iFabric: Record '24 Sales

iFabric Corp., which produces intimates under the Coconut Grove and Maidenform brands, reported its “fifth consecutive year of revenue growth.” Although it has not yet released its complete full year financial report, the firm, which also has an intelligent fabric division, said 2024 revenues set a “record” of greater that 27 million Canadian dollars (about $19 million at current exchange rates).

The company noted that “while up by 20% over the prior 12-months, full-year 2024 revenues were under $1 million below management’s targeted range due to the strike at the Port of Vancouver, which impacted fourth quarter deliveries. Even with the Port strike, Q4 2024 revenue was the largest single-quarter performance in iFabric’s history, and all delayed products will be shipped in Q1 of 2025.”

It concluded that “the upcoming year of 2025 is expected to be another period of robust growth, as iFabric’s new product initiatives, combined with its solid core programs, position the company to achieve continued revenue and profit gains in 2025.”