My Size’s MySizeID™ Smart Body Measurement SDK Is Now Available For iOS Devices

AIRPORT CITY, Israel — October 30, 2018 — My Size, Inc., the developer and creator of smartphone measurement applications, announced today that its MySizeID™ smart body measurement software development kit (SDK), which management believes provides accurate measurement capabilities, is now available for integration with any iOS application. The Company has also announced an increase in compression by 30 percent, allowing for faster sizing recommendations.

MySizeID SDK, the core technology behind the Company’s MySizeID smart body measurement application, can be embedded into any company’s existing or white label mobile app and begin taking accurate body measurements within minutes. Using the MySizeID SDK, a retailer can empower its customers to build a fit profile of their personal body measurements that will produce size recommendations in-app for appropriate fitting apparel.

The Company’s proprietary and patent-pending algorithms utilize a smartphone’s sensors, combined with anthropometric data, to accurately calculate an individual’s body measurements through a few simple movements of a mobile device. Along with retail and apparel, the MySizeID SDK has further applications within the insurance and consumer healthcare industries that the Company is currently pursuing.

“We are pleased to make MySizeID SDK available for integration on iOS devices and to empower online retailers to provide their customers with a more personalized shopping experience. MySizeID can be easily integrated within a retailer’s iOS app, providing a powerful smart measurement solution that decreases size-based returns and increases customer loyalty,” said My Size CEO, Ronen Luzon. “By making the MySizeID SDK publicly available on iOS, we are able to expand the use of our technology within fashion and retail on a global scale, putting the technology directly into the hands of the millions of online retailers selling apparel across the world.”

MySizeID SDK enables retailers to upload their sizing charts to the cloud, where they are compared against user measurements to recommend sizing for specific apparel items. The MySizeID SDK integrates seamlessly in to any iOS app to provide powerful measurement solutions without losing the look and feel of the retailer’s original storefront technology. The MySizeID™ SDK will soon be available for Android devices as well.

Smartphones have become an integral tool within online retail, as 62 percent of smartphone users globally have made an online purchase using a mobile device within the last six months. Mobile phones play an especially important role in online retail user experience, as 40 percent of users will turn to a competitor after a poor mobile shopping experience. The availability of My Size Body for iOS will make MySizeID™ available to more than 700 million iPhone users worldwide.

Posted October 31, 2018

Source: My Size Inc.

Kraig Biocraft Laboratories Selects New High Performance Recombinant Spider Silk For Delivery To US ARMY

ANN ARBOR, Mich. — October 30, 2018 — Kraig Biocraft Laboratories Inc., a developer of spider silk based fibers, announces today that, working under its contract with the U.S. Army, it developed a strain of genetically engineered silkworms that better match the physical properties required for applications in protective textiles.

Tentatively called Dragon Silk 2.0, this new strain is the next evolution in the development of protective fibers, built upon the company’s existing Dragon Silk, and is a further example of the company’s ability to adapt and tailor the properties of its recombinant spider silk materials to meet end market performance requirements. Through the use of its fiber performance testing capabilities, paired with a select breeding program, the company created a strain that is stronger, yet less elastic, than the original Dragon Silk.

Specifically created in response to input from the Army, based on requirements for antiballistic applications, this new strain of recombinant spider silk silkworms is the second phase of the company’s development agreement with the Army. Kraig Labs delivered shootpack panels to the Army, earlier this summer, made of its original Dragon Silk material and those panels are awaiting testing.

“When the Army chose to award the second phase of this project we knew that we were given a great opportunity to prove the power of our technology and our approach using silkworms,” said COO, Jon Rice. “Today we’re thrilled to announce that our work was a success and that we now have a line of silkworms that produce a recombinant spider silk better matched for the demands of protective textile applications. We expect this new strain will play a critical role in our expansion and commercialization of spider silk far beyond the market for bullet proof vests.”

Over the next several months Kraig Labs plans to scale up the production of this new recombinant spider silk fiber at the company’s domestic facility, in order to fulfill the second phase deliverables to the Army.

Posted October 30, 2018

Source: Kraig Biocraft Laboratories Inc.

Velox Composites Announces Strategic Distribution Partnership With Ashland For Sweden, Norway And Denmark

HAMBURG, Germany — October 30, 2018 — VELOX, an IMCD company, today announced that it has entered into a strategic distribution partnership with Ashland for Sweden, Norway and Denmark, effective from December 12, 2018.

The agreement includes Ashland’s complete product range of unsaturated polyester resins, gelcoat and bonding pastes, epoxy vinylesters, fire retardant resins, speciality resins and low profile additives.

