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Gildan Activewear news and archive

Report

Gildan Activewear Q3 net sales improve 5.3 percent

Gildan Activewear Inc. for its third quarter ended September 30, 2018 recorded total sales growth of 5.3 percent to 754.4 million dollars driven by a 12.1 percent increase in activewear sales, partly offset by a 16.6 percent decline in the hosiery and underwear category, which the company said was, despite the impact of Hurricane Florence that...

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Management

Gildan Activewear updates FY18 outlook after strong Q2

Gildan Activewear Inc. has reported net sales of 764.2 million dollars in the second quarter ended July 1, 2018, up 6.8 percent compared to the prior year, which the company said, were driven by a 17.3 percent increase in activewear sales. International sales were up 35.2 percent, reflecting strong growth momentum across all markets. Gross...

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Report

Gildan Activerwear announces election of directors at AGM

Gildan Activewear Inc. has announced that the twelve nominees proposed as directors in its management proxy circular dated March 7, 2018 were elected as directors of the company by a majority of the votes cast by the shareholders present in person or represented by proxy at its annual meeting of shareholders held on May 3, 2018 in Montréal. The...

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Management

Gildan Activewear posts 11.2 percent sales growth in Q4

Gildan Activewear Inc. reported a sales growth of 11.2 percent in the fourth quarter, driven primarily by 27.6 percent or 22.5 percent organic sales growth in printwear in the quarter, excluding the impact of the American Apparel acquisition early in 2017. Gildan also announced the implementation of an organizational realignment and related...

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Management

Gildan Q3 adjusted EPS up 6 percent, increases full year outlook

Gildan Activewear generated growth in earnings per shareduring the third quarter, with EPS of 0.52 dollar and adjusted EPS of 0.53 dollar up 6 percent compared to the prior year. The company said, stronger than expected adjusted EPS was due to more favourable product mix in printwear, earnings contribution from the impact of the American Apparel...

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Retail

American Apparel relaunch online

After two bankruptcies and shutter of all stores, American Apparel’s last minute acquisition by Gildan Activewear, promised the US retailer would return to e-commerce. Now relaunched, the American Apparel e-commerce site is the exclusive way for fans of the brand to shop. Playing on the ‘Made in America’ ethos, the website features dedicated ‘...

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Management

Gildan posts rise in Q2 net sales and earnings

Gildan Activewear’s consolidated net sales of 715.4 million dollars in the second quarter ended July 2, 2017 were up 26.5 million dollars or 3.8 percent, reflecting sales increase of 1.9 percent in the printwear segment and 8.1percent in branded apparel. The sales increase, the company said, was driven by acquisitions and higher net selling...

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Report

Gildan Activerwear posts strong Q1 EPS growth of 39 percent

Gildan Activewear said that its first quarter net sales improved 12.2 percent to 665.4 million dollars driven by acquisitions of Alstyle, Peds and American Apparel. Sales growth and operating margin expansion in the quarter translated to strong adjusted diluted EPS growth of 39 percent compared to last year. Sales increased 13.6 percent in the...

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Management

Gildan Activewear Q4 earnings grow 14 percent

Gildan Activewear has said that for the year ended January 1, 2017, the company achieved diluted EPS of 1.47 dollars and adjusted EPS of 1.51 dollars, slightly above its previous guidance of adjusted EPS of 1.48 dollars to 1.50 dollars. Sales for the full year of 2.59 billion dollars, the company said, were in line with its previous sales...

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Retail|UPDATE

American Apparel not to shut remaining stores immediately

London - Although bankrupted American Apparel may have found a new owner in the form of Canadian manufacturer Gildan Activewear, the future of the retailer’s store chain was remained bleak as the agreement did not include store locations. Earlier this week news emerged that the Los-Angeles based company had let go of approximately 2,400...

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Management|UPDATE

​Gildan Activewear Inc. places winning bid for American Apparel

London - The auction for bankrupted US fashion retailer American Apparel has come to end, with a certain Canadian apparel manufacturing firm being named as the last one standing. Gildan Activewear Inc is said to have won the bankruptcy auction for the 'Made in the USA' retailer, after it raised its stalking horse bid to 88 million dollars,...

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Management

American Apparel confirms layoffs will affect up to 3,500 employees

Struggling LA-based fashion retailer confirmed earlier this week that it had sent notices to almost 3,500 employees warning them of potential layoffs. As reported by ‘Los Angeles Times’, American Apparel would have notified workers at three of the company’s production facilities in Southern California that their last day of work could be...

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