Vendor Loyalty

On boards related to screenprinting and shirts and in discussions on Facebook I run into lots of people that shop around for the “best price.” As one person said today,  $.10 on 50K shirts is a big deal. However, more often I see people going across the road for two cents on 100 shirts. Even ten cents on a hundred shirts, is that worth it?
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Misprint Monday: White Ink Futures

At the end of January 2017 there was a major fire in the Huntsman plant in Pori in Finland. Despite the dramatic photos of this clearly very large fire, luckily there were no reported injuries or deaths. This plant produces a large portion of the titanium dioxide in the world used in white printing inks. So you might see white ink prices rise this year.
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Interview with Scott Craig GM of Wilflex AND Rutland

PolyOne Corporation, the company that owns Wilflex Inks, recently bought Rutland Plastic Technologies. This gives PolyOne ownership of the companies supplying ink to a majority of garment printers in the USA.  Last week I had a chat with the General Manager of Wilflex and now also of Rutland. Our chat reinforced some of the obvious benefits to what the merger could possibly mean, and reassured
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Misprint Monday: Right and Wrong, Black and White?

We recently mocked up a job on lime green shirts with white ink. Not super high contrast but it looked ok. The customer approved the mock up, and the customer had seen the blank shirts in this color before. We printed the job and the customer was unhappy at the lack of contrast. We could not really disagree. As you can see it is tricky
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Golden State Warriors, 2017 NBA Finals Champs?

If you’ve engaged in “hot market” printing, specifically for MLB or NBA in which championships are determined by the winner of a best of seven series, you understand the anxiety and significant effort which goes into preparing your print shop for each potential series clinching game; adjusting your regular production schedule, setting up multiple presses, motivating your staff to work an overnight shift, etc.  If
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Reflections at the End of the Trade Show Season (at the end of the retail era as we knew it…)

I woke up to a Business Insider article about the decline of retail stores.    They report that a third of malls are in danger of closing, and that visits to malls decreased 50% from 2010 to 2013. Noted at our industry shows, American Apparel will be closing their 110 retail locations and Abercrombie closing 60 outlets. Some are calling it the “retail apocalypse.” Add
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American Apparel Back in Business, Sort of…

Gildan purchased American Apparel and for a time during integration you could not buy wholesale. They are now back in the wholesale business, most customers can order again and distributors will get product again. I know some employees are back in action, but not sure how many. For the time being 10 key styles including the classic 2001 will be available as Made in the
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Gildan Announces Stock Buyback

The Gildan announcement goes as follows from their press release this morning: “Gildan Activewear Announces Plan to Buy Back Shares Through Private Agreements Montreal, February 28, 2017 – Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that it intends to purchase for cancellation up to 877,000 of its common shares pursuant to one or more private agreements between Gildan and an arm’s‐length third‐party seller.
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Gildan Announces 4th Qtr and 2016 Earnings

Gildan released 4th Qtr and full 2016 earnings and their forecasts for 2017. In their own words: Net sales growth of 8.1% in the fourth quarter GAAP diluted EPS and Adjusted diluted EPS of $0.32, both up 14% compared to Q4 2015 2017 Adjusted diluted EPS guidance of $1.60-$1.70, representing 9% growth over 2016 at midpoint of range Record free cash flow of $398 million
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