“We are delighted to expand our partnership with Ashland into the Nordics region. This addition, enhances our efforts to continue to delivery on our strategy and create value for our customers within this region,” commented Serge Gradys, Business Unit Manager Composites.

All customers concerned with this change have been informed by VELOX and will receive continuous support.

Posted October 30, 2018

Source: Velox

Brian Moore Appointed CEO Of Prym Fashion Worldwide

STOLBERG, Germany — October 30, 2018 — The Prym Group today announced the appointment of Brian Moore as CEO of Prym Fashion Worldwide, effective immediately. Moore will also serve as the managing director of Prym Fashion Asia and Americas, and will be based in the company’s offices in Hong Kong.

In his role, Moore will help grow U.S. market penetration, expand Prym Fashion’s geographic footprint and will lead the development of new fastener solutions. Prym Fashion is the leading solution provider for fashionable fastening systems and accessories for the apparel and textile industry. The company’s products can be found in activewear, jeans, men’s and women’s wear, work apparel, baby and kids clothing, technical textiles and luxury leather items.

“Brian’s extensive background in textiles and apparel will be a strong asset as Prym Fashion develops and introduces new, innovative fastener solutions that address consumer trends and preferences,” said Dr. Ansgar Nonn, chief executive officer of Prym Group. “His knowledge and experience in the U.S. and Asian markets will help further develop our relationships with apparel brands and manufacturers throughout the global supply chain, and we look forward to his leadership and contributions.”

Moore has more than 25 years of sales and marketing experience with Unifi Inc. and Scovill Fasteners, and has spent the past seventeen years leading global businesses while being based in Hong Kong. Moore holds a master’s degree in textile and apparel marketing from Philadelphia University.

“The opportunity to join a company with such a rich history of success is very compelling to me, and I look forward to introducing new products and fastener solutions to the U.S. market,” said Moore. “At Prym, the focus is on the entire value chain of our customers, and I have great respect for their longstanding commitment to quality, innovation and service.”

Posted October 30, 2018

Source: Prym Fashion

Porcher Industries’ Subsidiary BGF Industries Invests $7 Million In New U.S. Headquarters and R&D Facility Creating 65 New Positions In Virginia

BADINERES, France — October 31, 2018 — Porcher Industries’ subsidiary BGF Industries Inc. has announced its planned investment of $7 million to relocate its headquarters and research & development activities from Greensboro, N.C., to the City of Danville and Pittsylvania County, Va. In early 2019, the company will construct a 2,320 square meter purpose-built facility at Cyber Park, owned by the Danville-Pittsylvania County Regional Industrial Facility Authority. The move will create 65 new positions.

Porcher Industries has transformed from a regionally-organized group to a truly global company that meets the needs of the global market place in which it operates. The investment in brand new US headquarters and an advanced technology center is a key component of this global growth, that will allow improved support and service to the company’s customers in this part of the world. The move follows BGF Industries’ acquisition of a 13,375 square meter manufacturing plant in Virginia last year, and reinforces Porcher Industries’ commitment to the U.S. market.

ʺEverything Porcher Industries does is aimed at continuing to offer our customers the most innovative products, and a high level of support and service” comments Porcher Industries CEO and Chairman André Genton. ʺA large part of this is our ongoing research and development, into which we invest over $9 million a year as a group. The brand new, purpose-built facility in Virginia will work collaboratively with our France-based R&D Centre to build on the 200 patents we already hold, and support our global customers and projects.”

BGF Industries Inc., operating as Burlington Glass Fabrics, was one of the first US-based weavers of fiberglass textiles in 1941, and became a subsidiary of the Porcher Industries Group in 1988. Its innovative technical textiles and advanced composite materials are now used in aerospace, construction, automotive, electrical, filtration, insulation and protection applications around the world.

BGF Industries currently employs over 750 people across six sites.

Posted October 30, 2018

Source: Porcher Industries

TRSA Elects Buik Chair And Richardson Vice Chair

ALEXANDRIA, Va. — October 29, 2018 — TRSA recently held its Annual Membership Meeting for the nomination, election and swearing-in of new Officers and Directors.

Jim Buik, president of the Roscoe Co. in Chicago is TRSA’s new chairman. Buik served as vice chairman of TRSA in 2017-2018. The Roscoe Co. is Chicago’s leading independent uniform service company.

