Overstock.com Urges Congressional Action Following U.S. Supreme Court Ruling

SALT LAKE CITY — June 21, 2018 — Overstock.com Inc. is prepared to comply with today’s Supreme Court ruling in South Dakota v. Wayfair Inc., which overturned long-standing United States Supreme Court precedent, in Quill Corp v. North Dakota. At the same time, the company calls on Congress to intervene and legislate a fair solution in the wake of today’s ruling to lessen possible impacts on innovative internet startups.

“Though the impact of the Court’s ruling today will be clarified by further proceedings in the lower court, we are prepared to comply with any outcome, and the decision will have no appreciable impact on our business,” said Overstock.com executive and board member Jonathan Johnson.

The 5-4 ruling altered the 26-year Quill precedent, which established that a retailer had to have a physical presence in a state, before it could be compelled to collect sales taxes on behalf of that state. Physical presence will no longer be the standard, though there are still guidelines for states to consider, as given by the Supreme Court.

“Today the U.S. Supreme Court has re-shaped the interstate commerce landscape in a move that could impact small business innovation on the internet, which has been a driving force behind our nation’s economy for the last 15 years,” said Johnson. “The framers of the Constitution intended Congress to regulate interstate commerce by thoughtful legislation. To lessen the potential impact of today’s ruling on internet innovation, Congress can, and should, pass sound legislation allowing states to accomplish their aims while still permitting small internet business to thrive.”

The company noted that there are more than 12,000 different state and local taxing districts, which presents internet start-ups with a compliance challenge.

Johnson continued, “Unless Congress responds, the Court’s ruling may remove key entrepreneurial opportunities before they even get out of the heads of the inventors.”

Posted June 25, 2018

Source: Overstock.com Inc.

Kornit Digital to Present at the CJS Securities 18th Annual “New Ideas” Summer Conference

ROSH-HA`AYIN, Israel — June 25, 2018 — Kornit Digital Ltd., a company that develops, designs and markets innovative digital printing solutions for the global printed textile industry, today announced that Guy Avidan, the company’s CFO will present at the CJS Securities 18th Annual “New Ideas” Summer Conference on Tuesday, July 10, 2018, at 10:10 am ET. Avidan will be available for one-on-one meetings on this day. To schedule a one-on-one meeting please contact your CJS Securities sales representative.

Posted June 25, 2018

Source: Kornit Digital Ltd.

WWDMAGIC Announces Strategic Partnership With FashionGo

SANTA MONICA, Calif. — June 21, 2018 — WWDMAGIC, a subsidiary of UBM Fashion Group and the largest showcase of women’s apparel and accessories in the fashion industry, today announced a strategic partnership with online business-to-business fashion marketplace, NHN Global Inc., doing business as FashionGo. This alliance between two industry leaders, with its massive shared base of buyers and vendors, will bring about innovation and strategic influence to the dynamic wholesale industry.

WWDMAGIC has been the pinnacle destination for the trendiest women’s and juniors’ brands, offering the largest selection of apparel and accessories in the industry. FashionGo is the number one online B2B marketplace providing one of the fastest growing global e-commerce platforms offering buyers 24/7 access to its vast collection of wholesale fashion, allowing them to shop the latest trends at the best prices. This pairing of two leaders in their respective industries will bring about the best of both worlds — the sought-after face-to-face engagement and relationship building of the tradeshow experience and the speed and ease of doing business online.

“The fashion business is changing and we believe that together, WWDMAGIC and FashionGo as a whole is greater than the sum of its parts,” said Kelly Helfman, Vice President of WWDMAGIC. “Both WWDMAGIC and FashionGo are powerhouses in their own right; together we’ll be able to fully support the needs of our industry by playing off each other’s strengths. This partnership will give brands and buyers an enhanced experience that merges both Digital and B2B events.”

To kickoff this partnership, FashionGo will introduce “Kelly’s MAGIC Monday” on their site starting June 25. Here, Helfman will highlight trends, offer industry insights and profile the people behind beloved brands and stores. In addition to offering expertise to FashionGo’s active base of buyers, buyers will have immediate access to products highlighted — prioritizing the “see now, buy now” mentality. The addition of Kelly’s MAGIC Monday to the FashionGo site offers the online buying industry a human touch that is the hallmark of the traditional tradeshow experience. In addition to Kelly’s MAGIC Monday, FashionGo CEO, Daniel Lee, will attend MAGIC’s August showcase and host a seminar for attending buyers.

