Klein Tools® Acquires Ergodyne In St. Paul

LINCOLNSHIRE, Ill. — September 5, 2018 — Klein Tools Inc. and Tenacious Holdings Inc. (the parent company of Ergodyne) have announced today that Klein Tools has acquired Ergodyne. Ergodyne will be operated as a separate business unit in St. Paul at its current headquarters. Tom Votel will remain president and continue to lead the Ergodyne team.

Klein Tools, a sixth-generation, family-owned company that was founded in 1857, is an iconic American brand and business. For over 161 years, Klein Tools has remained dedicated to manufacturing professional grade tools and related equipment for tradespeople worldwide.

Ergodyne, founded in 1983, has spent the last three decades pioneering the development of products that Make the Workplace A Betterplace™. What started with one product has grown into a line of top-flight, battle-tested Tenacious Work Gear®. Today, Ergodyne has established itself as the leading innovator in the safety products space.

“Ergodyne and Klein Tools have much in common, including our commitment to innovation, safety, our customers and our reputations for producing high-quality products,” says Tom Klein Jr., co-president, Klein Tools. “We believe that our combined resources and expertise will enable us to grow more quickly together than we could have separately. We’re excited to welcome Ergodyne to the Klein Tools team.”

Together, Klein and Ergodyne plan to expand their venerable brands and leverage their combined expertise, years of experience and industry know-how to accelerate innovation in the safety products space.

“We couldn’t be more excited to join the Klein brand and family,” says Tom Votel, president, Ergodyne. “Our company has seen tremendous success over the last three decades within the safety space, and we can’t wait to propel that forward with this historic partnership.”

Posted September 6, 2018

Source: Klein Tools

TRSA To Light Up Vegas With Marketing And Sales Summit Power

ALEXANDRIA, Va. — September 6, 2018 — TRSA is providing a unique opportunity for industry marketing and sales professionals to pick up ideas that will immediately improve their marketing strategies and sales skills at its December 12-13 Marketing and Sales Summit at Caesars Palace in Las Vegas.

The full-day agenda on Dec. 13 will begin with keynote speaker Matthew Pollard, the founder and CEO of Rapid Growth. Pollard is a bestselling author (The Introvert’s Edge: How the Quiet and Shy Can Outsell Anyone), award-winning blogger and regular contributor to CEO, Entrepreneur and Top Sales World magazines. He’ll provide tips for improving techniques to craft unified messages, discover niche clients and help highlight your value.

In addition to general sessions that cover both marketing and sales, a not-to-be-missed opportunity is the exclusive panel of industry leaders who will kick off a candid discussion on why the time is right for expansion and growth in the overall market for linens, uniforms, garments and other textiles. TRSA is pleased to host these executives as they share strategies and best practices for converting new customers or non-programmers:

  • Jim Divers, director of sales and marketing, Alsco Inc.;
  • Ryan Flaherty, vice president, sales, marketing and business development, Aramark Uniform Services and AmeriPride Services;
  • Dave Katz, senior vice president, sales and marketing, UniFirst Corp.; and
  • Bob Mitchell, senior vice president and chief marketing officer, Cintas Corp.

Who should attend this summit:

  • Marketing & sales executives;
  • Owner operators;
  • General managers; and
  • Others responsible for customer contact, business development, account or territory management.

Mix and match within the specific marketing and sales tracks for optimum participation. At registration you can choose from marketing topics such as big data, digital strategies, and top marketing metrics. The sales track will provide valuable enrichment on upselling customers, forecasting and planning, and managing the pipeline.

One hundred percent of attendees from the previous marketing summit rated their overall experience “very good” to “excellent,” and gave high marks for both speakers and content.  Attendance at this year’s marketing and sales summit is a great way to reinforce and gain new skills, whether for yourself, or as a way to reward and retain valued employees.

Early-bird registration is in effect through Nov. 2. For more information (brochure, agenda and registration), visit www.trsa.org/marketingsummit.

Posted September 6, 2018

Source: TRSA

DICK’S Sporting Goods Names Vidya Jwala New Chief eCommerce And Supply Chain Officer

PITTSBURGH — September 5, 2018 — DICK’S Sporting Goods today announced Vidya Jwala has been named chief ecommerce and supply chain officer. In this role, Jwala will be responsible for the company’s digital integration of eCommerce and Supply Chain efforts, and will report to Lauren Hobart, president, DICK’S Sporting Goods.

