POLY PRICE HIKE: Buyers of polyester staple fiber, which is used as an insolation in jackets and blankets, are facing another round of price increases. DAK Americas LLC on Tuesday said it would be boosting its prices by 3 cents a pound, starting with Oct. 25 shipments. In magnitude and timing, that matched a price increase disclosed by Wellman Inc. on Monday. Both manufacturers said their rising raw materials costs prompted the moves.
TONK TO SAKS: Saks Fifth Avenue Enterprises, a division of Saks Inc., said Tuesday that Robert Tonk was appointed vice president of store planning and construction for Saks Fifth Avenue. He will report to Andrew Jennings, Saks Fifth Avenue’s president and chief merchandising officer, and will be a member of the company’s operating committee. Tonk has more than 30 years of retail design experience, most recently as general manager of store design-planning and construction at Hudson’s Bay Co. for two years. He was with Hudson’s for 10 years before that as corporate director of design.
LOBBYING IN GENEVA: Global textile and apparel industry groups from about 15 countries, including the U.S., launched a lobbying blitz in Geneva Tuesday in a bid to muster support ahead of a crucial World Trade Organization meeting Friday that will examine the ramifications of the quota phaseout. Auggie Tantillo, executive director of the American Manufacturing Trade Action Coalition, said the end of quotas was a “pending catastrophe” with China, which is poised to monopolize global markets. According to some projections, China could capture 75 percent of the U.S. market share and 50 percent of the world market after the quotas expire on Jan. 1. Up to 30 million workers, many in poor nations, could see their jobs disappear as a result, said Ziya Sukun, executive director of Turkey’s ITKIB textile and apparel industry umbrella group.