension during the weaving process which is constantly and accurately measured by the ATC sensor unit, sending a signal to the ATC operator unit resulting in consistently stable yarn tension at the required level.

Source:

TMAS - Swedish textile machinery association

01.03.2024

Odlo: Online-Business mit Plattform von SCAYLE

Die Sportbekleidungsmarke Odlo hat sich für die Enterprise-Commerce-Plattform von SCAYLE entschieden, um das eigene Online-Business zukunftsfähig aufzustellen. Der Start der neuen Online-Präsenz von Odlo ist Anfang 2025 geplant.

Durch die Migration zu SCAYLE erhält der in der Schweiz ansässige Hersteller von Funktionsbekleidung eine E-Commerce-Plattform, die für B2C-Marken und Einzelhändler optimiert ist. Der Funktionsumfang von SCAYLE, inklusive spezieller Omnichannel- und Internationalisierungsfunktionen, ermöglicht es dem Sportunternehmen, sein Digitalgeschäft über Shops, Kanäle und Länder hinweg zu steuern.

Die Sportbekleidungsmarke Odlo hat sich für die Enterprise-Commerce-Plattform von SCAYLE entschieden, um das eigene Online-Business zukunftsfähig aufzustellen. Der Start der neuen Online-Präsenz von Odlo ist Anfang 2025 geplant.

Durch die Migration zu SCAYLE erhält der in der Schweiz ansässige Hersteller von Funktionsbekleidung eine E-Commerce-Plattform, die für B2C-Marken und Einzelhändler optimiert ist. Der Funktionsumfang von SCAYLE, inklusive spezieller Omnichannel- und Internationalisierungsfunktionen, ermöglicht es dem Sportunternehmen, sein Digitalgeschäft über Shops, Kanäle und Länder hinweg zu steuern.

Source:

SCAYLE / Vaubel Medienberatung GmbH

26.02.2024

SCAYLE: "Major Player" im IDC MarketScape

SCAYLE, Enterprise-Shop-System für B2C, wurde im IDC MarketScape “Worldwide B2C Digital Commerce Platforms for Midmarket Growth 2024 Vendor Assessment” als "Major Player" genannt.

IDC MarketScape ist ein führendes Tool zur Bewertung von Technologieanbietern, das detaillierte quantitative und qualitative Bewertungen in einer Vielzahl von Sektoren bietet.

SCAYLE wurde entwickelt, um schnell wachsenden Retailern mit großem Sortiment und komplexen Unternehmensanforderungen zu helfen. Die flexible Architektur umfasst integrierte modulare Services wie PIM, Marktplatz, Shop-Management, Checkout und OMS. Weitere Module können hinzugebucht werden, um speziellen Bedürfnissen von Retailern gerecht zu werden. SCAYLE unterstützt globale Marken wie Deichmann, Marc O'Polo und Manchester United.

SCAYLE, Enterprise-Shop-System für B2C, wurde im IDC MarketScape “Worldwide B2C Digital Commerce Platforms for Midmarket Growth 2024 Vendor Assessment” als "Major Player" genannt.

IDC MarketScape ist ein führendes Tool zur Bewertung von Technologieanbietern, das detaillierte quantitative und qualitative Bewertungen in einer Vielzahl von Sektoren bietet.

SCAYLE wurde entwickelt, um schnell wachsenden Retailern mit großem Sortiment und komplexen Unternehmensanforderungen zu helfen. Die flexible Architektur umfasst integrierte modulare Services wie PIM, Marktplatz, Shop-Management, Checkout und OMS. Weitere Module können hinzugebucht werden, um speziellen Bedürfnissen von Retailern gerecht zu werden. SCAYLE unterstützt globale Marken wie Deichmann, Marc O'Polo und Manchester United.

More information:
SCAYLE E-Commerce B2C
Source:

SCAYLE

24.01.2024

Manchester United partners with SCAYLE for e-commerce platform

Manchester United has announced it has chosen SCAYLE as its official e-commerce platform partner. The club’s new e-commerce experience will launch later this year and continue to be evolved in alignment with the club’s ambition of delivering a best in class direct-to-consumer experience for its global fan base.

SCAYLE provides the technical backbone for more than 140 online stores and was specifically designed for B2C use cases with a focus on the fashion, lifestyle and sports sectors.

Manchester United have appointed SCAYLE to operate a new direct-to-consumer platform that is based on and powered by the SCAYLE commerce engine, dedicated to providing a compelling and customised experience that can quickly adapt to fastchanging requirements.

Manchester United has announced it has chosen SCAYLE as its official e-commerce platform partner. The club’s new e-commerce experience will launch later this year and continue to be evolved in alignment with the club’s ambition of delivering a best in class direct-to-consumer experience for its global fan base.

SCAYLE provides the technical backbone for more than 140 online stores and was specifically designed for B2C use cases with a focus on the fashion, lifestyle and sports sectors.

Manchester United have appointed SCAYLE to operate a new direct-to-consumer platform that is based on and powered by the SCAYLE commerce engine, dedicated to providing a compelling and customised experience that can quickly adapt to fastchanging requirements.

Source:

SCAYLE / Vaubel Medienberatung GmbH

10.01.2024

GROW: Trends and tradition at the INNATEX

Growth, digitalisation and re-commerce – the forthcoming INNATEX (the international trade fair for sustainable textiles) is devoted to highly topical themes. From 20 to 22 January 2024 at the Messecenter Hofheim Rhein-Main near Frankfurt, over 200 exhibitors will be meeting up with retailers, experts and journalists. The motto for the winter trade fair is GROW, representing the call for sustainable, social and commercial growth that will not be possible without the green fashion movement.

Optimistic expectations despite the challenges
According to Alexander Hitzel, INNATEX Project Manager, and the organisers, MUVEO GmbH, various new trends are opening up that might, if exploited strategically, unlock new business areas. These range from ‘quiet luxury’, travel, internationalism and focused storytelling to services for specific target groups. On the Monday, members of the expert panel will be discussing re-commerce with the Hessen Retail Federation in the Community Lounge.

Growth, digitalisation and re-commerce – the forthcoming INNATEX (the international trade fair for sustainable textiles) is devoted to highly topical themes. From 20 to 22 January 2024 at the Messecenter Hofheim Rhein-Main near Frankfurt, over 200 exhibitors will be meeting up with retailers, experts and journalists. The motto for the winter trade fair is GROW, representing the call for sustainable, social and commercial growth that will not be possible without the green fashion movement.

Optimistic expectations despite the challenges
According to Alexander Hitzel, INNATEX Project Manager, and the organisers, MUVEO GmbH, various new trends are opening up that might, if exploited strategically, unlock new business areas. These range from ‘quiet luxury’, travel, internationalism and focused storytelling to services for specific target groups. On the Monday, members of the expert panel will be discussing re-commerce with the Hessen Retail Federation in the Community Lounge.

From storytelling to digital tools – the INNATEX themes
“Second-hand is in fashion,” says Julia Frings of IFH Köln. “Sales of used and recycled products have been on an upward trend for some years now and with the rising importance of sustainability, their relevance will continue to grow. There is great potential in this area for the trade to reach new target groups and expand the range on offer. To be successful, though, it is essential to have a concept tailored to the needs of consumers.”

Alongside Julia Frings of IFH Köln, other Federation panellists will include Steffen Riegel of Hessnatur. The first Lounge Talk at the start of INNATEX will deal with Strategies for Sensible Growth, borrowing from the motto for the fair. This topic will be followed by Fair Wages in the Global South, Storytelling as a Strategy, and Digital Trends.

Brand portfolio and partners of INNATEX
The collaboration with the Hessen Retail Federation, like that with Fashion Changers and Greenstyle Munich, has already proved its worth at previous fairs, as a way of adding variety to a well balanced fair programme. The new collaborative partners include AMD Academy of Fashion and Design (AMD) in Wiesbaden, the Fashion Campus 2030 Initiative and the Enterprise Europe Network (EEN, a network promoting internationalisation among smaller and medium-sized businesses).

The brand portfolio includes fashion for all generations, tastes and occasions. Labels exhibiting for the first time include businesses such as Fuza Wool from Denmark with its high quality traditional knitwear, and the hemp-based accessories of 8000Kicks from Portugal. The DESIGN DISCOVERIES comprise Anfisa Roumelidi, C/OVER and Consci.

20.10.2023

Paul Smith gestaltet E-Commerce-Geschäft mit Storybloks CMS

Die britische Designermarke Paul Smith kooperiert mit dem Enterprise Headless CMS Storyblok, um ihre Website und das Kundenerlebnis zu modernisieren und zukunftssicher zu gestalten.

