top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Gildan Q1 Increase Boosted by Activewear

(Filed Under Financial and General Interest News). Driven by strong sales in the activewear and underwear categories, Gildan Activewear Inc. cited a 50.3 percent increase in sales during the first quarter ended January 2, 2011: to $331.3 million from $220.4 million during last year’s first quarter. Net earnings were $35.9 million, or 29 cents per diluted share.

The Canadian manufacturer reported that activewear and underwear sales jumped 76.7 percent; to $270 million, off-setting sock sales, which declined 9.3 percent, to $61.2 million. The growth in activewear and underwear was boosted by 7.9 percent growth in the U.S. distributor channel, strong growth in international and screen print markets and a greater volume of shipments to mass-market retailers.

The company said it achieved positive net sales despite higher cotton costs and start-up inefficiencies in its manufacturing and distribution. Start-up inefficiencies from the company’s new retail distribution center in Charleston, S.C. continued to negatively impact Gildan’s ability to service sales demand for socks during the 2010 holiday season and increased distribution expenses during the quarter.

Despite these robust sales during the first quarter, Gildan’s projections for the second quarter were relatively modest. The company expects net sales to increase by approximately 15 percent over last year’s second quarter: to $375 million. The company based these projections on expected cotton cost increases and lower than previously projected unit sales volumes and reduced manufacturing and distribution efficiencies.

Quebec-based Gildan is a vertically integrated marketer and manufacturer of basic apparel with a presence in Canada, the United States, Europe, Mexico and the Asia-Pacific region.

more Financial and General Interest News >>

Published 02-09-2011 by Amanda Torres Price

Related Articles

Gildan Activewear Sales +3.8%, Income +13.7%
Q2 Gildan Sales Fell 3.5%, Net Income 4.7%
Gildan Buying Peds Legwear For $55 Million
Gildan Activewear Agrees To Acquire Doris
Gildan Activewear Buys T-Shirt Maker Anvil
Gildan’s 3q Profit Jumps 45%
Gildan Closes on Gold Toe Acquisition
Gildan to Acquire Gold Toe Moretz
Gildan Q1 Increase Boosted by Activewear
Gildan 2Q Sales Up 33.5%

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow