BIC Group Reports Financials
Net sales at Top 40 supplier BIC Graphic (asi/40480) decreased by 2.5% last year overall and by 12.8% in the fourth quarter of 2016, according to an earnings statement released on Monday. In the statement, parent company BIC Group noted that a strategic review of BIC Graphic is “partially completed” and that “alternative discussions” regarding the entity and BIC's Asia Sourcing operations are ongoing. BIC did announce that going forward BIC Graphic Europe operations will report to the European BIC Consumer Product business. Read Article
Gildan Completes Acquisition of American Apparel
Montreal-headquartered Gildan (asi/56842) aims to start selling American Apparel products to the wholesale market, including promotional product distributors, by the end of February. The announcement comes after Gildan formally completed the acquisition of the fashion basics brand last week. Read Article
3M Announces Q4, Full-Year Earnings
St. Paul, MN-based 3M Co., parent company of Top 40 supplier 3M/Promotional Markets (asi/91240), has announced that sales in the fourth quarter of 2016 ended December 31 were $7.3 billion, up 0.4% from a year ago, while sales for 2016 reached $30.1 billion, down 0.5% from 2015.
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The Joe Show: Shining a Light on New Products
In the latest episode of The Joe Show, Product Editor Joe Haley dishes on everything from a 4-in-1 charging cable and stylus pen with an LED flashlight, to a full-color fleece blanket and magnetic air vent phone holder. ASI's resident product expert has other great items for you to check out, too. Don't miss out!
Survey: Partisan Politics Influence Consumer Sentiment
In the aftermath of a divisive presidential election, consumers have become split along party lines on the United States' economic outlook, according to a new survey from the University of Michigan. As part of the study, researchers noted that the Democrat's Expectations Index measured close to its historic low, while the Republican's Expectations Index hovered near a historic high. The indexes are part of a broader study gauging consumer sentiment in the United States.
Geiger Announces New Affiliate
Counselor Top 40 distributor Geiger (asi/202900) has announced that The Swag Coach Program (asi/340317) has joined the firm as an affiliate. The Swag Coach and On Sale Promos are led by Josh Frey, who is both an active salesperson as well as a promo trainer that recruits, teaches and supports people with limited industry and sales experience.
Epson Hosts Third Digital Couture Show in New York
Leading up to New York Fashion Week, Epson America Inc. hosted its third annual Digital Couture Project Show at the IAC Building in Manhattan. Thirteen designers from the U.S., Canada and Latin America gathered to showcase their collections, all created from Epson dye-sublimation technology. Counselor was on the scene to check out some of the unique stylings made possible by sublimation – an apparel decorating medium that's great for creating graphics on polyester apparel in the ad specialty industry.
U.S. Trade Deficit Hits Four-Year High
The United States' international trade deficit increased last year to $502.3 billion – the largest gap between imports and exports since 2012. The U.S. Census Bureau reported recently that the deficit rose $1.9 billion, or 0.4%, in 2016.
In the News
BIC Graphic (asi/40480) has announced the donation of $5,500 to the Goodhue County Sheriff Department to support the foundation of the water rescue and recovery team.
Holloway Sportswear (asi/61430) was named 2016 Elite Vendor of the Year by Midwestern sporting goods retailer Johnny Mac's.
IMAGEN Brands, parent company of Crown Products (asi/47700) and Vitronic (asi/93990), won the Best Use of Social Media by a Supplier award at the Mid-South Promo Show presented by the Promotional Products Association of the Mid-South.
Victorinox Swiss Army Inc. (asi/93755) has announced that west region manager Janet Jones was awarded the 2016 Lifeguard Award by PromoShop (asi/300446) for the second time.