Paul Smith implementierte – mithilfe der auf E-Commerce spezialisierten Agentur Limesharp – innerhalb einer achtmonatigen Frist die Headless-CMS-Technologie von Storyblok und erzielte eine gesteigerte Seitenladegeschwindigkeit von etwa 50%, zusammen mit höheren Conversion- und Umsatzraten.

Zur Feier des 50-jährigen Unternehmensjubiläums plante das Team von Paul Smith, die Kundenansprache sowie -Kommunikation zu transformieren und seine Marke neu zu etablieren. Zusätzlich wurde die Website neu gestaltet, um das Kundenerlebnis ihres Flagship-Stores in Los Angeles auf den Online-Shop zu übertragen. Vor allem aber suchte das Unternehmen nach einer Lösung, die sein Online-Business fit für die Zukunft macht und dabei hilft, auch in den nächsten fünfzig Jahren relevant zu bleiben.

Die britische Designermarke Paul Smith kooperiert mit dem Enterprise Headless CMS Storyblok, um ihre Website und das Kundenerlebnis zu modernisieren und zukunftssicher zu gestalten.

Paul Smith implementierte – mithilfe der auf E-Commerce spezialisierten Agentur Limesharp – innerhalb einer achtmonatigen Frist die Headless-CMS-Technologie von Storyblok und erzielte eine gesteigerte Seitenladegeschwindigkeit von etwa 50%, zusammen mit höheren Conversion- und Umsatzraten.

Zur Feier des 50-jährigen Unternehmensjubiläums plante das Team von Paul Smith, die Kundenansprache sowie -Kommunikation zu transformieren und seine Marke neu zu etablieren. Zusätzlich wurde die Website neu gestaltet, um das Kundenerlebnis ihres Flagship-Stores in Los Angeles auf den Online-Shop zu übertragen. Vor allem aber suchte das Unternehmen nach einer Lösung, die sein Online-Business fit für die Zukunft macht und dabei hilft, auch in den nächsten fünfzig Jahren relevant zu bleiben.

Das Team von Paul Smith entwickelte das neue Backend intern, während Limesharp das Frontend erstellte. Durch die Implementierung der Technologie von Storyblok profitieren die Content-Teams von Paul Smith nun von mehr Flexibilität und können – völlig eigenständig – Designs und Layouts aktualisieren, Content planen, zahlreiche Updates gesammelt durchführen und auf verschiedenste Wege auf Daten zugreifen.

Mit Storyblok und der Headless-Technologie konnte Paul Smith sein CMS mit einer Vielzahl externer Anwendungen verknüpfen – darunter Larevel für Middleware, Magento für E-Commerce, Cloudinary für das Management digitaler Assets (DAM) und Klevu für Suchanfragen, Produktempfehlungen und Visual Merchandising.

Dank dieser digitalen Transformation erhielt Paul Smith sogar den ‘Best Digital Experience Award’ bei den MACH Impact Awards 2023 und einen Preis für Digitale Innovation bei den Retail TouchPoints 2023 Brand Experience Awards.

Source:

Storyblok

Photo from Pixabay
09.10.2023

Otrium and Bleckmann launch garment repair partnership

Digital fashion outlet Otrium announces the launch of a dedicated garment refurbishment and repair programme for damaged returns following a successful pilot scheme. The initiative is being run in partnership with Bleckmann, experts in supply chain management for fashion and lifestyle brands. Working with Bleckmann’s team of circular fashion experts from The Renewal Workshop, Otrium is taking the next step in its strategic journey to help reduce the number of that might ultimately end up in landfills or destroyed.
 
Most of the returns that Otrium currently receives can be easily restored and put back on sale. However, in rare cases, returned items are damaged. “Preventing waste is an important part of Otrium’s DNA, and thanks to our partnership with Bleckmann and their Renewal Workshop team, we can now repair the majority of damaged returns and put them back into circulation,” said Kevin Carolan, Director of Logistics at Otrium. “We are happy that we can use our position in the fashion supply chain to create lasting change and accelerate towards our mission of reducing the volume of garments that go to landfill.”

Digital fashion outlet Otrium announces the launch of a dedicated garment refurbishment and repair programme for damaged returns following a successful pilot scheme. The initiative is being run in partnership with Bleckmann, experts in supply chain management for fashion and lifestyle brands. Working with Bleckmann’s team of circular fashion experts from The Renewal Workshop, Otrium is taking the next step in its strategic journey to help reduce the number of that might ultimately end up in landfills or destroyed.
 
Most of the returns that Otrium currently receives can be easily restored and put back on sale. However, in rare cases, returned items are damaged. “Preventing waste is an important part of Otrium’s DNA, and thanks to our partnership with Bleckmann and their Renewal Workshop team, we can now repair the majority of damaged returns and put them back into circulation,” said Kevin Carolan, Director of Logistics at Otrium. “We are happy that we can use our position in the fashion supply chain to create lasting change and accelerate towards our mission of reducing the volume of garments that go to landfill.”

Since 2020, Otrium is exploring refurbishment and repairs with their third-party logistics provider Bleckmann. In April 2023, both partners started a three-month pilot at Bleckmann’s facility in Almelo, the Netherlands, to expand the programme with a broader range of repairs and optimised processes through data use. During the pilot, the Renewal Workshop team at Bleckmann refurbished more than 1,000 returned garments, shoes and accessories for Otrium each month.

“With hundreds of high-end labels on the platform, we needed an efficient solution tailored to the needs of a wide range of products – from shoes and coats to bags,” explained Marlot Kiveron, Head of Sustainability at Otrium. “The Renewal Workshop team worked closely with us to develop a streamlined and scalable process that could grow in line with our ambitions, delivering like-new repairs at the speed of e-commerce. Their combination of purpose, professionalism, agility and expertise makes them the ideal partner for this kind of project.”
 
Bleckmann’s integrated data capabilities were also crucial to the success of the partnership. “Data collection and analysis can be vital in demonstrating the commercial viability of sustainability initiatives,” said Tamara Zwart, Director of Renewal at Bleckmann. “Using our advanced stock tracking systems, we determined that 70% of the renewed Otrium stock had been sold within seven weeks. We’re all delighted with the results!”
Furthermore, carbon-tracking software Vaayu calculated that on average, a refurbished return sold on Otrium avoids 2.760kg of carbon emissions and 69g of waste proofing that this programme can have a positive impact on both: the planet and the business.

Having established the business case, the team decided to expand the initiative beyond the pilot phase. “This project is a milestone in our sustainability journey,” concluded Marlot. “It’s a key part of our ongoing commitment to finding more ways to reduce our environmental impact while helping to ensure that more clothes get worn. By the end of 2023, we aim to repair at least 25,000 damaged garments. Together with Bleckmann and their renewal experts, we’re well on our way to proving that this circular business model can be a valuable part of our future growth.”

Source:

Otrium, Bleckmann

SHIMA SEIKI at Preview in SEOUL (c) SHIMA SEIKI MFG., LTD.
18.08.2023

SHIMA SEIKI at Preview in SEOUL

SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Korean subsidiary SHIMA SEIKI KOREA INC., will participate in the Preview in SEOUL exhibition in Seoul, Republic of Korea this month (23rd - 25th of August 2023).

SHIMA SEIKI will show its SWG061N2 compact WHOLEGARMENT® knitting machine which can produce a wide range of WHOLEGARMENT® items in their entirety without the need for linking or sewing. The SWG-N2 series “Mini” range is suited to the production of small knit items and accessories such as gloves, socks, hats and scarves as well as cozies, shoe uppers, bags, card cases, glasses cases, smartphone covers and other personal items. The N.SVR093SP is a conventional shaped knitting machine featuring a loop presser bed that yields novel fabrics with special inlay patterns that are produced by inserting yarn into knit fabric in a weave fashion, offering new and exciting possibilities in hybrid knit-weave textiles. Both machines will be shown knitting such items as bags and sporting goods to demonstrate the capability of current knitting technology for producing non-apparel items.

SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Korean subsidiary SHIMA SEIKI KOREA INC., will participate in the Preview in SEOUL exhibition in Seoul, Republic of Korea this month (23rd - 25th of August 2023).

