Eco-friendly
Apparel and Textile Companies in Focus as Industry moves towards Sustainable
Practices; (OTCQB: $GFTX) (NASDAQ: $CTAS) (NYSE: $ARMK) (NASDAQ: $SGC)
Point
Roberts, WA and Delta, BC - September 25, 2019 (Investorideas.com Newswire) Investorideas.com, a leading
investor news resources covering sports and retail stocks releases a sector
snapshot reporting on the growing focus towards community & social outreach
as well as sustainable practices in the textile and apparel industries.
In
recent
news,
“Sustainability has gained a lot of traction in the textile industry over the
last few years. Purchase decisions are no longer only made on the basis of
fashion and comfort. Consumers are increasingly demanding more eco-friendly
textiles.”
The article continued, “In
contrast to paper, aluminum or steel, there is no credible recycling concept
for the billions of tonnes of fast fashion items sold every year, mainly from
non-biodegradable fibres. Each year about 60 million tonnes of new fibres are
used to make garments, and no plausible concept exists on what to do with them
when they are no longer needed. As a result, three-quarters of these products
are disposed of in landfills or incineration plants. The textile industry is a
major source of greenhouse gas emissions due to its production technologies and
transportation. Studies calculating the sector’s CO2 emissions were first
published only recently.”
With this growing attention towards
sustainable solutions in the broader textile market, there is a need to create
and implement meaningful solutions across a range of market segments. Global Fiber Technologies Inc. (OTCQB:GFTX) and Regent
Apparel are announcing a collaboration to create a solution in the uniform
apparel and napery segments.
Global Fiber Technologies, Inc. is a
publicly traded fiber technology company founded in 2016 and headquartered in
New Jersey that is dedicated to helping the world by utilizing their portfolio
of technologies to create a cleaner, greener and more efficient world for the
textile industry.
Read this in full
at https://www.investorideas.com/news/2019/renewable-energy/09251Sustainability-Apparel-Textile.asp
“This collaboration will utilize the
strengths of each company to tailor a sustainability solution that meets the
needs in the hospitality industry,” said Paul Serbiak, CEO of GFTX, who went on
to say, “We look forward to collaborating to build products that deliver on the
vision of a more sustainable future for this important market segment.”
Family-owned
Regent Apparel has almost a century of experience manufacturing uniforms for
businesses throughout the country. Their uniform take-back program will divert
thousands of pounds of textiles from landfills and redirect them to GFTX to
utilize their innovative technology to provide truly circular solutions to its
customers.
“As a manufacturer of tangible products, we
believe we have a responsibility to identify sustainable end-of-lifecycle
product management tools,” said Alexis Miller Lettis, Regent’s VP &
Director of Sustainability. “Our customers are increasingly looking for ways to
operate more sustainably and we are very excited about GFTX’s ability to up-cycle
our products.”
Chris Giordano, Global’s President and
Chairman said: “We are extremely enthusiastic and eager to start working with a
group like Regent. Regent has been a leader in the uniform space for over 95
years and has a reputation for producing very high-quality merchandise. They
are also a very forward-thinking company dedicated to the idea of helping make
the earth a better place by offering sustainable products to the corporate
uniform market. Our proprietary technology will be important to the
collaboration between us and to the industry in the years to come. We very much
look forward to working with the Regent team to create co-branded sustainable
products together.”
Earlier
in the year, Cintas Corporation (NASDAQ:
CTAS)
announced its collaboration
with JW Marriott, part of Marriott International, Inc., which debut a new
collection of wardrobe essentials across 51 of the brand's hotels worldwide. In
addition to the new collection launch, JW Marriott properties in the US participated
in a unique garment-recycling program managed by Cintas that responsibly reuses
the brand's retired uniform line.
"We
are excited about the new wardrobe launch as it will give JW Marriott
associates the opportunity to mix and match garments that best fit their job
function, personality and style preferences," said Mitzi Gaskins, Vice
President and Global Brand Leader of JW Marriott. "JW Marriott's
participation in Cintas' garment-recycling program aligns perfectly with our
commitment to sustainable practices and will help support key eco-friendly
brand-wide initiatives."
Approximately
10,000 associates were outfitted in the new collection, which includes Chef
Works and Design Collective by Cintas garments. Prior to the debut, Cintas
worked closely with JW Marriott to solicit hotel associate feedback regarding
wardrobe design concepts to ensure that each piece was both functional and
fashionable. Drawing inspiration from JW Marriott's brand color palette, the
collection incorporated neutral greys with accents of a warm blush present
throughout a variety of silhouettes including soft blouses, tailored suits and
sophisticated printed dresses.
