Business Comes Back Big Time at OFFPRICE

Kelli Freeman, Contributing Writer | Thursday, March 7, 2024

Buyers enjoyed quality merchandise in the latest styles and trends at the value-based OFFPRICE Show, held Feb. 13–16 at the Venetian Convention & Expo Center. Buyers as well as social-media influencers shopped name-brand closeouts, last season’s merchandise, and cash & carry.

Value-priced merchandise has become such a successful part of the retail sector that exhibitors are starting to manufacture their own products, such as Love Poem, based in Los Angeles and made in China. “We’re recognized as a high-quality, young, vibrant, trendy and super-economic brand,” said sales manager Isaac Kim. Nylon loungewear sets were selling for $6.50.

Los Angeles–based Tasha Apparel sells collections for girls and young women aged 7–22. “Our concept is the bohemian girl to sexy young lady,” said owner Uzi Baruch. Prices range from 50 cents to $16.

Business at the show was good for the Houston-based Originals contemporary women’s resortwear. “It’s fate to be here. We started with a 10 x 10 booth and grew to a 40 x 40,” said Raymond Chen.

“I’m excited to see businesses picking up a bit and people writing orders,” said Tricia Barglof, OFFPRICE executive director, who added that value-priced

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Stocks Flashing Renewed Technical Strength: G-III Apparel Group

On Thursday, G-III Apparel Group (GIII) got an upgrade to its Relative Strength (RS) Rating, from 80 to 83.




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This exclusive rating from Investor’s Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the stocks that went on to make the biggest gains often had an RS Rating north of 80 in the early stages of their moves.


Hone Your Stock=Picking Skills By Focusing On These Factors


G-III Apparel Group is working on a consolidation with a 35.68 buy point. See if it can break out in heavy trades.

The company reported 85% EPS growth in the latest quarterly report, while sales growth came in at -10%.

G-III Apparel Group holds the No. 7 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ermenegildo Zegna (ZGN), Ralph Lauren Cl A (RL) and Gildan Activewear (GIL) are among the top 5 highly rated stocks within the group.

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Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength

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The Next Stages in Fashion Tech Will Prove AI Is a Friend, Not a Foe

There have been many discussions regarding the capabilities of AI. Within these conversations there has also been a lot of misunderstanding and inaccurate information regarding advancements in AI and how these will shape the roles and need for humans.

The fashion industry has been utilizing AI tools for many years, from on-demand solutions and personalization to analyzing data and predicting the next trends. Tools intended to aid humans—not replace them—can reduce errors, create efficiency and clarify communication to streamline operations that will create a more sustainable fashion industry.

Reducing the fear surrounding the power of AI can be achieved with education, training and open discussions regarding how this technology can help rather than hinder human progress within the fashion industry. California Apparel News asked technology experts: As AI continues to thrill technology enthusiasts, how do you feel it will advance this year to drive innovation in the fashion industry?

  

Shahrooz Shawn Kohan

Chief Executive Officer

AIMS360

 AI is a game changer for us at AIMS360 Fashion Business Software. This year, we are deploying AI for our fashion brands across both customer-facing services and back-office operations. The information is powered by our AIMS360 database. For example, consumers can ask AI bots

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Is Shoe Carnival Inc (SCVL) a Smart Choice in Apparel Retail Friday?

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Friday, March 22, 2024 12:24 PM | InvestorsObserver Analysts

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Is Shoe Carnival Inc (SCVL) a Smart Choice in Apparel Retail Friday?

The 57 ratings InvestorsObserver gives to Shoe Carnival Inc (SCVL) stock puts it near the top of the Apparel Retail industry. In addition to scoring higher than 72 percent of stocks in the Apparel Retail industry, SCVL’s 57 overall rating means the stock scores better than 57 percent of all stocks.

Overall Score - 57
SCVL has an Overall Score of 57. Find out what this means to you and get the rest of the rankings on SCVL!

What do These Ratings Mean?

Trying to find the best stocks can be a daunting task. There are a wide variety of ways to analyze stocks in order to determine which ones are performing the strongest. InvestorsObserver makes the entire process easier by using percentile rankings that allows you to easily find the stocks who have the strongest evaluations by analysts. Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver‘s overall rating a great way to get started, regardless of your investing style. Percentile-ranked scores are also easy to understand. A score of 100 is the top and a

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What Was New, Now and Next at Project

Kelli Freeman, Contributing Writer | Friday, March 8, 2024

Over 500 contemporary men’s and women’s brands were showcased at Project Las Vegas, held at the Las Vegas Convention Center Feb. 13–15.

From L.A. Clippers guard Russell Westbrook’s Los Angeles–based Honor the Gift to a surprise meet-and-greet by footwear founders and social-media stars Dixie D’Amelio and Charli D’Amelio of D’Amelio Footwearthere was plenty of excitement on the show floor.

At Project Women’s, “everyone in the business is showing here,” said Mitra Martin, director of womenswear for the Barcelona stores in the California Bay Area, who added, “I noticed a lot of splash, glitter and glam. It’s our job to educate our customers that it’s okay to be fancier and have fun.”

A standout piece from women-owned and -manufactured Komarovmade in Los Angeles, was a bateau-neck, tea-length dress with sheer lace and detailed sleeves priced at $155.

“Buyers are requesting more of a mid to low waist,” said Sara Holway, Pistola senior account executive for the Midwest. The Los Angeles–based brand offered flat-studded midrise denim bowed horseshoe pants priced at $90 with a matching jacket at $113.