“As we continue to add new digital technology to our organization, Vidya will ensure that our ecommerce capabilities and supply chain serves as a key differentiator, enhancing our customer service efforts,” Hobart said. “His experience will be critical in our digital transformation, and we are thrilled to welcome him to the DICK’S family.”

Vidya joins DICK’S from Overstock.com, where he most recently served as Senior Vice President of Merchandising, Supply Chain, Technology & Customer Service, responsible for growing the organization’s business, the overall vendor-engagement program and private label brands. Previously, he was Vice President of Merchandising & Operations at Walmart Stores, Inc., where he held a variety of multi-channel roles in merchandising, supply chain, sourcing and operations in the US, Brazil, and Asia.

Throughout his career, Vidya also held a variety of senior leadership roles at other key retailers, including Tractor Supply Company and Lowe’s Home Improvement Inc. Early in his career, Vidya held various buying & merchandising roles at Worthington Industries and Jo-Ann Stores Inc. He holds a master’s of science in Industrial & Systems Engineering from Virginia Polytechnic Institute and State University.

Posted September 6, 2018

Source: DICK’S Sporting Goods

medi USA Introduces The New Ready-To-Wear circaid® juxtafit® Essentials Armsleeve

WHITSETT, N.C. — September 5, 2018 — Medical device manufacturer medi USA announced the launch of the new ready-to-wear circaid® juxtafit® essentials armsleeve. The juxtafit essentials armsleeve is an inelastic compression wrap for the management of lymphedema and lipedema.

Designed with patented juxtaposing band technology and made with a soft and breathable fabric, the juxtafit essentials armsleeve applies graduated compression from the wrist to the upper arm. The easy-to-use juxtaposing bands promote patient self-management and improve quality of life, enabling patients themselves to easily adjust their compression wrap throughout the day. The juxtafit essentials armsleeve also contains silver to prevent odor and the spreading of bacteria in the garment. circaid products are designed with a patented Built-In-Pressure System™ (BPS™) that enables multiple, measurable, targeted compression ranges in a single product.

“It is extremely valuable for patients with lymphedema to be as independent as possible in self-management of their condition, and to maintain their quality of life,” said Christopher Miles, senior manager of Clinical Services at medi USA, Occupational Therapist and Certified Lymphedema Therapist. “The circaid juxtafit essentials armsleeve is easy to use, low-profile to fit under clothes, and is lightweight and breathable so patients feel comfortable wearing it.”

The juxtafit essentials armsleeve is available in left and right variants, three lengths and six sizes for optimal comfort and efficacy. medi also offers custom versions of the circaid juxtafit essentials armsleeve, as well as ready-to-wear and custom options for hand compression.

The new ready-to-wear juxtafit essentials armsleeve joins a full range of compression products offered by medi in their circaid inelastic compression line. medi creates compression products that fit every patient for all stages of venous and lymphatic conditions.

Posted September 6, 2018

Source: medi USA

ExxonMobil Signs Framework Agreement for Proposed Chemical Complex in China

SPRING, Texas — September 5, 2018 — ExxonMobil said today that it has signed a cooperation framework agreement with the Guangdong Provincial People’s Government to advance discussions concerning the proposed construction of a chemical complex in the Huizhou Dayawan Petrochemical Industrial Park. The new facility would help meet expected demand growth for chemical products in China.

The multibillion-dollar project, which remains subject to a final investment decision, would include a 1.2 million-tons-per-year ethylene flexible feed steam cracker, two performance polyethylene lines and two differentiated performance polypropylene lines. ExxonMobil’s decision to proceed with the project will be based on a number of factors, including receipt of permits and project competitiveness. Startup is planned for 2023.

“Our agreement with the Guangdong Provincial Government demonstrates ExxonMobil’s interest in advancing this project from concept to completion,” said John Verity, president of the ExxonMobil Chemical Company. “We value the government’s support and its experience in moving such a large-scale project forward.”

