Top 25 Apparel Supplier SanMar Corp. (asi/84863) now boasts more than 4.4 million square feet of inventory space across the country, after opening its eighth warehouse. The latest facility, in Phoenix, is 326,000 square feet and includes a showroom and onsite kiosks where local customers can place orders.
“We pride ourselves on offering the most on-hand inventory in the industry, with the quickest ship times to our customers,” says Jeremy Lott, president. “The addition of the Phoenix warehouse allows us to be even more efficient in fulfilling customer orders throughout the Southwest, while offering later ship times for one-day shipping to our customers in southern California.”
SanMar ranked No. 2 in Stitches’ most recent Top 25 Apparel Suppliers list, with an estimated $500 million in annual revenue.
Jetline Adds Decoration Method
Gaffney, SC-based supplier Jetline (asi/63344) is adding JetColor, a full-color inkjet-direct imprinting method, to its lineup of decoration techniques.
Jetline recently added three new X2 UV inkjets to its existing X-Jet system, enhancing capacity, capability and redundancy. JetColor is a process the company has been developing for a while, according to Eric Levin, CEO: “We are very pleased to be able to continue to invest in innovative printing technologies that dramatically improve the end-user’s buying experience.”
Among the products that can be imprinted with JetColor are stress relievers and vinyl-based products that have traditionally been difficult to decorate.
SBA Has Record Lending Year
The U.S. Small Business Administration approved a record number of loans in 2014, lending out $19.19 billion to help small-business owners expand their companies. By the end of the fiscal year, the SBA had approved more than 52,000 loans, a year-over-year increase of 12%. In terms of dollars loaned, the program was up 7.4% over 2013.
“As our economy continues to grow and recover, small businesses are the essential fuel to that continued growth,” says Maria Contreras-Sweet, SBA administrator.