My first Magazine Latest Edtion (18 March 2019) | Page 4

www.gtanews.in Global Textiles & Apparels, Mumbai, 18 March 2019 Karl Mayer to show Warp Knitted Textiles Mumbai: Karl Mayer will showcase warp-knitted textiles having exceptional level of performance at Techtextil 2019 in Frankfurt from May 14-17. Textiles with excellent performance and lower manufacturing costs can be produced by combining possibilities of additive production with warp knitting technology. Examples include warp knits functionalised by 3D printing. Karl Mayer has grouped together all its activities relating to the use of new technologies and innovative products under the concept of Rapid Textiles. These products with integrated electrical conductivity and shaping characteristics form part of the Textile Makerspace system, an extremely efficient textile solution for protecting buildings, and a completely new generation of warp- knitted spacer textiles, said Karl Mayer Rapid Textiles will be part of the Techtextil show. Karl Mayer is also inviting people to attend an in-house show, to be held at the same time as the fair, at its headquarters in nearby Obertshausen. Karl Mayer has grouped all its digital solutions under the KM.ON brand, and will also be showcasing this system on its stand at the Techtextil. Furla’s growth continues Aditya Birla Group’s to expand its capacity Mumbai: Furla, Italian luxury firm, ended FY 2018 with an astounding turnover of 513 million euros, which is an impressive increase of 5.2 per cent at constant exchange over 2017. What makes the numbers noteworthy is that the turnover has doubled over the last 4 fiscal years. The company is now all set to increase its portfolio, launching a wide range of sneakers. Furla has also been enhancing its presence in Asia-Pacific with 18.2 per cent growth in 2018. 26 per cent of company’s total revenue comes from Asia-Pacific region. Also, it is worth noting that the EMEA region constitutes 44 per cent of company’s worldwide turnover. The company is presently in 98 countries with 285 owned stores and 163 franchise stores. Travel retail too saw a growth of 16.2 per cent last year representing 7.3 per cent of Furl Group’s turnover owing to 293 points of sale, including stores, corners and shop-in-shops in 64 countries. Since February 2019, Furla has also ventured into sneaker market and the response so far has been good. Mumbai: Aditya Birla Group’s fabric brand Liva is soon going to expand into men’s wear and home textiles. Birla Cellulose is also going to infuse about 4,000 crore in its Vilayat factory in Gujarat to increase the capacity of fibre manufacturing. As of now, domestic men’s wear segment has brands such as Mufti, Wrangler, Levi’s, Numero Uno, and Raymond brands to name a few. Aditya Birla group has in-house apparel brands such as Louis Philippe, Allen Solly, Van Heusen, Peter England and People which compete with these brands. Meanwhile, Liva has collaborated with FDCI to promote greener, sustainable fashion. Liva Eco is Birla Cellulose’s enhanced version of Liva fabric that is made from wood derived fibres. The fabric will be in market by April 2019. Recently, it was announced that Grasim Industries has signed an agreement to acquire 100% equity shareholding of Soktas India (SIPL). For an enterprise value of Rs 165 crore, subject to net debt and working capital adjustments as of the closing date, the company will be taking the control from SOKTAS Tekstil Sanayi ve Ticaret which manages its operations from Turkey. Birla group is currently the world’s largest viscose manufacturing company. The company also acquired fashion-chain Pantaloons from the Future Group and manages it. Associations & Company affairs 04 Tilly’s net sales report FY18 Mumbai: Tilly’s, Inc. reported total net sales of 598.5 million dollars, an increase of 3.7 percent, while comparable store net sales increased 4 percent, following a 1 percent increase in fiscal 2017. The comparable store net sales in physical stores increased 1.4 percent and represented approximately 85 percent of total net sales, while ecommerce net sales increased 21.7 percent and represented approximately 15 percent of net sales. The Total net sales for the fourth quarter, Tilly’s said, were 170.6 million dollars, an increase of 3.8 percent. The Company ended fiscal 2018 with 229 total stores, including four RSQ- branded pop-up stores, compared to 219 full-size stores last year. The Comparable store net sales, including ecommerce net sales, increased 6.4 percent compared to flat comparable store net sales during last year's fourth quarter. The Ecommerce net sales increased 49.6 percent and represented approximately 20 percent of total net sales this year. The Comparable store net sales in physical stores decreased 0.9 percent and represented approximately 80 percent. The Gross profit for the quarter was 52.2 million dollars, an increase of 1.4 percent, while gross margin, or gross profit as a percentage of net sales, decreased to 30.6 percent from 31.3 percent last year. The Operating income was 10.9 million dollars or 6.4 percent of net sales, compared to 11.4 million dollars or 7 percent of net sales, last year. The Net income was 8.7 million dollars or 29 cents per diluted share compared to 6.7 million dollars or 23 cents per diluted share, last year. On a non-GAAP basis, net income was 8 million dollars or 27 cents per diluted share, compared to 6.7 million dollars or 23 cents per diluted share, last year. The Gross profit for the year was 180.9 million dollars, an increase of 3.2 percent from 175.4 million dollars last year, while gross margin was 30.2 percent, compared to 30.4 percent last year, a decrease of 20 basis points. The Operating income was 31.5 million dollars or 5.3 percent of net sales, compared to 24 million dollars or 4.2 percent of net sales, last year, an improvement of 110 basis points. The Net income for 2018 was 24.9 million dollars or 84 cents per diluted share, compared to 14.7 million dollars or 51 cents per diluted share, last year. On a non-GAAP basis, net income was 23.9 million dollars or 80 cents per diluted share, compared to 18.9 million dollars or 65 cents per diluted shared, last year. Tilly’s said, based on current and historical trends, particularly with respect to years in which Easter occurred later in the year, as in fiscal 2019, the company expects total net sales for the first quarter of fiscal 2019 to range from approximately 128 million dollars to 130 million dollars based on an assumption of a low single- digit percentage increase in comparable store net sales. The company expects pre-tax operating results to range from a loss of approximately 0.4 million dollars to income of approximately 1.2 million dollars, and earnings per share to range from a loss of 1 cent to income of 3 cents. This compares to a comparable store net sales increase of 0.1 percent, pre-tax income of 1.7 million dollars, and earnings per diluted share of 4 cents for the first quarter of fiscal 2018. Subscribers of Global Textiles & Apparels are requested to update their profile & contact information by sending us e-mail, so that can be put on the Regular Mailing List. E-mail: [email protected] [email protected]