FashionGo will also host an onsite cocktail event for brands and buyers to network on the show floor. And, in an effort to keep the tradeshows more environmentally friendly and hydrated, FashionGo will create water stations throughout the show floor with refillable water bottle for brands and buyers!

“The partnership between WWDMAGIC and FashionGo allows each respective company to address the needs of their offline and online audiences,” said Daniel Lee, CEO of FashionGo.  “A large part of the fashion business has shifted online but brands and buyers are increasingly feeling the need for an experience offline. This partnership will bring an omnichannel experience that has not yet been done in the fashion industry.”

WWDMAGIC will take place in Las Vegas at the Las Vegas Convention Center August 13-15, 2018.

Posted June 25, 2018

Source: UBM Fashion

Delta Apparel Subsidiary DTG2Go Adds New Digital Print Location

GREENVILLE, S.C. — June 22, 2018 — Delta Apparel Inc. — a provider of basic and branded apparel, headwear and related accessories — today announced that DTG2Go LLC, its digital print subsidiary and provider of on-demand, direct-to-garment printed apparel, has opened its fourth manufacturing and fulfillment location. The new facility is located on the Fayetteville, N.C., campus of Delta Apparel’s Soffe subsidiary and further extends DTG2Go’s reach and service levels in the important northeastern United States market.

DTG2Go’s expanded national footprint, which includes the new North Carolina location as well as existing operations in Miami and Clearwater, Fla., and Reno, Nev/, facilitates 1 to 2-day shipping capability to consumers across the United States. DTG2Go also ships internationally to over 100 countries worldwide. The new location also enhances DTG2Go’s manufacturing capacity and capabilities through significant investments in state-of-the-art equipment. In addition, its integration with Soffe’s world-class screenprint and retail packaging operations gives DTG2Go market-differentiating flexibility in its print and fulfillment offerings to customers.

Deborah Merrill, President of Delta Basics, commented: “We continue to be excited about the digital print and fulfillment model and the new North Carolina facility further solidifies our leadership position in this high-growth market. Commingling the new operations with our Soffe business gives us the ability to offer customers blended virtual inventory solutions that utilize DTG2Go’s on-demand, digital print expertise as well as Soffe’s large-scale screenprint platform. We look for continued high-growth opportunities with DTG2Go as we move forward.”

Posted June 25, 2018

Source: Delta Apparel Inc.

Lenzing Leads Sustainability Dialogue In The Nonwoven Industry With Its New VEOCEL™ Brand

LENZING, Austria — June 11, 2018 — The Lenzing Group has introduced VEOCEL™, the company’s new nonwoven specialty brand. Positioned as a premium brand of nonwoven fibers for daily care rituals, Veocel provides the nonwoven industry with fibers that are certified clean and safe, biodegradable, from botanic origin and produced in an environmentally responsible production process. Offerings under the Veocel brand cover a broad range of applications for everyday use, from baby care, beauty and body care to intimate care and surface cleaning. Such applications are categorized under branded offers Veocel Beauty, Veocel Body, Veocel Intimate and Veocel Surface

The introduction of Veocel is a key milestone of Lenzing’s new brand strategy to transform from a business-to-business (B2B) fiber producer to a business-to-business-to-consumer (B2B2C) brand. Coupled with ongoing co-branding, joint marketing and brand education initiatives conducted with customers and brands globally, Veocel will enable Lenzing to shift its focus beyond fiber types to product application and build a relatable and emotional connection with consumers.

“Guided by our sCore TEN strategy, the launch of the Veocel brand will accelerate our migration into a specialty fiber business with a strong focus on innovation, quality and sustainability. Through ongoing proactive communication, the Veocel brand will also promote a holistic understanding about the benefits of botanic fibers in nonwoven products across the industry value chain and among consumers. This will not only help to maximize the marketing efforts of our customers and partners, but also drive dialogue about sustainability across the nonwoven industry. Through the Veocel brand, we hope to address the growing demand for transparency and sustainability across the value chain and provide consumers with greener product options,” said Robert van de Kerkhof, Chief Commercial Officer, Lenzing Group.

