Champion Thread surpasses pre-pandemic levels of production, sales

10 May '21

1 min read

Pic: Champion Thread Company

US-based Champion Thread Company has not only recovered the losses it faced during the pandemic, but has also surpassed the previous levels of production and sales, according to the company’s president Matt Poovey. With mandatory shutdowns and restrictions, Q2 2020 was devastating to many of its clients, however, most have experienced a robust growth in Q3.

Talking about the reasons for this growth, he said that e-commerce is driving much of it. Personal savings are also historically high, allowing consumers to invest in durable goods.

Although the industry is recovering, challenges related to the virus persist. “Some regions are recovering faster than the others as the pandemic eases there. The apparel market's recovery has lagged behind some of the other markets, but consumers are now starting to once again shop for clothing and accessories,” Poovey said in an interview with Fibre2Fashion.

Click here to read the interview.

Fibre2Fashion News Desk (KD)

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