SHIMA SEIKI will show its SWG061N2 compact WHOLEGARMENT® knitting machine which can produce a wide range of WHOLEGARMENT® items in their entirety without the need for linking or sewing. The SWG-N2 series “Mini” range is suited to the production of small knit items and accessories such as gloves, socks, hats and scarves as well as cozies, shoe uppers, bags, card cases, glasses cases, smartphone covers and other personal items. The N.SVR093SP is a conventional shaped knitting machine featuring a loop presser bed that yields novel fabrics with special inlay patterns that are produced by inserting yarn into knit fabric in a weave fashion, offering new and exciting possibilities in hybrid knit-weave textiles. Both machines will be shown knitting such items as bags and sporting goods to demonstrate the capability of current knitting technology for producing non-apparel items.

SDS®-ONE APEX design system and APEXFiz® subscription-based design software will also be on display. Both support the creative side of fashion from planning and design to colorway evaluation, realistic fabric simulation and 3D virtual sampling. Virtual samples are a digitized version of sample making that are accurate enough to be used effectively as prototypes, replacing physical sampling and consequently reducing time, cost and material that otherwise go to waste. Virtual samples can furthermore be used in e-commerce to gauge consumer demand before production begins. Feeding that information back to production and combined with on-demand WHOLEGARMENT® knitting technology, production can be adjusted to optimize inventory and minimize leftover waste. APEXFiz® thereby helps to realize sustainability and digitally transform the fashion supply chain.

Source:

SHIMA SEIKI MFG., LTD.

(c) Sizekick
07.08.2023

Hohenstein and Sizekick: AI for size recommendations

The Munich-based startup Sizekick launches a new technology and attracts well-known brands and retailers to reduce size-related returns in e-commerce. With the apparel technology know-how of the strategic partner and investor Hohenstein and the AI-based technology of Sizekick, more sustainable shopping in e-commerce with less CO2 emissions will be made possible. The technology company is now celebrating a successful market entry: The newly developed sizing AI is now available for fashion e-commerce stores and is pleased about the first successfully acquired customers. The first customers to join the company include the Swiss multi-brand store for sustainable fashion, Rrrevolve, the premium outdoor brand Black Diamond from the USA, and Marc Cain, a global brand with German roots in the premium sector.

The Munich-based startup Sizekick launches a new technology and attracts well-known brands and retailers to reduce size-related returns in e-commerce. With the apparel technology know-how of the strategic partner and investor Hohenstein and the AI-based technology of Sizekick, more sustainable shopping in e-commerce with less CO2 emissions will be made possible. The technology company is now celebrating a successful market entry: The newly developed sizing AI is now available for fashion e-commerce stores and is pleased about the first successfully acquired customers. The first customers to join the company include the Swiss multi-brand store for sustainable fashion, Rrrevolve, the premium outdoor brand Black Diamond from the USA, and Marc Cain, a global brand with German roots in the premium sector.

The solution promises to add value for both brands and consumers when shopping online by taking individual body measurements into account when recommending the right clothing size. The AI-based technology always offers two options to help arrive at the appropriate size recommendation. With BodyFinder, the AI suggests realistic body shapes to choose from. Alternatively, the video-based BodyScanner option enables a body scan via the smartphone's video function. All it takes to do this is to turn around in front of the phone's camera. Fashion brands and fashion retailers now have easy access to the new technology, as integration in the e-commerce store takes just a few minutes.

Hohenstein's expertise helped the Sizekick team to link accurate body measurements with the right product properties. Hohenstein is considered a leader in the field of size & fit and has been advising companies in the textile industry for over 75 years. The Sizekick fit analysis not only supports the brands' product teams, but is also used as direct input for Sizekick AI.

Source:

Hohenstein

03.08.2023

adidas: reports 2nd Q revenues flat versus the prior year

  • Currency-neutral revenues flat versus the prior-year level
  • Top-line development reflects improved sell-out trends and conservative sell-in strategy
  • Gross margin up 0.6pp to 50.9%; strong improvement compared to Q1 reflecting better sell-through and less discounting
  • Operating profit of € 176 million includes extraordinary expenses of around € 160 million related to one-off costs, donations and accruals for future donations
  • Inventory position improves substantially versus Q1 level to € 5.5 billion; now up only 1% year-over-year

In the second quarter of 2023, currency-neutral revenues were flat versus the prior-year level. The top-line development continued to be impacted by the company’s conservative sell-in approach in order to reduce high inventory levels, particularly in North America and Greater China. At the same time, adidas second quarter revenues benefited from the first sale of some of its Yeezy inventory. The initial product drop in June generated revenues of around € 400 million in Q2, which is largely in line with the Yeezy sales generated in the prior year’s quarter.

  • Currency-neutral revenues flat versus the prior-year level
  • Top-line development reflects improved sell-out trends and conservative sell-in strategy
  • Gross margin up 0.6pp to 50.9%; strong improvement compared to Q1 reflecting better sell-through and less discounting
  • Operating profit of € 176 million includes extraordinary expenses of around € 160 million related to one-off costs, donations and accruals for future donations
  • Inventory position improves substantially versus Q1 level to € 5.5 billion; now up only 1% year-over-year

In the second quarter of 2023, currency-neutral revenues were flat versus the prior-year level. The top-line development continued to be impacted by the company’s conservative sell-in approach in order to reduce high inventory levels, particularly in North America and Greater China. At the same time, adidas second quarter revenues benefited from the first sale of some of its Yeezy inventory. The initial product drop in June generated revenues of around € 400 million in Q2, which is largely in line with the Yeezy sales generated in the prior year’s quarter.

Footwear revenues grew 1% during the quarter, reflecting strong growth in football, basketball, tennis and US sports. Apparel sales declined 3% in the second quarter. As the apparel market continues to be particularly overstocked, the company continued its conservative sell-in strategy to improve sell-through and margins in the medium term. Accessories grew 8% during the quarter driven by growth in football.  

Lifestyle revenues were down during the quarter despite extraordinary demand for the company’s Samba, Gazelle and Campus franchises. While adidas slowly started to scale its offering for these product families during the second quarter, the total volume still only represents a small portion of the company’s overall business. Sales in the adidas Performance categories continued to show positive momentum. This reflects strong demand for new product introductions such as the latest iterations of its Predator, X and Copa football boots, as well as jerseys for both the FIFA Women’s World Cup 2023 and the company’s unique portfolio of football teams ahead of the start of the European club season. In addition, the Adizero product family in running continued to gain a lot of attention around marathon races across the world, translating into higher demand. At the same time, the brand’s Barricade tennis franchise grew strongly, leveraging the excitement around major tournaments.

In euro terms, the company’s revenues declined 5% to € 5.343 billion in the second quarter (2022: € 5.596 billion).

Stronger sell-out trends and conservative sell-in
As a result of the company’s initiatives to reduce high inventory levels, currency-neutral sales in wholesale declined 10% despite double-digit growth in Greater China and Latin America. At the same time, direct-to-consumer (DTC) revenues grew 16% versus the prior year. This development was driven by strong growth in both the company’s e-commerce business (+14%) as well as own retail stores (+19%), reflecting continued strong sell-out trends across most regions. The outperformance of the company’s DTC channel versus the wholesale business was also related to the first sale of the Yeezy inventory, which was done exclusively through adidas’ own e-commerce channel.

Double-digit growth in Greater China and Latin America
Currency-neutral sales in North America declined 16% during the quarter. The region is particularly affected by elevated inventory levels in the market and – in response to this – the company’s significantly reduced sell-in. Revenues in Greater China grew 16% in Q2, reflecting double-digit sell-out growth in both wholesale and own retail. Sales in EMEA were down slightly (-1%) despite double-digit DTC growth. While the company’s initiatives to reduce inventory levels and discounting weighed on the overall top-line development in the region, adidas recorded significantly improving full-price trends during the quarter. Revenues in Asia-Pacific increased 7% during the quarter, driven by strong double-digit growth in DTC. Latin America continued to increase at a double-digit rate (+30%), reflecting strong growth in both wholesale and DTC.

Gross margin improves to 50.9%
The company’s second quarter gross margin increased 0.6 percentage points to 50.9% (2022: 50.3%). This improvement was mainly driven by price increases the company has implemented as well as by an improved channel mix. At the same time, higher supply chain costs and unfavorable currency movements continued to strongly weigh on the gross margin development. While still adversely impacting the company’s gross margin in the quarter, discounting levels significantly improved compared to the first quarter of the year.  

