Gildan registers loss
It’s being reported in various of our media that Gildan Activewear is facing losses; it has crossed my mind that a lot of people will have no reason to buy new clothes this year.
Speaking of saving money, it finally dawned on me this week that I could cut back on my phone data plan. I should be saving at least $30 monthly. Mentioning it in case this hasn’t occurred to others. If you’re not going out much, not commuting…
Ian 13:42 on 2020-07-30 Permalink
I remember when, without warning, Gildan closed down its Montreal distribution centre & manufacturing, moving production to the Caribbean… to reduce costs and evade Canadian taxes. They also have a strong reputation for union busting. Kind of hard to feel sorry for them now.
https://www.theglobeandmail.com/report-on-business/rob-magazine/do-you-know-where-your-t-shirt-came-from/article21818609/
Blork 14:12 on 2020-07-30 Permalink
I though “activewear” was the only clothing segment that was thriving. After all, nouveau-homebodies generally don’t walk around naked. Instead they wear comfy “activewear” because it’s like spending the day in your pyjamas but without looking (much) like pyjamas.
Speaking for myself, the only clothing I’ve purchased in 2020 so far is four pairs of activewear pants.
John B 14:21 on 2020-07-30 Permalink
Yeah, but has anyone ever had a comfy Gildan shirt? My only experience with them is that they’re the uncomfortable T-shirts that get stuff printed on them & given out free at events & conferences. If that’s the case their sales may actually be down because there are no conferences.
Ian 17:32 on 2020-07-30 Permalink
Like most garment brands they have quite a range – those blanks used for trade show swag are the cheapest you can get. Some of their more premium lines are actually very good quality.
I mean as long as you don’t mind unethically sourced exploitation of developing countries so you can have a nice t-shirt for cheap that is.
Meezly 19:25 on 2020-07-30 Permalink
I can understand if nobody is buying new office and evening clothes, but active wear should be more popular than ever, as everybody and their dog seems to be jogging and working out. II have a friend who’s a clothing & shoe horse, and even though she has saved tons of money not buying new clothes this year, she still likes to browse online. She laments that all she sees on her fave sites are pages devoted to casual, active and athleisure wear.
Ian 08:53 on 2020-07-31 Permalink
There have been lineups at the Lululemon in Saint Viateur… I guess not all activewear is created equal.
Kate 09:38 on 2020-07-31 Permalink
I feel moved to create a line of inactivewear branded with Montreal City Weblog.
MarcG 11:04 on 2020-07-31 Permalink
Haha. Montreal City Web Blob?
GC 10:26 on 2020-08-01 Permalink
Let us know when the site goes live, Kate.