NEW YORK — Don’t count Rick Helfenbein among the naysayers on sourcing in China.
While some in the apparel industry have begun to shy away from Chinese manufacturing because of rising labor costs, Helfenbein, president of Luen Thai USA, said companies should think twice before abandoning the world leader in apparel and textile production. He noted that China still holds a 38 percent share of U.S. apparel imports despite higher costs and strategic shifts by Chinese manufacturers to upgrade their product mix and produce more for domestic consumption, and in the face of Western brands diversifying their sourcing base.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)