Operating profit of € 176 million, resulting in an operating margin of 3.3%
Other operating expenses were up 3% to € 2.582 billion (2022: € 2.501 billion). As a percentage of sales, other operating expenses increased 3.6 percentage points to 48.3% (2022: 44.7%). Marketing and point-of-sale expenses decreased 7% to € 617 million (2022: € 663 million). As a percentage of sales, marketing and point-of-sale expenses slightly decreased by 0.3 percentage points to 11.5% (2022: 11.8%). Operating overhead expenses were up 7% to € 1.965 billion (2022: € 1.838 billion), reflecting higher logistics expenses. In addition, the company recorded one-off costs of around € 50 million related to the strategic review the company is currently conducting as well as donations and accruals for further donations in an amount of around € 110 million. As a percentage of sales, operating overhead expenses increased 3.9 percentage points to 36.8% (2022: 32.8%). The company’s operating profit amounted to € 176 million (2022: € 392 million) in the quarter. This amount includes the extraordinary expenses of in total around € 160 million reflecting the one-off costs related to the strategic review as well as the donations and accruals for further donations. The sale of the Yeezy product positively impacted adidas’ operating profit by an incremental amount of around € 150 million in Q2. The operating margin reached 3.3% in the quarter (2022: 7.0%).

Net income from continuing operations of € 96 million
After taxes, the company’s net income from continuing operations amounted to € 96 million (2022: € 360 million), while basic EPS from continuing operations decreased to € 0.48 (2022: € 1.88).


Outlook

adidas expects revenues to decline at a mid-single-digit rate
On July 24, adidas had adjusted its full year financial guidance to reflect the positive impact of the first sale of some of its Yeezy inventory and a slightly better-than-expected development of the adidas business in the first half of the year. At the same time, macroeconomic challenges and geopolitical tensions persist. Elevated recession risks in North America and Europe as well as uncertainty around the recovery in Greater China continue to exist. In addition, the company’s revenue development will continue to be impacted by the initiatives to significantly reduce high inventory levels. As a result, adidas now expects currency-neutral revenues to decline at a mid-single-digit rate in 2023 (previously: decline at a high-single-digit rate).

Underlying operating profit anticipated to be around the break-even level
The company’s underlying operating profit – excluding any one-offs related to Yeezy and the ongoing strategic review – is still anticipated to be around the break-even level. Including the positive impact from the first Yeezy drop of around € 150 million, the potential write-off of the remaining Yeezy inventory of now € 400 million (previously: € 500 million) and one-off costs related to the strategic review of up to € 200 million (unchanged), the company now expects to report an operating loss of € 450 million in 2023 (previously: loss of € 700 million).

On August 2, the company launched a second drop of Yeezy inventory. Throughout the month of August, adidas is making a range of existing products available through both its own e-commerce channel as well as the digital platforms of selected wholesale partners. If successful, this second drop would further improve the company’s results. However, as the results of this drop are yet unknown, it is not accounted for in the company’s current top- and bottom-line outlook for 2023.

More information:
adidas business report
Source:

adidas

(c) Premium Exhibitions GmbH
19.04.2023

PREMIUM and SEEK redefine "trade fairs" - FEEL CONNECTED AGAIN

With its new Trend and Event Platform, the Premium Group presents a new concept for a progressive community. According to Premium Group classic trade fair formats are over - this summer it's all about (re)connection, real emotions and new perspectives. The emphasis lies on the most relevant trends and the power of networking, but in a more personalised and intimate way.

With its new Trend and Event Platform, the Premium Group presents a new concept for a progressive community. According to Premium Group classic trade fair formats are over - this summer it's all about (re)connection, real emotions and new perspectives. The emphasis lies on the most relevant trends and the power of networking, but in a more personalised and intimate way.

PREMIUM and SEEK are focusing on a more rigorous curation of promising brands and collections as well as various opportunities to connect. An extensive content programme of keynotes, round tables, live interviews, study presentations and panels on the most important trends will offer two diverse and time-efficient days. The areas of concentration encompass sustainability, technology, fashion, business, lifestyle, and beauty. The repertoire of topics include marketing themes such as LinkedIn and Tik Tok, new tech tools such as ChatGPT or Virtual Dressing as well as news from the metaverse. Sustainability topics such as denim, circularity, re-commerce, vintage and the new Green Deal laws will be discussed as well as cross-industry topics such as female empowerment, Gen Z and modern leadership.
     
PREMIUM marks the first event of the season for womenswear. New silhouettes, design trends, provocation and the current zeitgeist are brought to the forefront with a carefully curated selection of brands. The fashion scene and visitors can look forward to the best of denim, hyper-femininity, beauty, well-being, future Berlin icons and innovations from the tech and lifestyle sphere. New talents will also have the opportunity to pitch their labels to a professional audience. SEEK focuses on heritage, Y2K, modern sportswear, outdoor and sustainable brands, which will be shown in the CONSCIOUS CLUB. Other highlights will include talks and inspiring activations from the community.

"We listen, research and curate the most important trends for the industry. To do this, our team of experts travels across Europe and exchange ideas with representatives from the entire industry. The results of months of work can be discovered in two days," says Maren Wiebus, Creative Director of the Premium Group.

Today, attention is the most important currency for the fashion industry. This is also why, for the very first time ever, the Premium Group events will take place over only two days instead of three. At the same time, generally accepted norms and rules are questioned, taken apart, and put back together again. The organisers of Premium Group invite fashion professionals to discuss the rules and redefine them together.
 
The summer editions of PREMIUM and SEEK will take place on 11 and 12 July at the new old location Station-Berlin in the heart of Berlin.

Source:

Premium Exhibitions GmbH

(c) Messe Frankfurt
24.03.2023

Intertextile Shanghai Home Textiles returns from 28 – 30 March 2023

Intertextile Shanghai Home Textiles – Spring Edition is set for a renewal. After last year’s brief pause, 283 exhibitors from 5 countries and regions will showcase their latest innovations at the National Exhibition and Convention Center (Shanghai) during this traditional peak sourcing period. The fair will be held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition, Yarn Expo Spring, CHIC and PH Value from 28 – 30 March 2023.

Intertextile Shanghai Home Textiles – Spring Edition is set for a renewal. After last year’s brief pause, 283 exhibitors from 5 countries and regions will showcase their latest innovations at the National Exhibition and Convention Center (Shanghai) during this traditional peak sourcing period. The fair will be held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition, Yarn Expo Spring, CHIC and PH Value from 28 – 30 March 2023.

Comprehensive range of products zoned for easy sourcing
The 27,000 sqm gross exhibition space in hall 5.2 will host suppliers in multiple product categories, such as bedding, towelling, table and kitchen linen, home textile technologies, and textile designs. Several product pavilions and zones will be formed to encourage efficient sourcing, with areas designated for quality bedding, towelling, feather and down duvet fillings, quilt fillings, intelligent equipment and upholstery fabric products. Buyers looking for sustainable fibres, yarns and fabrics may be interested in sourcing at the Lenzing Group’s brand new centralised Lenzing Home Textile Satellite Pavilion. With Lenzing joined by eight of its Chinese downstream manufacturers, the pavilion will showcase the various home textile applications for the Austrian company’s wood-based TENCEL™ fibres.

Other well-known international and domestic exhibitors include Cotton Council International (CCI), Zhangjiagang Coolist Life Technology, Guangdong Kulida Down, Wujiang City Yunjie Textiles, Yantai Pacific Home Fashion, Sunvim Group, and Jiangsu Goostars Hometextiles. These suppliers, and many more, will present their up-to-date products to meet the sourcing demands of buyers from different channels.

Programme
At every edition, Intertextile Shanghai Home Textile’s fringe events keep fairgoers informed on a variety of topics, allowing exhibitors and visitors alike to stay up to date with the latest market trends and make informed business decisions.

Aligning with the fair’s general direction on promoting sustainability, and to satisfy the industry’s needs, representatives from Lenzing will be holding an exclusive seminar about the e-commerce opportunities surrounding eco-friendly TENCEL™ products’ sleep enhancing qualities. Other presentations and discussions that touch on sustainability will also be available under the fair’s Textile & Technology event theme.

With consumers globally paying more attention to health issues and increasing their spending on health products, the home and contract textile industry is also a party to this rising trend. To this end, seminars discussing traditional Chinese medicine and how it relates to different health issues will be held on day one. Their crossover topics include how aromatherapy can encourage high-quality sleep, as well as an introduction on the innovation of traditional medicinal textiles.

Moreover, the well-known Chinese retailer JD.com will co-host an event that promotes home textile products made with Chinese cotton. Several talks will focus on different aspects, such as the products’ quality and the overall potential of this industry aided by government policies.

After China’s relaxation of border restrictions and other pandemic control measures, it is now easier for domestic and overseas buyers to visit their Chinese suppliers at the fairground, for the chance to touch and feel their desired products.

