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

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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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