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Gildan Forecasts ‘Significant Earnings Loss’ in Q2 From Pandemic’s Economic Fallout

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.

Smacked by the economic impact of the coronavirus pandemic in March, Gildan Activewear posted a first-quarter earnings loss and sales decline. In a Nutshell: Despite on-track performance during the first two months of the quarter, as global efforts to slow the transmission of COVID-19 heightened in March, Gildan Activewear said it started to see a…

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