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Gildan Overcomes Hurricanes, Pandemic to Post Solid Q4

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Despite getting hit by hurricanes, Covid and poor socks sales, Gildan Activewear was able to post sales and earnings gains in the fourth quarter. In a Nutshell: Gildan Activewear said its “Back to Basics” strategy drove a strong fourth-quarter performance, even with pandemic and weather-related events. Selling, general and administrative expenses (SG&A) were down 6…

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