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Gildan’s Activewear Unit Scores in Quarter as American Apparel on $100M Path

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.

While hosiery and underwear sales are being hurt by retailers’ private labels moves, Gildan’s activewear business is seeing strong growth. In a Nutshell: Gildan Activewear Inc. reported record second quarter sales and adjusted diluted earnings per share (EPS) ahead of its expectations, which it said sets the company on the path to achieve the higher…

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