Jim has been active in linen, uniform and facility services associations. He’s a graduate of TRSA’s Executive Management Institute (EMI). He served on various committees, task forces and boards and was chairman of UTSA, which blended with TRSA, from 2003 to 2005. He has been a pioneer of industry technologies and best practices. Through association programs he has shared Roscoe’s experience in developing these innovations, including marketing automation, wastewater treatment and employee skill certification.

Additional officers and directors sworn in at the meeting:

  • Noel Richardson, Officer-Vice Chair, Shasta Linen Supply, Sacramento, Calif.;
  • Jim Kearns, Officer-Treasurer, Alsco Inc., Salt Lake City;
  • Bob Dudley, Director, APPEARA, Norfolk, Neb.;
  • Scott Finkelstein, Director, Ace Uniform Services Inc., Baltimore; and
  • Dan Sanchez, Director, Medline Industries Inc., Mundelein, Ill.

In addition, Directors Randy Bartsch, Ecotex Healthcare Linen Service and P.J. Dempsey, Dempsey Uniform & Linen Supply were re-elected for second terms and will be officers serving on the TRSA Executive Committee.

Posted October 30, 2018

Source: TRSA

JCPenney Announces Michael Fung As Interim CFO Transition

PLANO, Texas — October 29, 2018 — J.C. Penney Co. Inc. today announced that Michael Fung is temporarily joining the company as interim CFO effective October 30, succeeding Jerry Murray who will resume his responsibilities as senior vice president of finance. Fung is an accomplished executive with over 40 years of broad finance experience, including corporate finance, strategy, financial planning and analysis, across multiple consumer and retail organizations. He recently served as interim CFO for Neiman Marcus Group and 99 Cents Only Stores following his retirement from Walmart Stores.

“We welcome Michael’s CFO experience and guidance as we continue our search for a permanent Chief Financial Officer. As I continue to assess the opportunities surrounding the company’s business, his appointment helps JCPenney benefit from the expertise of a seasoned retail CFO who has supported other retailers during a pivotal time in their evolution and helped deliver meaningful progress. His knowledge and contributions will be a valuable addition to our senior leadership team as we work together to develop solutions and drive decisions that are in the best interest of our customers and shareholders,” said Jill Soltau, CEO of JCPenney. “Additionally, I want to thank Jerry for his dedication and support over the past several weeks. His servant leadership enabled a seamless transition following the departure of the Company’s former CFO.”

Fung brings more than 23 years of experience in value-oriented retail and finance operations, having served for more than a decade in senior financial roles at Walmart Stores, including most recently as senior vice president and CFO of Walmart Stores U.S. from 2006 to 2012. Prior to Walmart, he served in the top finance positions at several large corporations, including vice president and CFO for Sensient Technologies Corp., senior vice president and CFO for Vanstar Corp., and vice president and CFO for Bass Pro Shops Inc.

Fung received a Master of Business Administration from the University of Chicago’s Booth School of Business and a Bachelor of Science in accounting from the University of Illinois at Chicago.

Posted October 29, 2018

Source: J. C. Penney Co.

Hibbett Sports To Acquire City Gear

BIRMINGHAM, Ala. — October 29, 2018 — Hibbett Sports Inc., an athletic specialty retailer, today announced that it has signed a definitive agreement to acquire privately held City Gear, a city specialty retailer of premium athletic footwear, apparel and accessories with 135 stores in 15 states. Terms of the transaction include consideration of $88 million in cash to be paid at closing and the potential for up to $25 million in additional consideration paid over the next two years, subject to certain performance-based targets. City Gear will operate as a subsidiary of Hibbett Sporting Goods Inc., from City Gear’s current headquarters in Memphis, Tenn., and will continue to be led by members of City Gear’s senior management team. One-time transaction costs are expected to be dilutive to earnings per diluted share by approximately $0.04 to $0.05 in the third quarter ended November 3, 2018, and by approximately $0.08 to $0.10 per diluted share in the fourth quarter ended February 2, 2019. Excluding one-time transaction costs, the acquisition is expected to be slightly accretive in the fourth quarter. For fiscal year 2020, the transaction is expected to be accretive including the impact of related one-time expenses.

City Gear, known for superior customer service and a compelling merchandise assortment, focuses on fashion-forward customers with lifestyles drawn to and driven by the “sneaker culture.” For the last fiscal year ended February 4, 2018, City Gear reported total revenue of approximately $190 million. For the past three years, same-store sales have averaged in the mid-single digit range. Geographic overlap with Hibbett’s stores is not significant, and significant opportunity exists for future store growth.

Mike Longo, CFO of City Gear, stated, “City Gear is excited to join the Hibbett team and contribute to the winning tradition they have established over the years. We believe that Hibbett provides City Gear the ideal platform to expand upon our successes in serving our loyal customers and are excited to continue to grow leveraging Hibbett’s capabilities.”