"Prints
have been the cornerstone of many apparel collections over the last 18 months
and continue to take center stage," said Jeff Marino, Creative Director at
Cintas. "The floral print design that we created for the crepe dress and
blouse is inspired by vintage Japanese watercolor paintings. It is the perfect
representation of high fashion meets brand vision."
JW
Marriott's garment recycling program, which took place through May 31, 2019 was
available across 26 JW Marriott hotels based in the US. Through this
sustainable program, hotels collected the retired uniforms in the boxes used to
ship the new garments, each capable of holding 25-30 pounds of textiles. Once
received by Cintas, the uniform provider worked with Leigh Fibers, Inc., a
leader in managing textile waste, to shred garments and repurpose the remaining
fibers for future use.
"Because
JW Marriott associates provided insightful feedback about fit and functionality
during the design process, they really helped us curate the best collection
possible for the brand," said Jenn Pampenella, Global Account Manager,
Cintas Corporation. "Cintas and Marriott also worked closely to bring our
shared commitment to sustainability to the program. Our garment recycling
program will allow JW Marriott's US hotels to divert textile waste from our
nation's already strained landfills."
Not only are companies looking at recycling programs
and sustainability but also at their social and community responsibilities.
Recently, more than 12,000 Aramark (NYSE:
ARMK) team members across the globe volunteered
their time at 350 service projects in 15 countries
during Aramark’s annual day of community service, Aramark Building Community
Day (ABC Day). This year, Aramark joined the National Football
League’s (NFL) Huddle for 100, a
volunteer campaign that encourages fans to partner with them, the players and teams
to donate 100 minutes of time, to help shape local communities for the next 100
years, with the goal of reaching 100 million minutes.
Aramark
volunteers logged more than two million minutes in the day - lending their
time, energy and expertise at service projects in the United States, Canada,
China, Korea, Mexico, Czech Republic, Germany and the United Kingdom to bring
health and wellness education and workforce readiness programs to community
members.
“One
day each year, we come together for our annual global day of service,” said
Lynn B. McKee, Executive Vice President of Human Resources at Aramark. “Aramark
Building Community Day demonstrates our year round commitment to enriching and
nourishing lives. Today, thousands of our employees will volunteer together to
build healthier communities and achieve our goal of creating long-lasting
impact.”
“Aramark
is the exclusive NFL retail merchandiser for special events and is the food,
beverage, retail and facilities partner of 14 NFL teams, so we are especially
excited this year to team up in Huddle for 100,” said Carl Mittleman, President
of Aramark’s Sports & Entertainment business. “Today alone, our team
members expect to volunteer millions of minutes in their local communities and
we will continue to log our time throughout the rest of the year.”
Superior Group of
Companies® (NASDAQ:
SGC),
who recently
announced
Michael Attinella, Chief
Financial Officer and Treasurer will be presenting at the Fall Investor Summit
at the JW Marriott Essex House, New York on September 16, is one other company
working towards better manufacturing practices.
Superior
Group of Companies and its family of brands have had a long-standing commitment
to Corporate Social Responsibility initiatives, which since 2011 includes
partnering with the Salvadoran Foundation for Health and Human Development
(FUSAL). Their program, “Libras de Amor” (translated: “Pounds of Love”), is
focused on reducing malnutrition in children, and creating a self-sustaining
environment for families in high-risk communities in El Salvador.
In
the past 15 years, SGC has also donated over 1.5 million articles of clothing
to various foundations and missions all over the world, including FUSAL,
Provision International, and other organizations. In 2017 alone, working
alongside various organizations, Superior Group of Companies and its divisions
have donated over 60,350 garments to areas throughout Central America and the
Caribbean. A core portion of those garments are used in sewing training
centers, which take the adult-sized garments and cut them down into clothing
for school age children.
In
response to the devastation in Houston caused by Hurricane Harvey, SGC opened
their distribution center in Eudora, AR as a clothing donation drop-off site.
In total, the Company successfully donated over 25,000 garments to the victims
of the hurricane in Houston and its surrounding areas.
Not only is
sustainability gaining traction in North America, but also globally as one article stated. “Sustainability
has also slowly begun to gain in importance in other parts of the world,
especially Asia. This is important because 2018 was a milestone. For the first
time in history, more
than half of apparel and footwear sales were
generated outside of Europe and North America. If we want to make the textile
industry a greener one, we need to support sustainability, especially in
emerging markets across Asia-Pacific, Latin America and other regions.”
As we see
this initiative grow globally, companies working on new garment recycling
programs and textile reusability may have the chance to gain consumer
favoritism as awareness and the demand for “green clothing” increases.
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investors following food & beverage stocks and Health, Wellness &
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