The new complex would rely on advanced proprietary technologies in direct crude steam cracking and performance polymers manufacturing. It would support progress toward China’s national petrochemical development priorities, which include self-sufficiency, diversified feedstock sources, rebalancing fuels versus chemicals and advancing new competitive technology. The framework agreement also confirms Guangdong Province’s support in progressing the Huizhou LNG receiving terminal, in which ExxonMobil intends to participate, including supply of LNG.

The company is also evaluating other chemicals manufacturing projects in Asia to help meet expected demand growth in the region. ExxonMobil expects to grow chemicals manufacturing capacity in Asia Pacific and North America by about 40 percent. That growth will be achieved in part by adding 13 new facilities, including two world-class steam crackers in the United States that are part of the company’s Growing the Gulf initiative. These investments would enable the company to meet increasing demand in Asia and other growing markets.

The company recently commenced operations at its new 1.5 million ton-per-year ethane cracker at the company’s integrated Baytown chemical and refining complex in Texas. ExxonMobil and SABIC have also created a new joint venture to advance development of the Gulf Coast Growth Ventures project, a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas. The facility will also include a monoethylene glycol unit and two polyethylene units.

ExxonMobil’s downstream and chemical businesses both have a presence in China, and the company operates primarily through its Shanghai-based ExxonMobil (China) Investment Co. Ltd. affiliate. The company is also a joint venture partner with Sinopec, Fujian Province and Saudi Aramco in China’s first integrated refining and petrochemical facility to include international participation.

ExxonMobil is committed to social investment where it operates and supports programs that focus on the environment, health and education.

Posted September 6, 2018

Source: ExxonMobil

Signing Ceremony Of EPC Contract For Borouge’s PP5 In Ruwais To Increase Polypropylene Capacity By 25 Percent

ABU DHABI, UAE — September 5, 2018 — On September 5, 2018, Borouge signed, with Marie Tecnimont Group, the Engineering, Procurement and Construction (EPC) contract for its fifth polypropylene (PP5) plant in Ruwais, which will grow Borouge’s polypropylene capacity by 25 percent to 2.24 million tonnes per year (t/y) and unlock new opportunities to reinforce local industries.

With a nameplate capacity of 480,000 t/y, the new PP5 plant will be integrated with the existing Borouge 3 plant in Ruwais and will be expected to come on stream in Q3 2021. Enabled by Borealis’ proprietary Borstar® technology, Borouge’s PP5 plant will play an important role in helping ADNOC deliver against its downstream strategy announced in the recent Downstream Investment Forum, held in May 2018, with the aim to significantly expand its refining and petrochemical operations — through the creation of the world’s largest integrated refining and petrochemicals complex in Ruwais — undertake highly targeted overseas investments to secure greater market access, and increase ADNOC’s, and its subsidiaries’, range and volume of high-value downstream products.

Building the PP5 plant in Ruwais significantly contributes to achieving Borouge’s ambition of growing the polymers production capacity by 11% to reach 5 million tonnes per year which is effectively linked to the growth ambitions of both ADNOC and Borealis to grow polymers production capacity.

The PP5 plant will become the tenth Borstar® plant in Ruwais that contributes to ensuring global supply of creative polypropylene products based on the partnership between ADNOC and Borealis. The Ruwais-based plant will help Borouge expand its product portfolio and deliver leading solutions to its customers across the globe, especially in the packaging industry.

Posted September 6, 2018

Source: Borouge

Levi Strauss & Co. Announces Management Changes To Accelerate Direct-To-Consumer Growth, Consolidate End-To-End Accountability And Elevate Marketing

SAN FRANCISCO — September 6, 2018 — Levi Strauss & Co. (LS&Co.) today announced a series of leadership moves designed to streamline decision-making and consolidate accountability for core business growth drivers.

LS&Co. has taken action to:

