CANADA: High Cotton Prices Unstitch Gildan's Profit
Higher cotton costs and weaker market demand ate into first-quarter profit at Fruit of the Loom rival Gildan Activewear Inc.
The Montreal-based clothing maker said it earned C$2.8 million ($1.8 million), or 10 Canadian cents a share, in the quarter ended 30 December, down from C$7.7 million, or 26 Canadian cents a share, in the year-earlier period.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- US apparel retailers' November 2016 sales roundup
- Why do modern robotics elude sportswear makers?
- Planning is key to an effective inventory strategy
- Esquel efficiency drive continues to boost brands
- US Q3 in brief – Tailored Brands, Genesco
- Taiwan textile maker investing in first US plant
- Myanmar garment industry "lacking labour rights"
- Outdoor apparel sector set for double-digit growth