Also commenting on the announcement, Jeff Rosenthal, president and CEO, stated, “We are pleased and excited to announce this acquisition, which provides substantially greater scale in the athletic specialty market and is an extension of our strategy to provide high demand, branded products to underserved markets. City Gear represents a key brand with the fashion-forward consumer and will allow us to extend our customer base and provide a significant opportunity for growth. In addition, Hibbett will provide City Gear the needed infrastructure for future growth, including strong internal systems, omni-channel capabilities, and real estate expertise.” Rosenthal noted that both companies share strong, attractive brands that resonate with customers such as Nike, Jordan, Adidas, Puma, Converse, Fila, and others.

Hibbett expects to complete the transaction by early December 2018, subject to customary closing conditions. The company will finance the initial purchase through available cash along with funds from its credit facilities. At August 4, 2018, the company ended the second quarter of Fiscal 2019 with $119.6 million of available cash and cash equivalents on its consolidated balance sheet and no bank debt outstanding.

PJ SOLOMON served as financial advisor to Hibbett on this transaction, while Bass Berry & Sims provided legal advice. Fifth Third Capital Markets provided financial advice to City Gear on this transaction, while Wyatt, Tarrant, & Combs provided legal advice.

Posted October 29, 2018

Source: Hibbett Sports Inc.

Guess? Inc. Appoints Two New Members To Its Board Of Directors

LOS ANGELES — October 29, 2018 — Guess? Inc. today announced the appointment of two new independent directors to its Board. Laurie Ann Goldman, former CEO of Spanx Inc., and Deborah Weinswig, founder and CEO of Coresight Research, each joined the Guess? Inc. Board effective October 23, 2018. The company also reported that Kay Isaacson-Leibowitz has retired as a member of its Board of Directors effective October 23, 2018, in order to focus more of her time on her charitable foundation work. These actions bring the total number of Guess? Inc. board members to nine and the total number of independent directors to six.

Both Laurie Ann Goldman and Deborah Weinswig will serve on the Nominating and Governance Committee of the Board, with Ms. Goldman also serving as Chairperson of that Committee.

Goldman, age 55, has been a private investor and advisor since 2014. From 2002 to 2014, she served as CEO of Spanx Inc., a women’s undergarment and apparel company. Prior to Spanx, Goldman held a number of marketing and operational roles at The Coca-Cola Co. over a 10-year period, including serving as director of Worldwide Licensing. Goldman currently serves on the board of directors for ServiceMaster Global Holdings Inc. and Joe & The Juice, on the board of managers for New Avon LLC and on the board for a number of philanthropic organizations.

Weinswig, age 48, is founder and CEO of Coresight Research, a provider of research and advisory services to brands and investors, where she has served since February 2018. From 2014 until February 2018, she served as managing director of Fung Global Retail and Technology, the think tank for the Fung Group. Prior to leading FGRT, Weinswig served as chief customer officer for Profitect Inc., a predictive analytics and big data software provider, and in a number of roles with Citigroup Inc., most recently as managing director and head of the Global Staples & Consumer Discretionary team at Citi Research. She currently serves on the board of directors for Xcel Brands Inc. and Kiabi, on the advisory board for a number of accelerators and on the board for a number of philanthropic organizations. Weinswig is a Certified Public Accountant and holds an MBA from the University of Chicago.

Posted October 29, 2018

Source: Guess? Inc.

Knight Commission Urges Financial Transparency Of Shoe And Apparel Income And Certified Training For Coaches

WASHINGTON — October 29, 2018 — In the wake of last week’s felony convictions for pay-to-play college basketball schemes, the Knight Commission on Intercollegiate Athletics today pressed the NCAA to establish more demanding standards for oversight, including public transparency of shoe and apparel income, and professional preparation and certification of college basketball coaches.

Today’s meeting was the latest in a series of public meetings the Commission has held to examine serious challenges facing college sports, including concerns of a corrupt recruiting environment in men’s basketball. Those concerns are at the center of the FBI investigation that led to last week’s convictions of former Adidas employees who provided money to families of high school basketball stars to steer the players to Adidas-sponsored Division I college teams.

USA Basketball, the National Federation of State High School Associations, and NCAA Division II leaders provided a possible roadmap at this morning’s meeting for Division I schools on how to prepare and certify coaches. In light of ongoing scandals and serious health dangers in college sports, the Commission stressed that coaching is a profession and should be treated as one.