  • Create a consolidated Product, Innovation & Supply Chain organization led by Liz O’Neill, who has been appointed executive vice president and president. This new organization combines the key product functions of design, merchandising, product development and planning into a single team; further integrates supply chain into the consumer journey; and enhances LS&Co.’s opportunity to fully leverage emerging innovations like Project F.L.X. technology. Formerly LS&Co.’s chief supply chain officer, O’Neill brings more than two decades of apparel experience to this newly created role. She will be responsible for the end-to-end view of the product lifecycle, from ideation to what ultimately shows up in stores and online.
  • Establish a new Direct-to-Consumer organization led by Marc Rosen, executive vice president and president. Rosen, who previously led LS&Co.’s ecommerce business, will now be responsible for delivering a seamless consumer experience across both brick-and-mortar and ecommerce. Marc is a veteran retailer who was one of Walmart’s most respected business leaders for nearly 15 years. Consumers expect brands to connect with them wherever and whenever they choose to shop. The expansion of LS&Co.’s retail network along with the emergence of digital have increasingly given the company a direct relationship with consumers — one that did not exist when LS&Co. was exclusively a wholesaler. With the consolidation of LS&Co.’s brick-and-mortar and ecommerce organizations, Carrie Ask, executive vice president and president, global retail, is leaving LS&Co. to pursue another role. “Carrie made an indelible impact on LS&Co., accelerating profitable growth through a deep understanding of consumer wants and needs and instilling the rigor of a disciplined retailer. She is an exceptional talent who will continue to shape the future of retail,” Bergh said.
  • Promote Jen Sey, senior vice president and LS&Co.’s Chief Marketing Officer, to report to Bergh. Sey, a 19-year veteran of LS&Co. and most recently chief marketing officer for the Levi’s® brand, has spearheaded the Levi’s® brand’s resurgence. Marketing has fueled this growth, and LS&Co. continues to increase investment in this important driver. Sey’s organization now includes research and marketplace insights.
  • Establish a new Strategy and Analytics organization, elevating the importance of data and analytics and pairing it with strategy to shape the future. This addition reflects the company’s belief that it has an untapped competitive advantage in unleashing the power of data and analytics. The company is currently recruiting for an executive to lead this organization. He/she will report to Bergh.

“With these shifts, we are creating a ‘designed-for-the-future’ organization – one that is poised to take advantage of innovation and reflect how consumers shop,” Bergh said. “Levi Strauss & Co. has never been stronger, and we expect these actions to accelerate our momentum and position us to win for the long term.”

As LS&Co. moves to implement these changes, James “JC” Curleigh, president, global brands, announced his plans to leave the company to pursue new opportunities. Over the past six years, Curleigh and his team have returned the Levi’s® brand to profitable growth through a strategic focus on building brand energy, driving product innovation and establishing market solutions around the world.

“JC joined LS&Co. with a mission to re-establish Levi’s® as a leading lifestyle brand. Today, our brands are more relevant and we are more connected to popular culture than we’ve been in decades,” Bergh said. “His leadership has been critical to driving our current success, and his unique brand of leadership will no doubt continue to inspire and drive results. I want to thank him for all that he has done for the company. We will miss him.”

Posted September 6, 2018

Source: Levi Strauss & Co.

Naked Brand Group Limited Enters Into Non-Binding Letter Of Intent To Acquire A Leading U.S. Online Women’s Retailer

SYDNEY — September 6, 2018 — Naked Brand Group Ltd. has entered into a non-binding letter of intent to acquire a leading U.S. online retailer of women’s apparel. The purchase price under the transaction is expected to be $42.5 million, which would include cash, stock and assumption of approximately $6.1 million of the retailer’s debt.

Combined with Naked’s existing Frederick’s of Hollywood e-Commerce license revenue, which has grown 36 percent in the last 12 months, a successful closing of this acquisition is expected to take Naked’s projected e-Commerce revenues in excess of $70 million for FY2019. Including integration synergies, management expects the combined e-Commerce business to generate a projected EBITDA contribution of $11.3 million and projected net income of $5.3 million for FY2019. Projections for revenue are based on an assumption of approximately 26 percent year-over-year revenue growth for Frederick’s of Hollywood and minimal growth assumed for the retailer’s business.

The prospective acquisition represents an integral component of Naked’s major focus on expanding the Company’s direct to consumer product and brand mix. If the transaction is consummated, e-Commerce would represent approximately 43 percent of projected group revenues, with overall direct to consumer channels (including owned retail and outlet stores) reaching 70% of projected revenue contribution, for FY2019.

The intimate apparel industry in the United States is expected to grow to $250 billion by 2022.

“We are continuing to make strides in our digital and e-Commerce focused strategy that we believe will accelerate our growth trajectory and drive meaningful EBITDA contribution in FY2019,” said Justin Davis-Rice, CEO, Naked Brand Group. “The acquisition would augment our proprietary digital operating platform to create ongoing synergies that we believe will produce over $70 million in e-Commerce revenues in the United States for FY2019 and will be accretive to Naked shareholders over the long term,” concluded Davis-Rice.

