Weekly Industry Newsletter, 13th May

Weyco Reports Q1 Earnings

Net Income: Net earnings attributable to Weyco Group Inc. rose 13 percent to $3.6 million in the first quarter, ended March 31, 2015, from $3.2 million in last year’s first quarter.

Read more on Foot Wear news >>

Macy’s Off-Price Business to Debut with Four Stores

Macy’s Backstage pilot locations will open in fall 2015 in metro New York City.
Macy’s, Inc. (NYSE:M) today announced that the first four pilot stores in Macy’s new off-price business, one of the company’s key growth initiatives, will open in fall 2015 in metro New York City.

Read the article on Business Wire >>

Deflation slows in April for UK's non-food retail sector

UK shop prices remained low in April, with the non-food retail sector reporting its 25th consecutive month of deflation, according to the BRC-Nielsen Shop Price Index for April.
The Index reported annual deflation of 1.9% in April from 2.1% in March. Non-food deflation slowed to 2.5% last month, from 2.8% in March.

Read the article on Wedding Daily >>

Technology

Gerber Technology Enhances Operator Experience for Z1 Cutter

Gerber Technology, a world leader in integrated solutions for the apparel and industrial markets, introduces upgrades on two software technologies.

Read the article on PRWeb >>

Sourcing

HStock outside China to keep global cotton price down: ICAC

According to the International Cotton Advisory Committee (ICAC), excess cotton stocks held outside China are likely to keep international cotton prices down in 2015-16.

Read the article on Fibre 2 Fashion >>

Wool Prices Spike in April on Strong Merino Demand

Wool prices in key Australian markets turned sharply higher in April as the stronger Aussie dollar and brisk demand for Merino counts pushed the benchmark Australian Eastern Market Index (EMI) up by more than 10 percent, from $3.83 to $4.24. On an Australian dollar basis, the index finished the month up 6 percent.

Read the article on Sourcing Journal >>

Consumer Awareness of Smart Fabrics Remains Low

Although consumer awareness of smart fabric garments available in today’s market remains low, interest in the area could provide an opportunity for education that may drive future sales.

Read more on Sourcing Journal >> >>

Currency Brief: Euro Surges 4.1% in April

The dollar weakened in April against most world currencies, with the U.S. dollar index closing down 3.6% for the month.

Read more on Sourcing Journal >> >>

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