(c) Carbios
15.02.2023

Carbios: Four new Board members to strengthen international expertise

  • Carbios strengthens its Board of Directors with the appointments of Prof. Karine AUCLAIR, Sandrine CONSEILLER, Amandine DE SOUZA and Mateus SCHREINER GARCEZ LOPES
  • Carbios has reached its CSR objective of 60% independent directors ahead of 2024 target date, and has increased its female representation

Carbios‘four new members to its Board of Directors:  Prof. Karine AUCLAIR, professor of Chemistry at McGill University, Sandrine CONSEILLER, former CEO of Aigle, Amandine DE SOUZA, General Manager of LE BHV MARAIS, Eataly and Home, DIY and Leisure Purchasing at Galeries Lafayette Group, and Mateus SCHREINER GARCEZ LOPES, Global Director for Energy Transition and Investments at Raizen, have all been appointed members of Carbios’ Board of Directors.  In the new structure, Prof. Karine AUCLAIR succeeds Jacqueline LECOURTIER, Sandrine CONSEILLER succeeds Jean FALGOUX, Amandine DE SOUZA succeeds Alain CHEVALLIER, and Mateus SCHREINER GARCEZ LOPES succeeds Jean-Claude LUMARET.

  • Carbios strengthens its Board of Directors with the appointments of Prof. Karine AUCLAIR, Sandrine CONSEILLER, Amandine DE SOUZA and Mateus SCHREINER GARCEZ LOPES
  • Carbios has reached its CSR objective of 60% independent directors ahead of 2024 target date, and has increased its female representation

Carbios‘four new members to its Board of Directors:  Prof. Karine AUCLAIR, professor of Chemistry at McGill University, Sandrine CONSEILLER, former CEO of Aigle, Amandine DE SOUZA, General Manager of LE BHV MARAIS, Eataly and Home, DIY and Leisure Purchasing at Galeries Lafayette Group, and Mateus SCHREINER GARCEZ LOPES, Global Director for Energy Transition and Investments at Raizen, have all been appointed members of Carbios’ Board of Directors.  In the new structure, Prof. Karine AUCLAIR succeeds Jacqueline LECOURTIER, Sandrine CONSEILLER succeeds Jean FALGOUX, Amandine DE SOUZA succeeds Alain CHEVALLIER, and Mateus SCHREINER GARCEZ LOPES succeeds Jean-Claude LUMARET.

Three of the new members have strong, proven expertise in various industries covering fashion, retail and energy, as well as business development and senior executive management in high-growth markets and sectors around the world.  The new scientific expertise will also help enhance and advance Carbios’ research into biological solutions for the life cycle of plastics and textiles.  In addition, a sensitivity to CSR issues and proven results in this field was also a key selection factor to join the Board.  The new members’ combined strategic vision, solid industry experience and CSR commitments will support Carbios in its industrial and commercial plans.
 
Prof. Karine AUCLAIR is Professor of Chemistry at McGill University and holds the Tier 1 Canada Research Chair in Antimicrobials and Green Enzymes.  She has received numerous awards over the years, including the Clara Benson Award of the Canadian Society of Chemistry, the McGill Tomlinson Professorship, the Leo Yaffe Teaching Award, and the McGill Fessenden Professorship, to name a few. She is an internationally recognized bioorganic chemist with significant scientific contributions to the fields of antimicrobial resistance, biocatalysis and enzymology. Her research led to several patents notably in the clean enzymatic depolymerization of untreated, high crystallinity PET plastics for closed-loop recycling.  Her work has been published in nearly 100 peer-reviewed publications in high-impact journals, and often highlighted by the media.  As a recognized leader in her field, she is often invited to speak at industrial and academic conferences around the world, and to review theses and grant applications for worldwide institutions.
 
Sandrine CONSEILLER is former Chief Executive Officer of Aigle (the emblematic French brand committed to sustainable fashion).  Prior to joining Aigle, Sandrine was Group Marketing & Branding Executive Vice-President at Lacoste (another historic French fashion brand) from 2011 to 2015.  She contributed to the Lacoste maison turnaround with strong growth and numerous professional awards including several Cannes Lions Awards.  She was also Member of the Executive Board.  Sandrine began her career at Unilever and spent 20 years leading global businesses within various divisions, mainly in Personal Care, in Latin America, Europe, and Asia.  Sandrine is also Member of the Board of Phildar (the iconic French knitwear brand), Member of the Board of Raise Sherpa (the first philantropic endowment fund dedicated to start-ups) and is a funding partner of NEO FOUNDERS (a venture fund mentoring impact start-ups).
 
Amandine DE SOUZA is General Manager of LE BHV MARAIS (French retail, decoration and fashion department stores), Eataly (an Italian gastronomy concept franchise) and Home, DIY and Leisure Purchasing at Galeries Lafayette Group since 2018.  She has been a Member of its Executive Committee since 2020.  Amandine has 17 years’ experience in different types of companies of various sizes: from family business, to start-up,  and multinational.  She was General Manager for France at Westwing (an e-commerce start-up) from 2015 to 2018.  From 2009 to 2015, she was International Merchandise Director at Casino Group (food and non-food retail distribution).  Prior to this, she worked as a strategic consultant at Bain & Company within their Distribution and Consumer Goods Division in France and internationally.
 
Mateus SCHREINER GARCEZ LOPES is Global Director for Energy Transition and Investments at Raizen (global leader in bioenergy from Brazil), leading technology, new business development and intellectual property at the company.  He was previously Global Manager for Innovation and Business Development in Renewable Chemicals at Braskem (the largest producer of thermoplastic resins in the Americas and the world’s largest producer of biopolymers).  Before his transition to the corporate world, Mateus held several researcher and lecturer positions on Synthetic Biology and metabolic Engineering at Universities in Mexico, Germany, United States and Brazil.  He is also a Board Member of Iogen Energy Corporation, Vice-Chairman of the Board of the Brazilian Association of Bio Innovation, and Advisory Committee Member from the MIT Energy Initiative.

More information:
Carbios
Source:

Carbios

21.11.2022

Hohenstein invests 1.3 million Euro in Sizekick

Aim: Reducing returns and thus increasing sustainability in fashion e-commerce

Hohenstein, a global market leader in apparel sizing and fit development, has invested in AI technology startup, Sizekick. The collaboration will enable accurate decisions on apparel size, improving online shopping experiences, reducing returns and preventing the associated CO2 emissions.

Hohenstein’s 1.3 million Euro investment in the 2022 startup will drive growth in the Sizekick team and enable the 2023 launch of its smartphone app for online shoppers.  The technology will enable online shoppers to find the right clothing size in a few seconds via smartphone.

Aim: Reducing returns and thus increasing sustainability in fashion e-commerce

Hohenstein, a global market leader in apparel sizing and fit development, has invested in AI technology startup, Sizekick. The collaboration will enable accurate decisions on apparel size, improving online shopping experiences, reducing returns and preventing the associated CO2 emissions.

Hohenstein’s 1.3 million Euro investment in the 2022 startup will drive growth in the Sizekick team and enable the 2023 launch of its smartphone app for online shoppers.  The technology will enable online shoppers to find the right clothing size in a few seconds via smartphone.

Sizekick puts an end to unnecessary size-related returns in fashion online retail. The Munich-based company uses artificial intelligence and computer vision technology to recommend the right clothing size to customers in partner web stores. With the help of the integrated Sizekick software and a smartphone, anyone can find the right size in a few seconds. Fashion and sports brands, but also multi-brand stores or marketplaces can integrate the "Sizekick Button" in their online store. Sizekick offers its solution as Software-as-a-Service (SaaS).

"The strategic partnership with Hohenstein enables us, as a new AI solution, to meet the high demands of the market right at the start and to take on the role of technology leader. Our artificial intelligence is already learning thanks to the comprehensive Hohenstein database of 3D body scans. This is an extremely big advantage for our AI," highlights Jake Lydon, CTO at Sizekick.

Source:

Hohenstein

SHIMA SEIKI
22.09.2022

Virtual Samples: SHIMA SEIKI and KDDI launch XR Mannequin for APEXFiz

SHIMA SEIKI announces a sales promotion package for the apparel industry together with KDDI, Linking 3D fashion design with cross-reality― realizing digital catalogs, VR showrooms and new customer experience allowing 360-degree viewing without actual samples

Leading fashion technologist SHIMA SEIKI MFG., LTD. of Wakayama, Japan together with telecommunications company KDDI Corporation of Tokyo, Japan launched "XR Mannequin for APEXFiz," a sales promotion package that links SHIMA SEIKI's APEXFiz design software for the apparel industry with KDDI's XR (cross-reality) technology.