The letter of intent is non-binding and the Company has not entered into a definitive agreement for the proposed transaction. Accordingly, there can be no assurance that the transaction will occur. The proposed transaction is subject to negotiating the terms of, and executing, a definitive agreement relating to the proposed transaction and obtaining and satisfying all other necessary closing conditions.  Furthermore, the terms of the transaction are still subject to discussion and may be changed as a result of any material positive or adverse change to the business of either party. Accordingly, there can be no assurance that a transaction will be entered into or that the proposed transaction will be consummated on the terms described in this press release or at all.

Posted September 6, 2018

Source: Naked Brand Group

JCPenney Introduces Affordable, Boho Styles For Women With Launch Of Artesia™

PLANO, Texas — September 6, 2018 — As JCPenney focuses on driving its women’s apparel business, the retailer is launching Artesia, a new boho style brand for women. Arriving just in time for the fall fashion season, Artesia offers an effortlessly chic collection of relaxed silhouettes, flowy fabrics and peasant-style tops and dresses that bring a modern twist to the vintage, bohemian trend. Available exclusively at JCPenney, the brand will launch in nearly 400 stores and at JCPenney.com beginning Sept. 7.

“We strategically chose to bring Artesia into our women’s assortment to fill a void on our floor. The carefree, eclectic aesthetic of the boho trend appeals to many women and the fit is flattering on countless different shapes and sizes,” said Jodie Johnson, senior vice president and head of merchandising for JCPenney. “With the introduction of Artesia, our customer can embrace the bohemian trend without spending a fortune, reinforcing our commitment to bring her elevated, on-trend looks at an incredible value.”

The debut collection of Artesia features an updated, free-spirited look, with items including crochet cardigans and dusters, peasant blouses and tiered flounce tops combined with beautiful details such as flutter sleeves, lace, tassels and fringe. Women will gravitate to the earthy tones and rich paisley prints of the brand, with each piece available on sale for less than $30. Located on the women’s floor next to the retailer’s a.n.a® denim shop, Artesia is designed to pair with denim pieces from the Company’s popular casual women’s brand.

Artesia will be showcased in the JCPenney women’s fall fashion mailer this month and promoted via the Company’s email, social and digital marketing channels. Customers can look forward to shopping new, whimsical styles from Artesia each month.

Posted September 6, 2018

Source: J. C. Penney Company, Inc.

ITMA Asia + CITME 2018 Exhibitor Preview: Graf + Cie AG

RAPPERSWIL, Switzerland — August, 2018 — Graf will present its wide portfolio of solutions at ITMA ASIA + CITME 2018. The exhibition is held in Shanghai from October 15-19, 2018, at the National Exhibition and Convention Centre. Graf + Cie AG welcomes the interested visitors in hall 1, booth D01.

The company Graf, located in Rapperswil (Switzerland), is a leading supplier of clothings for flat cards, roller cards and combs for combing machines. As a complete system provider, Graf offers a comprehensive package from the product and technical advice through to service and service equipment. This full range of products and services is designed to deliver maximum value to customers. Graf also supports its customers by developing custom-made solutions for all their application needs.

Graf’s new products and product systems always have one goal: to strengthen the customers’ position in their markets. Graf + Cie AG will show its wide portfolio of solutions for the spinning and fiber preparation process.

Ri-Q-Comb flex, the innovative circular comb series with adjustable height for up to 20% lower imperfections.

The new top combs FIXPRO C35 and C40 will be presented for the first time at an international trade fair. With 35 or 40 teeth respectively, nep values can be improved by up to 30%.

The EasyTop System of flat clothings stands for optimal settings of the carding gap and reduces the loss in good fiber. In addition, the handling of flat clothing replacement is much easier and can be done without special equipment.

The reputable product line of flexible flat clothings, well-known by the brand names resist-O-top or InLine-X-Top, stand for better quality in combination with higher lifetime compared to competitor-products in the short to medium staple range.

Besides the applications on display, Graf provides a wide range of solutions in the carding-, combing- and nonwoven-processes.

Posted September 6, 2018

Source: Graf + Cie AG

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