Veocel fiber portfolio includes Veocel Lyocell and Veocel Specialty Viscose fibers, which are derived from renewable or sustainable wood sources from certified and controlled forests and plantations. The botanic origin of the fibers offers functional benefits such as improved moisture absorbency and management, contribution to breathability, good hand feel, blending versatility, and all Veocel fibers are certified biodegradable in soil, landfill, compost and seawater. With a strong commitment to ensure fiber cleanliness, these fibers are manufactured using a stringently monitored production process in accordance with Lenzing’s high quality, environmental and safety standards.

The latest addition to the Veocel Surface brand — the Veocel Lyocell Fiber with “Quat” Release technology — is a premium and specialty wood-based cellulose fiber that is used in hard surface cleaning and disinfectant wet wipes. Veocel Lyocell fibers with Lenzing’s Quat Release technology allow quaternary ammonium compounds, also known as Quat, to be released from wet wipes onto the surface for effective cleaning and disinfecting in household and industrial environments.

While the nonwoven industry has acknowledged the benefits of Lenzing’s cellulosic fibers, such as their sustainable nature, botanic origin and ability to improve cleaning experience, the majority of single-use cleaning and disinfectant wet wipes mainly consists of synthetic fibers such as polyester and polypropylene. This binding interaction substantially decreases the release of Quat and can negatively impact the efficacy of the disinfectant product. However, with Lenzing’s Quat Release technology, the binding of Quat to the surface of Veocel Lyocell Fibers is significantly reduced, resulting in improved effectiveness of surface cleaning and the disinfection process. Wet wipes containing Veocel Lyocell Fiber with Quat Release technology demonstrate significantly improved release of Quat from the wet wipe to the surface, resulting in improved product stability and performance. In addition, Veocel Lyocell fibers also promote good absorbency, homogenous distribution of liquid in wet wipes and good hand feel.

“Today’s consumers, especially the millennial generation, are more mindful of their ecological footprint or the mark they leave on the natural environment and its resources. Since nonwoven products are mostly for single-use, we have seen increasing interest across the industry value chain in sustainable product composition and transparent production processes. With more consumers wanting to identify sustainable products that are biodegradable and environmentally responsible with proven functionality, the need for brands to be more transparent in product ingredient labelling is greater than ever. We hope that through Veocel and the newly launched Veocel Lyocell Fiber with Quat Release technology under the Veocel Surface brand, we are able to drive the entire nonwoven market forward and raise the bar for ingredient labeling and environmental standards across the industry,” said Wolfgang Plasser, vice president, Global Business Management Nonwoven of Lenzing Group.

Following the introduction of VEOCEL™, joint promotional programs with retail brand partners will be rolled out to equip consumers with the knowledge they need to identify nonwoven products that combine advanced performance, comfort and sustainability. “With Veocel, we are building a consumer-focused ingredient brand that proactively communicates with consumers through a B2Me approach, which is unique to the nonwoven industry. Given nonwoven products are in close contact with skin or other sensitive areas of the body, ongoing consumer outreach plays a critical role in building trust among consumers. Matched with a tagline ‘purely for you’, we wish to convey a Veocel brand promise that highlights our dedication to provide certified clean and safe products and pure care to consumers and the environment,” said Harold Weghorst, director of Global Brand Management, Lenzing Group.

Posted June 25, 2018

Source: Lenzing Group

Xerium Technologies To Be Acquired By Andritz For $13.50 Per Share

YOUNGSVILLE, N.C. — June 24, 2018 — Xerium Technologies Inc. and Andritz AG today announced that they have entered into a definitive merger agreement under which Andritz will acquire Xerium for $13.50 per share in an all-cash transaction. This price per share represents a premium of 146.8 percent to the unaffected share price prior to the announcement by Xerium of a review of strategic alternatives on March 19, 2018. Two of Xerium’s largest stockholders, Carl Marks Management Co. and Wynnefield Capital, which together represent approximately 20 percent of Xerium’s outstanding common stock, have entered into a voting agreement with Andritz to support the merger.

