Reflections at the End of the Trade Show Season (at the end of the retail era as we knew it…)

I woke up to a Business Insider article about the decline of retail stores.    They report that a third of malls are in danger of closing, and that visits to malls decreased 50% from 2010 to 2013. Noted at our industry shows, American Apparel will be closing their 110 retail locations and Abercrombie closing 60 outlets. Some are calling it the “retail apocalypse.” Add
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American Apparel Back in Business, Sort of…

Gildan purchased American Apparel and for a time during integration you could not buy wholesale. They are now back in the wholesale business, most customers can order again and distributors will get product again. I know some employees are back in action, but not sure how many. For the time being 10 key styles including the classic 2001 will be available as Made in the
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The Only Thing Worse Than a Bad Boston Accent…

I live in Cambridge, MA and the last time I checked it was not part of the City of Boston. Some new t-shirts appearing at “our” new Target (really? in Central Square? Good luck unless they have a liquor store in there) store were designed apparently by a New York firm. How you could design shirts  like this and not check with a real Boston
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Gildan Announces Stock Buyback

The Gildan announcement goes as follows from their press release this morning: “Gildan Activewear Announces Plan to Buy Back Shares Through Private Agreements Montreal, February 28, 2017 – Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that it intends to purchase for cancellation up to 877,000 of its common shares pursuant to one or more private agreements between Gildan and an arm’s‐length third‐party seller.
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Gildan Announces 4th Qtr and 2016 Earnings

Gildan released 4th Qtr and full 2016 earnings and their forecasts for 2017. In their own words: Net sales growth of 8.1% in the fourth quarter GAAP diluted EPS and Adjusted diluted EPS of $0.32, both up 14% compared to Q4 2015 2017 Adjusted diluted EPS guidance of $1.60-$1.70, representing 9% growth over 2016 at midpoint of range Record free cash flow of $398 million
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