Gildan Activewear Company Profile
Company Profile
• Company Name- Gildan Activewear, Inc
• Market- Gildans has over 60% market share in the wholesale T-shirt category compared to less than 10% it had in 1998. The market size in North America is around $2.25 billion, while an international market the company is currently penetrating offers the same or greater market potential than the United States.
• Where it is based- Founded in 1984 and it is headquartered in Montreal, Canada.
(Covestor, 2010)
Gildan Activewear, Inc engages in the manufacture and sale of apparel products primarily in the United States, Canada and Europe. The company sells T-shirts, sport shirts and fleece in large quantities to wholesale distributors as undecorated "blanks" that are subsequently decorated by screen printers with designs and logos. The company's products are utilized in venues such as sports, entertainment, corporate events, travel and tourism as well as work uniforms. Besides that, it also sells athletic socks to retailers in North America and is now leading suppliers of socks in the U.S. mass-market retail channel. Additionally, it has become a main objective to become a significant supplier of men's and boys' underwear and undecorated active wear products to mass-marker retailers in North America. The company also makes its merchandise in Central America, Canada, and Mexico. Gildan Activewear currently staffs over 28,000 full-time employees around the world and is still headquartered in Montreal, Canada. (NYSE, 2012; Hoovers, 2012; Gildan Activewear Inc, 2011)
Gildan Activewear posted a net income of $ 95,329 million in FY 2009 and it increased to $198,245 million in FY 2010. The positive growth in net income is likely to increase as their retail market continues to expand and their sales revenue increases from significantly higher unit sales. Furthermore, Gildans Net Earnings for FY 2010 were $ 35.9 million which were up 25 % from FY 2010. The growth was due to strong sales in revenue despite low
• Company Name- Gildan Activewear, Inc
• Market- Gildans has over 60% market share in the wholesale T-shirt category compared to less than 10% it had in 1998. The market size in North America is around $2.25 billion, while an international market the company is currently penetrating offers the same or greater market potential than the United States.
• Where it is based- Founded in 1984 and it is headquartered in Montreal, Canada.
(Covestor, 2010)
Gildan Activewear, Inc engages in the manufacture and sale of apparel products primarily in the United States, Canada and Europe. The company sells T-shirts, sport shirts and fleece in large quantities to wholesale distributors as undecorated "blanks" that are subsequently decorated by screen printers with designs and logos. The company's products are utilized in venues such as sports, entertainment, corporate events, travel and tourism as well as work uniforms. Besides that, it also sells athletic socks to retailers in North America and is now leading suppliers of socks in the U.S. mass-market retail channel. Additionally, it has become a main objective to become a significant supplier of men's and boys' underwear and undecorated active wear products to mass-marker retailers in North America. The company also makes its merchandise in Central America, Canada, and Mexico. Gildan Activewear currently staffs over 28,000 full-time employees around the world and is still headquartered in Montreal, Canada. (NYSE, 2012; Hoovers, 2012; Gildan Activewear Inc, 2011)
Gildan Activewear posted a net income of $ 95,329 million in FY 2009 and it increased to $198,245 million in FY 2010. The positive growth in net income is likely to increase as their retail market continues to expand and their sales revenue increases from significantly higher unit sales. Furthermore, Gildans Net Earnings for FY 2010 were $ 35.9 million which were up 25 % from FY 2010. The growth was due to strong sales in revenue despite low