James Wilson, chairman of the Xerium Board, said: “This transaction represents a great outcome for Xerium stockholders, and is a reflection of the effort and accomplishment of our employees. It is also a major step forward for the company’s long-term business competitiveness and ability to serve customers.”

Mark Staton, Xerium’s president and CEO, said: “We are very excited about this coming together with Andritz. Their prestigious reputation in our industry, as well as their true global scale, provides a compelling opportunity for our own global workforce. I am convinced that Andritz will be a great long term owner of Xerium.”

Completion of the transaction is subject to approval by Xerium’s stockholders, regulatory approvals, and other customary closing conditions. The parties expect to close the transaction during the second half of 2018.

TN Capital Advisors LLC (True North) served as exclusive financial advisor to Xerium for this transaction, and Latham & Watkins LLP served as legal advisor to Xerium.

Posted June 25, 2018

Source: Xerium Technologies

Xeros® Cleaning Technologies Is Now Hydrofinity™

SHEFFIELD, England — June 25, 2018 — Xeros® Cleaning Technologies, the developer of water-saving commercial laundry solutions for hotels and commercial laundries, today announced it is changing its name to Hydrofinity™ from July 10. The company expects the name change to be implemented in all the countries where it is active by August 2018, and is previewing its new brand identity at the Hotel Show Africa in Johannesburg South Africa, 24-26 June.

“Our choice of new company name represents our key objective of helping to sustain the world’s water supplies for current and future generations. We must work to tackle global water crises now and can no longer take water for granted,” said Mike Ferrand, managing director, Hydrofinity.

“The name is new, but the value we bring remains the same. We are driven by the principle that water is essential and precious,” said Caroline Crossland, marketing director, Hydrofinity. “And by helping our customers reduce their environmental footprint while creating substantial cost efficiencies in their laundry operations, we begin to change the conversation in commercial laundry to a focus on water conversation and ongoing sustainability.”

Hydrofinity uses cutting-edge sustainable cleaning and fabric care technologies provided by Xeros Technology Group. Compared to traditional machines, the near-waterless Hydrofinity wash process replaces up to 85 percent of water with XOrbs™. These unique spheres employ a gentle yet effective mechanical wash action on linens, ensuring powerful stain removal results for a visibly superior clean. XOrbs can even wash in ambient temperature water, eliminating the need to heat water, creating additional energy savings and keeping linens looking newer for longer. XOrbs last for up to a thousand washes before needing to be replaced, and are collected by the company to be recycled.

Sustainability is now an integral component of hospitality business strategies. Increased water rates, greater environmental awareness among travelers, and a continued focus on cost and operational efficiencies have hotels looking at all aspects of their operations, including laundry. Hoteliers investing in emerging conservation technologies are reaping cost and operational benefits while lowering their environmental footprint and meeting sustainability targets.

Posted June 25, 2018

Source: Hydrofinity

PolyMirae, A LyondellBasell Joint Venture, To Expand Its Polypropylene Capacity By 400,000 Tons/Year In South Korea

HOUSTON/HONG KONG — June 25, 2018 — PolyMirae Co. Ltd. announced today that it would establish a joint venture with SK Advanced in South Korea. The joint venture intends to build a new 400,000 ton/year polypropylene plant to serve customers in Asia. The plant will be located in the southeastern port city of Ulsan and is dependent on regulatory filings and permitting reviews.

PolyMirae is a joint venture 50 percent owned by LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and 50 percent owned by Daelim, a construction and petrochemical company in South Korea.

Construction on the project will begin in January 2019 and operations at the plant will begin in the first half of 2021.

“Through direct investment or through a joint venture such as PolyMirae, we continue to build production capacity to serve rapidly growing end markets in Asia,” said James Seward, vice president of Joint Ventures and International Marketing at LyondellBasell. “With the addition of this joint venture’s capacity, PolyMirae will ensure that automotive manufacturers in South Korea and throughout Asia will continue to be able to locally source the polypropylene they need to advance the next generation of fuel efficient vehicles, and that LyondellBasell will gain access to additional export volumes to ensure our global production footprint will continue to grow alongside our customer base.”