SHIMA SEIKI announces a sales promotion package for the apparel industry together with KDDI, Linking 3D fashion design with cross-reality― realizing digital catalogs, VR showrooms and new customer experience allowing 360-degree viewing without actual samples

Leading fashion technologist SHIMA SEIKI MFG., LTD. of Wakayama, Japan together with telecommunications company KDDI Corporation of Tokyo, Japan launched "XR Mannequin for APEXFiz," a sales promotion package that links SHIMA SEIKI's APEXFiz design software for the apparel industry with KDDI's XR (cross-reality) technology.

XR Mannequin for APEXFiz will be offered to the apparel industry. Using an XR Mannequin that enables viewers to check product images from any angle in 360 degrees on various devices, XR Mannequin for APEXFiz enables digital catalogues with 3D virtual sample image data of garments designed on APEXFiz design software, 360-degree VR showrooms, as well as digitally extended stores. It also realizes virtual proposals at exhibitions, showroom-style stores with no inventory, and user-friendly purchase experience on e-commerce sites, and more. It also allows users to reduce excess stock at stores and create new sales opportunities.

Eventually, by adding movement to models wearing Virtual Samples and rendering them on a cloud server, customers will be able to view high-resolution virtual fashion shows on their smartphones and other devices.

 Until now, the apparel industry has been making actual product samples in each of the planning and design stages of production. This process not only takes an enormous amount of time and cost, but generates waste of raw materials including fabric that require disposal. At the retail stage, stores also needed to have various sizes and colors in stock to address a wide range of customer preferences, resulting in excess inventory.

With SHIMA SEIKI's APEXFiz, designs can be evaluated without making actual samples, minimizing resources spent on sample production as well as lead time, enabling environmentally-friendly manufacturing.

In May 2022, KDDI developed a high-resolution XR mannequin for apparel sales, with support from Google Cloud. It enables various devices such as store signages and smartphones to check products from any angle in 360 degrees, enabling stores to sell products without maintaining inventory.

SHIMA SEIKI and KDDI combines APEXFiz and XR Mannequin to start providing XR Mannequin for APEXFiz. This brings DX solutions to all stages in the supply chain for the apparel industry, from planning and design to sample making, production, distribution, and retail sales. SHIMA SEIKI and KDDI will continue to create services together that link each other's products, to bring about a sustainable society by reducing excess stock, and providing a customer experience that gives peace of mind when purchasing products.

Source:

SHIMA SEIKI

(c) Mimaki
Talha Güldeste, Founder of Makroser Tekstil, in front of the Mimaki TS300P-1800.
08.09.2022

Makroser Tekstil uses Mimaki TS300P-1800 for carpet production

Turkish company, Makroser Tekstil specialises in manufacturing digitally printed carpets and over the years has become one of the leading suppliers in the sector. Utilising Mimaki’s high-performance TS300P-1800 sublimation transfer printer since 2020, the company has optimised their production potential to meet increasing customer expectations in this growing digital textile carpet market.

Alongside carpets, the company also offers other solutions to the carpet industry by producing backing and other materials

Turkish company, Makroser Tekstil specialises in manufacturing digitally printed carpets and over the years has become one of the leading suppliers in the sector. Utilising Mimaki’s high-performance TS300P-1800 sublimation transfer printer since 2020, the company has optimised their production potential to meet increasing customer expectations in this growing digital textile carpet market.

Alongside carpets, the company also offers other solutions to the carpet industry by producing backing and other materials

Acting as both a seller and a supplier, Makroser Tekstil has an approximate monthly output of 150,000 square meters of final product and sells about 70-80,000 square meters of intermediate goods per month. “Our market has four main pillars, including chain market groups, export, e-commerce and our own retail network. We have gained serious momentum in the sales of our final products in recent years, and we attach great importance to our sales and marketing processes, in addition to production, so to increase our profitability. We are currently exporting 35-40% of our production, and our branding and e-commerce activities show that we are making significant improvements”, says Makroser Tekstil’s co-founder, Talha Güldest.

Makroser Tekstil decided to invest in a Mimaki TS300P-1800 sublimation transfer printer back in August 2020, with the aim to strengthen their position in the digitally printed carpet market. “The investment in the TS300P-1800 has enabled us to have the capacity to respond quickly to e-commerce orders,” Güldeste commented. “Product quality is the main criterion in the supplies we provide to both online and retail outlets. We made this investment because we saw that we would increase our quality and customer satisfaction in the carpets we print. The Mimaki printer met our expectations, providing the results we wanted from the very first print after installation.” Considering the increased demand, Güldeste aims to further boost their printing capacity with investment in several more Mimaki printers.

Source:

Mimaki Europe B.V.

04.08.2022

adidas with strong growth in Western markets in Q2

  • Currency-neutral sales up 4%, despite more than € 300 million negative impact from macroeconomic constraints
  • Markets representing more than 85% of the business grow 14% overall
  • Gross margin down 1.5pp to 50.3% reflecting significantly higher supply chain costs
  • Operating profit reaches € 392 million
  • Net income from continuing operations amounts to € 360 million
  • FY 2022 outlook reflects double-digit growth during the second half of the year

“Our Western markets continued to show strong momentum in the second quarter amid heightened macroeconomic uncertainty. With Asia-Pacific returning to growth, markets combined representing more than 85% of our business grew at a double-digit rate,” said adidas CEO Kasper Rorsted. “With sports back at center stage this summer, revenues in our strategic growth categories Football, Running and Outdoor all increased by double digits. However, the macroeconomic environment, particularly in China, remains challenging. The recovery in this market is – due to continued covid-19-related restrictions – slower than expected.

  • Currency-neutral sales up 4%, despite more than € 300 million negative impact from macroeconomic constraints
  • Markets representing more than 85% of the business grow 14% overall
  • Gross margin down 1.5pp to 50.3% reflecting significantly higher supply chain costs
  • Operating profit reaches € 392 million
  • Net income from continuing operations amounts to € 360 million
  • FY 2022 outlook reflects double-digit growth during the second half of the year

“Our Western markets continued to show strong momentum in the second quarter amid heightened macroeconomic uncertainty. With Asia-Pacific returning to growth, markets combined representing more than 85% of our business grew at a double-digit rate,” said adidas CEO Kasper Rorsted. “With sports back at center stage this summer, revenues in our strategic growth categories Football, Running and Outdoor all increased by double digits. However, the macroeconomic environment, particularly in China, remains challenging. The recovery in this market is – due to continued covid-19-related restrictions – slower than expected. And we have to take into account a potential slowdown in consumer spending in all other markets for the remainder of the year.”

Currency-neutral revenues increase 4% despite macroeconomic constraints
In the second quarter, currency-neutral revenues increased 4% as adidas continued to see strong momentum in Western markets. This growth was achieved despite continued challenges on both supply and demand. Supply chain constraints as a result of last year’s lockdowns in Vietnam reduced top-line growth by around € 200 million in Q2 2022. In addition, the company’s decision to suspend its operations in Russia reduced revenues by more than € 100 million during the quarter. Continued covid-19-related lockdowns in Greater China also weighed on the top-line development in Q2. From a channel perspective, the top-line increase was to a similar extent driven by the company’s own direct-to-consumer (DTC) activities as well as increases in wholesale. Within DTC, e-commerce, which now represents more than 20% of the company’s total business, showed double-digit growth reflecting strong product sell-through. From a category perspective, revenue development was strongest in the company’s strategic growth categories Football, Running and Outdoor, which all grew at strong double-digit rates. In euro terms, revenues grew 10% to € 5.596 billion in the second quarter (2021: € 5.077 billion).

Strong demand in Western markets
Revenue growth in the second quarter was driven by Western markets despite last year’s lockdowns in Vietnam still reducing sales, particularly in EMEA and North America, by
€ 200 million in total. In addition, the top-line development in EMEA was also impacted by the loss of revenue in Russia/CIS of more than € 100 million. Nevertheless, currency-neutral sales grew 7% in the region. Revenues in North America increased 21% during the quarter driven by growth of more than 20% in both DTC and wholesale. Revenues in Latin America increased 37%, while Asia-Pacific returned to growth. Currency-neutral revenues increased 3% in this market despite still being impacted by limited tourism activity in the region. In contrast, the company continued to face a challenging market environment in Greater China, mainly related to the continued broad-based covid-19-related restrictions. As a result, currency-neutral revenues in the market declined 35% during the three-months period, in line with previous expectations. Excluding Greater China, currency-neutral revenues in the company’s other markets combined grew 14% in Q2.

