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Gildan Sales and Profits Fall in Quarter as Raw Material Costs Rise

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Gildan’s realignment kicked into full gear in the first quarter, as did its global launch of American Apparel, but challenges bit into sales and earnings. In a Nutshell: Gildan Activewear Inc. saw sales fall in the quarter on soft activewear and legwear volume, while raw material costs hit the bottom line. On the positive side, the company…

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