The new polypropylene plant will be one of the largest of its kind in Asia and will utilize LyondellBasell’s industry-leading Spheripol technology. Polypropylene manufactured at the joint venture will be sold to customers in South Korea and exported throughout Asia for use in automotive components, injection molding, blow molding and packaging film. Some of the polypropylene will also be sold to compounding companies in South Korea and the broader region.

PolyMirae is a 50/50 joint venture between LyondellBasell and Daelim. The new company will be a joint venture between PolyMirae and SK Advanced.

Posted June 25, 2018

Source: LyondellBasell

Pindler Announces The Release Of Two New Luxurious Collections 

MOORPARK, Calif. — June 25, 2018 — Pindler, an international wholesaler of decorative fabrics, has announced the release of two new collections — In The Details and the Exclusive Wanderlust Collection.

“We’re delighted to launch these new, luxurious collections,” said Pindler Design Manager Sarah Williamson. “The In The Details and Wanderlust collections bring trend-inspiring, in-demand design elements — decorative trims and vibrant colors — to the design trade. We’re looking forward to seeing the creative ways they are used by interior designers.”

The two collections are detailed below:

1) In The Details is an elegant grouping of decorative transitional trims and tapes that are ready-to-use. Made with luxurious linens, touches of sophisticated metallic, and unique techniques and constructions, the collection blends together all design aesthetics to offer many options for added embellishment in a variety of versatile colors and designs.

2) The Exclusive Wanderlust Collection is selection of five fabric designs — all exclusive to Pindler — that draw inspiration from the feeling of wanderlust. It is made with a combination of vibrant colors and natural tones that are perfect for creating a bold, beautiful indoor setting. Woven and embellished with natural yarns such as cotton, linen and wool, this collection is contemporized and has a global appeal.

In The Details and the Exclusive Wanderlust Collection are currently available at Pindler’s 16 corporate showrooms and seven agent showroom locations across the country as well as three agent showrooms in Canada.

Posted June 25, 2018

Source: Pindler

Tommy John To Expand Retail Footprint With Simon®

NEW YORK CITY — June 25, 2018 — Simon today announced Tommy John will open its second store at SouthPark, Charlotte’s definitive leader for luxury shopping.

The Tommy John store at SouthPark will welcome customers later this summer in 3,000 square feet between Neiman Marcus and Belk and will feature their recently-launched women’s line. Tommy John’s arrival in the Queen City comes on the heels of the brand’s first store which debuted last October at Simon’s iconic King of Prussia in suburban Philadelphia.

“We’ve spent the last 10 years reimagining the fabric, fit and function of underwear and apparel,” says Tom Patterson, founder and CEO of Tommy John. “We’ve designed products that solve the problems men and women have with their underwear and apparel. Now we’re expanding our focus to solve the problems men and women have in the physical retail space by simplifying the experience to make it a more intuitive and enjoyable experience for customers. We’ve seen great success at King of Prussia and are excited to bring Tommy John to SouthPark.”

The new store at SouthPark was designed by Stewart Schafer, the team behind Tommy John’s 1,600 square-foot store at King of Prussia. The space was conceived to ease product discovery and includes a comfort lounge and bar serving complimentary Prosecco and local beer to elevate the shopping experience.

Simon has supported Tommy John’s physical store development with the help of their New Business Team which works closely with online brands to go from ‘Clicks to Bricks.’ Simon’s dedicated team supports all aspects of a brand’s physical launch from store design to development and marketing, leveraging a network of retail experts.

“We’re confident that Tommy John will resonate with the SouthPark shopper just as it has at King of Prussia,” said Zachary Beloff, Simon’s National Director of Business Development. “We’ve worked hard with Tommy John’s team in leveraging customer and sales data to strategically choose these locations with more to come in the future.”

“SouthPark is the perfect location for our second retail store,” adds Erin Fujimoto, co-founder of Tommy John. “We’re thrilled to join the ranks of leading brands and bring our unique shopping experience to our loyal customers in Charlotte.”

Posted June 25, 2018

Source: Simon

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