Operating profit of € 392 million reflects operating margin of 7.0%
The company’s gross margin declined 1.5 percentage points to 50.3% (2021: 51.8%). Significantly higher supply chain costs and a less favorable market mix due to the significant sales decline in Greater China weighed on the gross margin development. This could only be partly offset by a higher share of full price sales, first price increases and the benefits from currency fluctuations. Other operating expenses were up 19% to € 2.501 billion (2021: € 2.107 billion). As a percentage of sales, other operating expenses increased 3.2 percentage points to 44.7% (2021: 41.5%). Marketing and point-of-sale expenses grew 8% to € 663 million (2021: € 616 million). The company continued to prioritize investments into the launch of new products such as adidas’ new Sportswear collection, the next iteration of its successful Supernova running franchise and first drops related to the Gucci collaboration as well as campaigns around major events like ‘Run for the Oceans.’ As a percentage of sales, marketing and point-of-sale expenses were down 0.3 percentage points to 11.8% (2021: 12.1%). Operating overhead expenses increased by 23% to a level of € 1.838 billion (2021:
€ 1.492 billion). This increase was driven by adidas’ continuous investments into DTC, its digital capabilities and the company’s logistics infrastructure as well as by unfavorable currency fluctuations. As a percentage of sales, operating overhead expenses increased 3.5 percentage points to 32.8% (2021: 29.4%). The company’s operating profit reached a level of € 392 million (2021: € 543 million), resulting in an operating margin of 7.0% (2021: 10.7%).

Net income from continuing operations reaches € 360 million
The company’s net income from continuing operations slightly declined to € 360 million (2021: € 387 million). This result was supported by a one-time tax benefit of more than € 100 million due to the reversal of a prior year provision. Consequently, basic EPS from continuing operations reached € 1.88 (2021: € 1.93) during the quarter.

Currency-neutral revenues on prior year level in the first half of 2022
In the first half of 2022, currency-neutral revenues were flat versus the prior year period. In euro terms, revenues grew 5% to € 10.897 billion in the first six months of 2022 (2021:
€ 10.345 billion). The company’s gross margin declined 1.7 percentage points to 50.1% (2021: 51.8%) during the first half of the year. While price increases as well as positive exchange rate effects benefited the gross margin, these developments were more than offset by the less favorable market mix and significantly higher supply chain costs. Other operating expenses increased to € 4.759 billion (2021: € 4.154 billion) in the first half of the year and were up 3.5 percentage points to 43.7% (2021: 40.2%) as a percentage of sales. adidas generated an operating profit of € 828 million (2021: € 1.248 billion) during the first six months of the year, resulting in an operating margin of 7.6% (2021: 12.1%). Net income from continuing operations reached € 671 million, reflecting a decline of € 219 million compared to the prior year level (2021: € 890 million). Accordingly, basic earnings per share from continuing operations declined to € 3.47 (2021: € 4.52).

Average operating working capital as a percentage of sales slightly decreases
Inventories increased 35% to € 5.483 billion (2021: € 4.054 billion) at June 30, 2022 in anticipation of strong revenue growth during the second half of the year. Longer lead times as well as the challenging market environment in Greater China also contributed to the increase. On a currency-neutral basis, inventories were up 28%. Operating working capital increased 23% to € 5.191 billion (2021: € 4.213 billion). On a currency-neutral basis, operating working capital was up 14%. Average operating working capital as a percentage of sales decreased 0.4 percentage points to 21.0% (2021: 21.4%), reflecting an overproportional increase in accounts payable due to higher sourcing volumes and product costs.

Adjusted net borrowings at € 5.301 billion
Adjusted net borrowings amounted to € 5.301 billion at June 30, 2022, representing a year-over-year increase of € 2.155 billion (June 30, 2021: € 3.146 billion). This development was mainly due to the significant decrease in cash and cash equivalents.

FY 2022 outlook reflects double-digit growth during the second half of the year
On July 26, adidas adjusted its guidance for FY 2022 due to the slower-than-expected recovery in Greater China since the start of the third quarter resulting from continued widespread covid-19-related restrictions. adidas now expects currency-neutral revenues for the total company to grow at a mid- to high-single-digit rate in 2022 (previously: at the lower end of the 11% to 13% range), reflecting a double-digit decline in Greater China (previously: significant decline). While so far the company did not experience a meaningful slowdown in the sell-through of its products or significant cancellations of wholesale orders in any market other than Greater China, the adjusted guidance also accounts for a potential slowdown of consumer spending in those markets during the second half of the year as a result of the more challenging macroeconomic conditions. Therefore, growth in EMEA is now expected to be in the low teens (previously: mid-teens growth), while revenues in Asia-Pacific are projected to grow at a high-single-digit rate (previously: mid-teens growth). Despite the more conservative view on the development of consumer spending in the second half of the year, adidas has increased its forecasts for North America and Latin America reflecting the strong momentum the brand is enjoying in these markets. In North America, currency-neutral revenues are now expected to increase in the high teens. Sales in Latin America are projected to grow between 30% and 40% (both previously: mid- to high-teens growth).   

Due to the less favorable market mix and the impacts from initiatives to clear excess inventories in Greater China until the end of the year, gross margin is now expected to reach a level of around 49.0% (previously: around 50.7%) in 2022. Consequently, the company’s operating margin is now forecast to be around 7.0% (previously: around 9.4%) and net income from continuing operations is expected to reach a level of around € 1.3 billion (previously: at the lower end of the € 1.8 billion to € 1.9 billion range).

More information:
adidas financial year 2022
Source:

adidas

05.07.2022

EFI Fiery acquires Provider of Production and Design Workflow Software

Fiery®, the digital front end (DFE) and workflow business of EFI, announced that it has acquired CADlink® Technology Corp., a software company that delivers solutions for the high growth areas of digital direct-to-garment (DTG) and direct-to-film (DTF) printing; digital cutting and engraving; digital wide-format print; and vehicle wraps. CADlink’s products address increasingly important customer needs for customization and personalization, and for reducing the time spent moving work from design to production.

CADlink is a global software company that serves markets that require unique workflows involving different types of production devices. CADlink’s products are recognized leaders in design, RIP and workflow technology, and are sold globally to customers through OEM partners and an extensive network of resellers. CADlink’s products, partners and channels are a natural complement to what the Fiery business delivers for its global commercial, display graphics and industrial printing customer base.  

The CADlink software portfolio includes proven, advanced solutions that support the development and growth of e-commerce for custom-manufactured products.

Fiery®, the digital front end (DFE) and workflow business of EFI, announced that it has acquired CADlink® Technology Corp., a software company that delivers solutions for the high growth areas of digital direct-to-garment (DTG) and direct-to-film (DTF) printing; digital cutting and engraving; digital wide-format print; and vehicle wraps. CADlink’s products address increasingly important customer needs for customization and personalization, and for reducing the time spent moving work from design to production.

CADlink is a global software company that serves markets that require unique workflows involving different types of production devices. CADlink’s products are recognized leaders in design, RIP and workflow technology, and are sold globally to customers through OEM partners and an extensive network of resellers. CADlink’s products, partners and channels are a natural complement to what the Fiery business delivers for its global commercial, display graphics and industrial printing customer base.  

The CADlink software portfolio includes proven, advanced solutions that support the development and growth of e-commerce for custom-manufactured products.

“Becoming part of the EFI Fiery business will extend the geographic reach for our products and enhance our ability to support and drive greater value to customers and partners worldwide,” said CADlink Co-founder and CEO Gordon Reynen.

Source:

EFI

02.06.2022

Seven Senders Studie zur Nachhaltigkeit im E-Commerce

Viele wollen sich etwas leisten – und das Klima schützen. Im Spannungsfeld dieses scheinbaren Dilemmas operiert der florierende Onlinehandel in Europa. 60 Prozent der Deutschen sogar 64,2 Prozent der Franzosen halten den E-Commerce für eine Umweltsünde. Damit liegen sie falsch, wie wissenschaftliche Untersuchungen belegen. Das geht aus einer vorgestellten Studie von Seven Senders zur Nachhaltigkeit im Onlinehandel hervor. Sie führt die wichtigsten Forschungsergebnisse zum Thema zusammen, ergänzt sie durch eine aktuelle Umfrage unter Konsumenten in sieben europäischen Ländern und bündelt sie zu Praxistipps und Best Practices für E-Tailer.

