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Gildan Combines Units Into One Division as Sales Grow but Earnings Fall

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Looking to cut costs and improve retail efficiencies, Gildan is merging its Printwear and Branded Apparel businesses. In a Nutshell: Gildan Activewear finished the year with strong sales in the fourth quarter but a decline in earnings, and announced the implementation of an organizational realignment and related executive management changes to better leverage its go-to-market…

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