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Gildan’s Sourcing Shifts Ding Q3 Profits but Offer Long-Term Benefits

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

Brought down in part by restructuring initiatives in its supply chain, Gildan Activewear Inc. saw net earnings for the third quarter ended Sept. 29 fall 8.2 percent to $104.9 million compared with net earnings of $114.3 million in the year-ago period. The company said “manufacturing optimization initiatives,” including consolidation of textile, hosiery, sewing and yarn…

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