Dan Schuster, director of educational services at the National Federation of State High School Associations, said that his group’s message to coaches is: “You are a teacher first, and a coach second.”

The Knight Commission reiterated its call today for the NCAA to develop minimal professional standards that coaches should be required to meet to ensure they are prepared to protect student-athletes’ health and safety, and are prepared for their role as educators.

Tom Cantrell, head baseball coach at the University of North Georgia, said “99.9 percent of my players don’t go on to the pros,” and that “the development of the person” should be a coach’s most important goal.

“If we fail at that, then we fail at everything,” he said.

The Knight Commission strongly supports significant NCAA reforms made in response to the basketball scandal. However, the Commission is also seeking additional far-reaching reforms necessary to better align college athletics with its educational mission.

The NCAA adopted a Commission recommendation to reinstate annual, internal reporting of all athletically-related income received by athletics personnel from outside sources to their school. Yet that requirement addresses only internal reporting, not public disclosure requirements. The Commission believes the reporting requirements for outside income from external sources, especially income from shoe and apparel companies, must be expanded to provide true transparency. The Commission urges action on its prior recommendations for reporting of outside income to the NCAA and the public.

The Commission also expressed its continuing strong support for the NCAA Board of Governors’ proposal to add independent directors, noting that they would bring fresh perspectives not only to major governance questions, but to practical issues addressed today, such as national Division I certification for coaches. The Commission urged the NCAA to select directors with a wide diversity of backgrounds and experiences, as well as sensitivity to issues important to all three NCAA subdivisions.

Several recent NCAA reforms were originally introduced by or closely align with previous Knight Commission recommendations. In addition to the new policy on internal reporting of outside income and a proposal to add independent directors, the reforms include providing financial assistance for degree completion for former Division I basketball players.

Commission member David Robinson, a former college and NBA basketball star, said that professional standards for NCAA Division I men’s basketball coaches were “alarmingly low.”

“Coaches are often more important than any professor for a college athlete, and we were encouraged by what we heard today from USA Basketball, high school leaders, and Division II about the steps they take to train coaches,” said Commission co-chair Arne Duncan, former U.S. Secretary of Education. “Yet the truth is that Division I, which has far more financial resources, is far too lax about certification and licensing requirements for coaches. Division I leadership has to show the same level of commitment to coaching development.”

At today’s meeting, USA Basketball officials discussed how they require their national team coaches to receive certified education in athlete health and safety, including guidance aimed at preventing emotional and physical abuse by coaches.

Jay Demings, youth division director of USA Basketball, said the view “if you throw a whistle around your neck, all of a sudden you’re a coach,” is badly outdated.

At NCAA-certified basketball events for recruiting, youth basketball team coaches are required to have USA Basketball coaching licenses, which require a background check and completion of three online courses, including a “SafeSport” course. By contrast, the NCAA does not require Division I coaches to have a coaching license, undergo a background check, or complete similar training. More than 26,000 youth basketball coaches were certified through the USA Basketball program last year.

While the Knight Commission recognizes that some coaches associations, colleges, and conferences provide high-quality professional development programs for coaches, it believes the NCAA must develop basic standards that every Division I coach must be certified as meeting to work at the Division I level.

“Division I should follow Division II’s lead in this area,” said Knight Commission co-chair Carol Cartwright, president emeritus at Kent State University and Bowling Green State University. “The world of college sports is often overwhelmed by headlines on the pay-to-play scandal and other controversies. But it’s important to set a foundation for getting the values right for programs—and establishing a better culture for training coaches is the right place to start to benefit all student-athletes.”

The Commission also heard presentations from the Association of Governing Boards of Universities and Colleges and NCAA leaders on efforts to improve oversight for athletics at the board and presidential levels. The Commission recommended that every Division I Board and President review university-reported data on the NCAA’s Institutional Performance Program. The Commission heard a presentation on this important but underutilized NCAA database, which helps schools to assess their athletics departments performance in key areas like academics, gender equity, and diversity.

At its meeting today, the Commission formally endorsed the AGB’s new statement on Governing Boards’ Responsibilities for Intercollegiate Athletics.

Knight Foundation CEO Alberto Ibargüen and Knight Commission Co-Chairs Cartwright and Duncan recently announced five new Knight Commission members – Eric J. Barron, Pamela J. Bernard, Michael M. Crow, Jacques McClendon, and Jill Pilgrim. The Commission thanked members who completed their terms of service: Jack DeGioia, a member since October 2006, and Myron Rolle, a member since September 2014.

Posted October 29, 2018

Source: Knight Commission on Intercollegiate Athletics

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