“We had two strong days,” said Frederic Barrouquere of the Malibu, Calif.–based lifestyle

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Does Fashion Have a Reason to Celebrate This World Water Day?

Although water is a key component in fashion and apparel—for growing cotton, producing denim, dying garments and more—it is often overshadowed by other ESG-related issues, such as greenhouse gas emissions and labor.

March 22 marks World Water Day, a global observation sparked by the United Nations focused on the importance of fresh water. Climate activists and industry players alike have, over time, come to use the day as a time to advocate for stable, sustainable management and use of water.

But fashion and apparel could be a threat to that dream.

The industry contributes to about one-fifth of total industrial wastewater globally and consumes about 79 trillion tons of water annually, according to a study by international academics versed in the industry.

According to the UN, when non-organic cotton is used to produce one pair of jeans via standard processes, it requires about 10,000 liters of water to grow. That amount is equal to what the average human would drink over a 10-year period.

For all its efforts around sustainability, fashion still seems to be drowning in a massive water use and abuse problem—but some industry players have been working toward solutions.

Science-based wastewater dye removal

Throughout the industry, scientists,

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Apparel Group’s fashion brand R&B opens 2nd store in Kochi

Located at LuLu Mall, Edappally, it is the 19th R&B store across the country

Bangalore: Fashion brand Rare and Basics (R&B), owned by retail conglomerate Apparel Group, has launched its second store in Kochi, an industry official wrote on social media on Tuesday. Located at LuLu Mall, Edappally, it is the 19th R&B store across the country.

“Happy to announce that R&B store opened in Lulu mall, Kochi last week,” said Pradosh Neelakandan, manager – retail design and delivery at Lulu Group International in a LinkedIn post while sharing pictures of the new store.

Kochi’s first R&B outlet is situated at Center Square Mall, Rajaji Junction, which was launched in August 2023.

R&B stores provide a range of Western wear for men, women, and children.

In India, the brand is currently present in cities such as Kozhikode, Kochi, Ahmedabad, Hyderabad, Bengaluru, Mangalore and Mysore.

Apparel Group launched R&B in October 2012 and opened its first retail store at Muscat Grand Mall in Oman. It currently operates over 70 stores across seven countries including India, Oman, UAE, Qatar, Bahrain, Kuwait, and Saudi Arabia, the company said in a previous press release.

UAE-based Apparel Group operates over 2025 retail stores and markets

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Classic Elements Lead Trends to Support Sustainable Manufacturing

As the fashion industry continues to promise greater movement toward sustainable manufacturing, at the foundation of the pledges apparel companies make lies the sourcing of fiber, yarn and fabric through responsible means. This trend has, over the last 10 years, transitioned into a mainstay—an expectation from consumers that brands will invest in sustainable partners.

Supporting the sustainable supply chain, the year’s trends in textiles call for durable fabrics in comfortable fabrications that are applied to designs that can become classics in consumers’ wardrobes and investment pieces by lasting for many seasons. Designs turn toward modern, fresh takes on enduring patterns and styles. The fibers and yarns that are used to create these fabrics are the foundations for rich textures, beautiful hand feel and long life cycles.

California Apparel News asked leaders in fiber, yarn and fabrics: What trend in textiles do you feel will define this year as consumers seek change in many areas of their lives, including fashion and apparel?

  

Binita Bhuta

Vice President Marketing and Sustainability

CovationBio

 Consumers are more focused than ever on wellness, spending discretionary funds on experiences versus goods and doing good for society in a quantifiable, meaningful way. These values translate into fashion and

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What the Apparel Industry Should Know to Navigate Some Choppy Seas

Photo courtesy of Krieger Worldwide

Photo courtesy of Krieger Worldwide

Christian Chensvold, Associate Editor | Friday, March 8, 2024

Robert Krieger

There’s an old saying that anything you could want good, fast and cheap you only get to pick two. In other words, good and fast won’t be cheap, and cheap and fast won’t be good.

The California Apparel News recently checked in with Robert Krieger, president of logistics company Krieger Worldwide—“a kind of travel agent for cargo,” as he puts it—to give us the outlook on shipping as it relates to the apparel industry and the challenges that lie ahead.

CAN: How has 2024 kicked off so far in the logistics world?

RK: The good news is that most places aren’t congested but some are. The Panama Canal has become extremely overcongested and is getting worse, which means delays and surcharges. Ships have to float on water, and there’s a drought in Panama. The canal averages 38 ships per day and is getting down as low as 18. If ships can’t go through the canal, then Los Angeles and Long Beach are expected to get more congested.

CAN: What’s the most important thing for apparel companies to know right now?

RK: Know your

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New Star Wars Apparel: RSVLTS’ Dark Side Collection

You can’t unleash the power of the dark side until you see the latest Star Wars collection from RSVLTS.

Join the Galactic Empire on their quest to control the galaxy with the Dark Side Collection, featuring five items that honor the most notorious villains within the Star Wars franchise. Like all RSVLTS apparel, each piece features its signature KUNUFLEX material and is available for all ages.

“The Empire Wuz Here” shirt is perfect for fans who adore the Siths from the original trilogy. The button-up piece features all-over graffiti graphics across a black brick wall pattern. This shirt honors the Galactic Empire’s greatest allies, including Darth Vader, Darth Sidious, and Darth Maul.

Looking for more nostalgic pieces? The “Quite Operational” shirt features blueprints for the Death Star, and “The Force

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