Home / Knowledge / News / Apparel/Garments / Apparel industry seeking new business strategies
Apparel industry seeking new business strategies
24
Oct '09
Apparel companies, still feeling the effects of constrained capital, are seeking new business strategies to help them prepare for success in a changing economy , said Bibby Financial Services which specializes in providing accounts receivable and purchase order financing to small and medium-sized businesses, including those in the apparel industry.

"Apparel companies must still get their clothing and shoes manufactured and distributed to the stores," Bibby Financial Services Managing Director Nick Hart said. "Given limited access to capital in today's bumpy economy, we are working with a number of apparel companies to help them find viable options to keep their firms growing."

A major trend, Hart said is for designers to license production of their goods to other companies.

"That shifts the cost of production to the licensee. The brand might be created by a highly visible designer or performer, so personal reputation is at stake," Hart explained. "Designers like this arrangement during times of reduced liquidity because it allows them to concentrate on the design and brand management without spending time on financing and manufacturing issues."

Despite the still precarious economic environment, a second trend in the apparel industry is the burst of many new start-up companies in the fashion world.

"Designers are leaving existing houses to start their own businesses," Hart explained. "Business disruption always creates lots of opportunity and that's what we are seeing. It used to be that start- up companies would use home equity lines or credit cards to finance their businesses. Now they have a variety of flexible and excellent financing products, including purchase order financing which can be provided when there are confirmed orders for merchandise."

A third trend is a slowdown in payment from overseas distributors, further reducing liquidity in the system.

"Because of our global presence we can work with distributors in different parts of the world, bridging those cash flow gaps to keep sales moving and ensuring payment. Additionally, as an approved lender with the Export- Import Bank, we can guarantee U. S. manufacturers that they will get paid," Hart added.

Bibby Financial Services is a worldwide market leading specialist of business cash flow solutions to small and medium-sized enterprises. With offices in 10 North American cities and 27 countries around the world, its product portfolio includes receivables finance, factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors, and is an approved lender for the Export-Import Bank's working capital guaranty delegated authority program. Bibby Financial Services is a subsidiary of The Bibby Line Group, a 202 year-old privately held company based in the United Kingdom.

Bibby Financial Services


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search