Why the Apparel, Cotton and Synthetics Price Outlook Is So Unclear - Sourcing Journal

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Why the Apparel, Cotton and Synthetics Price Outlook Is So Unclear - Sourcing Journal

Why the Apparel, Cotton and Synthetics Price Outlook Is So Unclear - Sourcing Journal
FGCU alumnus and family establish apparel company to support mangrove habitat - Wink News
Target's Apparel Sales Grew 10% in Q3 - Morning Brew
Ross shrugs off retail's apparel doldrums as comps spike 5% - Retail Dive

Posted: 22 Nov 2019 09:30 AM PST

Balancing softness in fiber and fabric prices with increased costs brought on by tariffs already in place and the threat of new ones by President Trump, the outlook for textile and apparel prices remains uncertain. The short-term outlook appears to be a slow rise in final prices at the wholesale and retail level as companies…

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FGCU alumnus and family establish apparel company to support mangrove habitat - Wink News

Posted: 22 Nov 2019 12:59 PM PST

WINK NEWS

An FGCU alumnus and his twin brother are working to ensure an important plant species in Florida and natural environments worldwide remains thriving. The idea was realized in Southwest Florida, and the brothers made it possible on the east coast of the state and overseas. Now, they hope to return to their roots and make an impact within local ecosystems that benefit from the natural barrier this plant species provides.

Brothers Kyle and Keith Rossin established MANG, a fishing apparel company the two spearheaded to maintain and restore crucial mangrove habitat in Southwest Florida.

"You can see some small red mangroves and white mangroves and black mangroves," said Kyle, the CEO of MANG. "My Aunt Sheri does our pen and pencil drawings. And, then, my brother, Keith, comes in and does a lot of the artwork for the graphic design."

How it works: "You buy one shirt, you buy one hat, you buy one sticker, we plant one mangrove," Kyle said.

Kyle told us the idea for this initiative began locally at FGCU's Vester Field Station.

"A good buddy of mine, we were staring at a stand of mangroves," Kyle said. "And he liked the idea of doing a mangrove camouflage."

MANG was born, and it was all in effort to restore mangroves and raise awareness about the species' environmental importance.

"We grow them up in our nursery in West Palm Beach,"" Kyle said. "From there, they grow up for about two years. Once they hit the two-year range, they either get upgraded into larger pods, or they go out into the wild."

The mangroves are planted in the wild to reinforce coastlines, a natural role mangroves fulfill.

Kyle and Keith both hope to bring their environmental efforts to Southwest Florida.

"We've achieved projects in the Florida Keys and the greater Palm Beach County," Kyle said. "We're looking to expand into Sanibel Island. For instance, we're working with partners on Sanibel to hopefully get some projects going here on the west coast."

They've also planted mangroves in Africa and Central America to restore and protect natural environments worldwide.

"Mangroves are keystone to our ecosystems,"" Kyle said. "They provide habitats for our birds, fish and aquatic species."

For more information, see the MANG mission page.

The brothers perform a labor of love to leave a lasting impact on the world's ecosystems.

"Change the world one mangrove at a time, not to be cliché," Kyle said. "But to really give an understanding to people that mangroves are an important species. But to inspire, say, someone else to do something else out in the world. I think is kind of my deeper mission."

Target's Apparel Sales Grew 10% in Q3 - Morning Brew

Posted: 22 Nov 2019 08:16 AM PST

The compliment magnets in my wardrobe have one thing in common: They look like Alaïas, but they're actually from Target. I'm not alone, considering apparel is now Target's fastest-growing segment.

Earnings beat, but make it fashion

On Wednesday, Target reported that its Q3 revenue increased to $18.7 billion, up 4.7% from the previous year. Net income rose 14.5% to $706 million. And the bow on top? Target said its apparel sales increased more than 10%.

As clothing divisions at J.C. Penney, Macy's, and Kohl's wrinkled in Q3, Target's apparel gains were "one of the highlights of our quarter if not for the entire year," said CEO Brian Cornell. How Target earned bragging rights:

It gave each of its private-label brands their own in-store boutiques with better lighting and bigger displays.
Target has built so much brand affinity, it's skirted the race-to-the-bottom discounts pushed by rival stores.

My takeaway: With robust margins from apparel, Target hardly needs its annual designer collaboration to clear its hangers.

Ross shrugs off retail's apparel doldrums as comps spike 5% - Retail Dive

Posted: 22 Nov 2019 08:09 AM PST

Dive Brief:

Ross Stores sales rose 8% year over year to $3.8 billion in the third quarter, with comp sales up 5%, according to a press release.
At 12.4%, operating margins rose above the off-price retailer's expectations, according to CEO Barbara Rentler. Net earnings rose 9.8% to $371 million.
Ross' profit and sales beat FactSet analyst estimates as well as the retailer's own estimates, sending the retailer's stock up 2% Thursday in extended session, according to MarketWatch.

Dive Insight:

Off-price is, again, proving to be one of the brightest spots in retail, including apparel, which is giving much of the market a headache (with some notable exceptions, including Target, which gained market share in the category in Q3).

Rentler told analysts children's apparel was one of the strongest categories during the period, with ladies apparel also improving, according to a Seeking Alpha transcript. But she also called the sales improvements "very broad based," with categories across the business performing well.

Ross Senior Vice President and CFO Travis Marquette noted that the retailer's comp gains were driven both by increased customer traffic as well as average basket sizes.

The retailer is preparing for Q4, merchandising gift products throughout the store, executives said, but Rentler also cautioned that the period poses challenges, too.

"As we enter this year's holiday season, we are up against multiple years of strong comparable store sales gains," she said in a statement. "In addition, we expect another fiercely competitive retail landscape, along with ongoing uncertainty surrounding the macro-economic and political environment." For Q4, management expects comps to rise 1% to 2%.

That said, the improvement in women's apparel and the all-around solid Q3 positions Ross, which has added around 90 new stores this year, well for the next year. MKM Partners analyst Roxanne Meyer said in an emailed client note that she expects Ross and other off-price players in 2020 "to benefit from tariffs longer term (given industry disruption), ongoing department store weakness and consolidation, and from inventory dislocation in the e-commerce model."

In a report from last week, Meyers noted that Gen Z and millennials were traffic drivers to off-price shops, which bode well for the long-term, as do "abundant" big-box real estate opportunities for the sector.

"The real game changer in our view is the incremental availability of inventory that comes from hundreds if not thousands of online contemporary brands," she added, noting demand forecast difficulties, high customer returns and poor outlet/disposition strategies. "Hence, off-pricers are in a sweet spot."