Tuesday, October 18, 2016

A Thriving Industry by Any Other Name… Apparel, Apparel, Wait, What?!



Don’t look now, but the apparel industry is slowly, quietly but distinctly making its way back to the U.S., and some of our apparel friends in the Decorated Apparel Market are doing their best to move things right along. An article in the September/October issue of Textile World magazine highlights the findings of the National Council of Textile Organizations (NCTO). As countries outside the U.S. began to be hit with rising labor costs, shipping costs and energy bills, textile production began to find its way home. In numbers large enough to export to other countries!

Last year, American-made textiles generated $56.7 billion, a five-year increase of 13.4%. Big Box giant Wal-Mart, a former leader in off-shore strategy to lower prices, committed to increase its spending with American suppliers by $50 billion over the next 10 years. Why? Fast turn-around, high quality, low risk and cost saving! And as textiles become more available here at home, apparel manufacturers are re-thinking their strategy. Take well known Gildan, for example:

Peter Iliopoulos, Gildan’s senior VP of Public & Corporate Affairs points out, “We have invested $350 million in the U.S. in the past three years. Gildan has leveraged the great quality and superior value of USA cotton with a strong base of skilled labor, low energy costs and a stable investment climate.” Drawing their line in the sand, the Gildan official goes on to state, “We believe that U.S. consumers will increasingly position their support behind brands and companies that are investing in the USA.”

And don’t look now, but jobs at Gildan have grown by 60% since 2010, not including the 700 that were added in 2016. And sales? Since 2010, net sales have increased 96%. Kind of reminds me of the good old days. And if this is a trend – and certainly the growth noted in this article that is documented through the last 10 years – what a great bellwether for the embellishment side of the industry!


To read this article in its entirety, click here.
To learn more about the NCTO, click here.

1 comment:

  1. Woh I like your blog posts, saved to bookmarks!

    ReplyDelete