Gildan news and archive

American Apparel opens first store in Los Angeles after Gildan acquisition

Upon American Apparel's return, the resilient brand is opening up a brick-and-mortar. The Los Angeles-based label is officially debut a flagship store in homage to where the brand first started. According to the Los Angeles Times, the elevated basics brand is set to open its first store since the closures last year. In February 2017,...

ManagementFeatured

Forever 21 and Amazon eyeing up bankrupt American Apparel

London - The American Apparel saga continues on in 2017, with reports that Forever 21 and Amazon are among the numerous companies vying to acquire bankrupt "Made in the USA" retailer. The teen apparel chain and online retail giant, as well as California-based apparel maker Next Level Apparel and Authentic Brands Group are all said to be in...

ManagementFeatured

American Apparel files for Chapter 11 once more

London - American Apparel has voluntarily filed for Chapter 11 bankruptcy protection in the United States once more, less than a year after it emerged from its first filing under court protection. The second bankruptcy comes as American Apparel agrees to sell its its global intellectual property rights related to the brand and certain assets to...

Report

Gildan sales growth disappoints in Q3

Montreal-based Gildan Activewear announced a slight increase in third quarter net profits to 123.1 million dollars (80.9 million pounds) or 50 cents per share, compared with 122.7 million dollars (80.7 million pounds) or 50 cents per share last year. Net sales amounted to 674.5 million dollars (443.4 million pounds), compared with 666 million...

Business

Gildan plans buy back, Genesco's shares plunge, Nike gets downgraded

Canadian family apparel supplier Gildan Activewear Inc. (GIL) announced its plan yesterday to buy back shares through private agreements between the company and a third-party seller. Gildan intends to purchase for cancellation up to 1,525,000 of its common shares, which will form part of Gildan's normal course issuer bid which provides...