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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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