Charlotte, NC—Faced with global expansion in manufacturing and consolidation among hosiery companies, The Hosiery Association (THA) plans to dissolve as of Dec. 31 following a recent vote by its board of directors.
In a statement by Rich Stober, chairman, and Sally Kay, president, the trade organization that has promoted legwear manufacturers and suppliers for 108 years is calling it quits.
‘Unable to Sustain Itself’
“Economic volatility and increased globalization of the hosiery industry has caused consolidation within the membership. Additionally, the membership demographics have changed. Some companies have diversified the types of products they sell (both hosiery/non-hosiery). Most companies have fewer employees and time for active involvement in association activities has become more challenging. The requested needs and services within the current membership have become decentralized,” according Stober and Kay.
Those factors have resulted in a steep decline in membership and thus a drop in revenue leaving THA “unable to sustain itself.”
The THA reached out to The American Apparel and Footwear Association (AAFA) “regarding opportunities for AAFA to serve THA’s membership in the future. As a result of our talks with them, AAFA is forming a Legwear Committee and has invited all current THA member companies to become AAFA members.”
In addition, the THA’s sock/sheer sizing forms will be transferred to The Hosiery Technology Center (HTC), now known as the Manufacturing Solutions Center (MSC) effective Dec. 1.
“The MSC has long been a champion for the hosiery industry and a valuable partner to THA. The MSC played a vital role in developing the sizing form programs and we are pleased that it will continue this service which is invaluable to the hosiery industry world-wide.” www.hosieryassociation.com