Viele wollen sich etwas leisten – und das Klima schützen. Im Spannungsfeld dieses scheinbaren Dilemmas operiert der florierende Onlinehandel in Europa. 60 Prozent der Deutschen sogar 64,2 Prozent der Franzosen halten den E-Commerce für eine Umweltsünde. Damit liegen sie falsch, wie wissenschaftliche Untersuchungen belegen. Das geht aus einer vorgestellten Studie von Seven Senders zur Nachhaltigkeit im Onlinehandel hervor. Sie führt die wichtigsten Forschungsergebnisse zum Thema zusammen, ergänzt sie durch eine aktuelle Umfrage unter Konsumenten in sieben europäischen Ländern und bündelt sie zu Praxistipps und Best Practices für E-Tailer.

Wo die Potenziale liegen …
In der Generation Z, der junge Menschen zwischen 18 und 24 angehören, meinen neun von zehn, dass jedes Unternehmen Umweltverantwortung übernehmen sollte. Dabei interessieren sich 85 Prozent der europäischen Firmen für eine Reduktion ihrer Emissionen. Das betrifft auch die E-Commerce-Branche, obwohl sie – verglichen mit dem stationären Handel – in Sachen Umweltbelastung deutlich besser dasteht: Durchschnittlich ist der berechnete CO2-Ausstoß pro im Internet verkauftem Produkt um den Faktor 2,3 geringer. Dennoch gibt es in Sachen Klimaschutz noch Luft nach oben: Der Löwenanteil der im E-Commerce generierten Emissionen entfällt auf den Transport – First und Last Mile zusammengenommen. Er macht zwischen 35 und 65 Prozent der Gesamtumweltbelastung aus und bietet damit, neben Verpackung und Retourensteuerung, den größten Hebel für Verbesserungen.

Bewusstsein ist nicht gleich Handeln
Die Studie zeigt: Mit dem wachsenden Umweltbewusstsein der Onlineshopper in Deutschland, Österreich, der Schweiz, Frankreich, Italien, Spanien und den Niederlanden stieg zuletzt auch die Bereitschaft an, für nachhaltige Lieferoptionen mehr Geld in die Hand zu nehmen, und zwar von 54 Prozent 2021 auf 70 Prozent in diesem Jahr. Dies bedeutet nicht automatisch, dass die Option beim Checkout auch tatsächlich genutzt wird. Best Practices in der Studie von Seven Senders zeigen, dass eine gute Nutzerführung und Information über die Umweltwirkungen verschiedener Versandlösungen dazu beitragen, dass nachhaltige Optionen um bis zu viermal häufiger angenommen werden. Die Studie macht deutlich, dass der Onlinehandel für das Erreichen seiner Klimaziele auf die Mitwirkung seiner Kunden angewiesen: Eine Senkung der Retourenquote, die für vermeidbare Umweltbelastungen sorgt, oder mehr Akzeptanz für eine Zustellung an Out-of-Home-Sammelstellen schaffen Quick Wins fürs Klima, die jeder E-Tailer nur gemeinsam mit seinen Kunden erreichen – und damit tonnenweise CO2 einsparen kann. Wie viel genau, das beziffert Seven Senders im Rahmen eines DEKRA-zertifizierten Rechenmodells: Demnach verursacht die Zustellung an eine Out-of-Home-Sammelstelle im Vergleich zur Lieferung an eine Privatadresse durchschnittlich 300 g weniger CO2 pro Paket.

Nachhaltigkeit ist (k)ein Zukunftsthema
Trotzdem ist der Weg hin zu einem Onlinehandel, der keine Emissionen mehr verursacht, noch weit – und die Realisierung von CO2-neutralen Logistiklösungen, wie der Einsatz von E-LKWs, wird noch Jahre brauchen. Der Klimaschutz braucht schnell wirksame Lösungen, hier bietet sich die Kompensation von kurzfristig nicht vermeidbaren CO2-Emissionen als „goldene Brücke“ in eine emissionsarme oder sogar -freie Zukunft an, in der entsprechende Maßnahmen umsetzbar sind und greifen. Dass eine solche Strategie auch ein Wettbewerbsvorteil und Wachstumsimpuls für verantwortungsvoll agierende E-Tailer sein kann, zeigt die Studie ebenfalls: Durch die Skaleneffekte der E-Commerce-Logistik und abweichende Konsumgewohnheiten in den unterschiedlichen europäischen Märkten kann sogar eine Expansion zu positiven Effekten in der Klimabilanz führen. Thomas Hagemann, Gründer und Co-CEO von Seven Senders, sieht die E-Tailer auf einem guten Weg in Richtung Nachhaltigkeit: „Kaum eine Branche entwickelt sich so dynamisch wie der Onlinehandel, der sich mit Disruption auskennt wie kaum ein anderer. Frühzeitig auf die Wünsche von Konsument:innen einzugehen und diese rasch und effizient umzusetzen, gehört zu seinen Stärken. Die intensive Debatte um Umwelt- und Klimaschutz sowie mehr Nachhaltigkeit im Konsum können E-Tailer einmal mehr nutzen, um zu wachsen und an Stärke zu gewinnen.“

Source:

Seven Senders GmbH

Sappi at the FESPA Global Print Expo 2022 in Berlin (c) Sappi Europa
Sappi at the FESPA Global Print Expo 2022
20.04.2022

Sappi at the FESPA Global Print Expo 2022 in Berlin

  • Dye Sublimation Papers that bring colour to life

At the upcoming FESPA Global Print Expo 2022 (31 May to 3 June) in Berlin, leading specialty papers manufacturer Sappi will be showcasing its extensive portfolio of coated and uncoated dye sublimation papers, containerboard and silicone base papers. At Europe’s most significant trade fair for screen and digital printing, large-format printing and textile printing, visitors to stand 4.2-D20 will have an opportunity to see for themselves the many qualities and diverse applications of Sappi’s papers:

  • Dye Sublimation Papers that bring colour to life

At the upcoming FESPA Global Print Expo 2022 (31 May to 3 June) in Berlin, leading specialty papers manufacturer Sappi will be showcasing its extensive portfolio of coated and uncoated dye sublimation papers, containerboard and silicone base papers. At Europe’s most significant trade fair for screen and digital printing, large-format printing and textile printing, visitors to stand 4.2-D20 will have an opportunity to see for themselves the many qualities and diverse applications of Sappi’s papers:

  • Experience the comprehensive portfolio of sublimation papers
  • Learn about Sappi’s plans to support further market growth
  • See the benchmark products for corrugated board production
  • Explore the full range of silicone base papers

Investment in increasing production capacities for sublimation papers
Sappi’s theme for this year’s FESPA Global Print Expo is “Seed. Thrive. Earn.” Sappi, one of the world’s leading manufacturers of speciality papers, has indeed planted a seed by recognising the rapidly growing importance of sublimation papers for digital transfer printing. The company recently announced that it will be investing a sum in the low double-digit million euros over the next two years in the expansion of its “Centre of Excellence” for speciality papers at its Carmignano site in northern Italy. The investment aims to increase production capacity to support further growth of the dye sublimation paper business. It will also further improve the company’s first-class service, while shortening delivery times.

Comprehensive product portfolio of sublimation papers for a multitude of applications
Thanks to previous investments, Sappi is ideally positioned to offer an extensive portfolio of dye sublimation papers for digital transfer printing. These are constantly being improved and adapted to the latest market requirements and ongoing developments in sustainability. Sublimation papers are used in the fashion, home textile, sportswear and sports equipment sectors as well as in the soft signage and hard substrates industries.

This year, all papers will be displayed with new designs and materials to give visitors the best possible overview and insight into the numerous application possibilities adapted to a variety of machine types and speeds. In addition to Sappi Basejet, an uncoated sublimation paper, the complete Transjet brand product family will be presented.

High-quality containerboard products for corrugated board applications
For applications such as promotion displays, high-quality packaging or e-commerce cartons, Sappi offers a portfolio of coated and uncoated liner qualities. These guarantee brilliant colour reproduction as well as excellent contrast and improved readability. The 100 per cent virgin fibre Fusion range liners are today’s premium solutions for displays, consumer packaging, shelf-ready packaging and trays. With their homogeneous surface and high whiteness, the virgin fibre liners fulfil all the requirements for strong brand impact at POS.

A full spectrum of silicone base papers
Silicone base paper products complement Sappi’s portfolio at this year’s FESPA. Developed as release liners for self-adhesive applications such as automotive foiling, outdoor advertising and office materials, they offer exceptional siliconization properties as well as easy and efficient processing.

More information:
Sappi Europe Fespa Global Expo
Source:

Sappi Europe