×
90
Fashion Jobs
H&M
Business Controller to h&m Expansion
Permanent · Stockholm
H&M
Business Controller to Assortment
Permanent · Stockholm
UNIQLO
Loss Prevention Responsible
Permanent · GOTHENBURG
H&M
Product Owner - Marketing Portfolio Optimization, Customer Attraction
Permanent · Stockholm
H&M
Technical Engineer to The Global Connectivity Team Within Business Tech
Permanent · Stockholm
H&M
Solution Expert to Colleague And Corporate Support - Business Tech, h&m Group
Permanent · Stockholm
PUMA
Teamhead Sports Marketing Manager Nordic
Permanent · Stockholm
PUMA
Brand Manager Nordic
Permanent · Stockholm
H&M
Technical Engineer to h&m Business Store Engagement & Presence Team
Permanent · Stockholm
H&M
Product Area Manager – Customer Engagement (Customer Domain @ Business Tech)
Permanent · Stockholm
H&M
Cross Functional Business Expert to Business Tech
Permanent · Stockholm
H&M
Business Expert to Colleague And Corporate Support - Business Tech, h&m Group
Permanent · Stockholm
H&M
Competence Lead Data Analyst to h&m Business Tech - Customer Domain
Permanent · Stockholm
H&M
Cross Domain Integrations Software Engineer to Business Tech
Permanent · Stockholm
PUMA
Field Account Manager Cobra Puma Golf
Permanent · Stockholm
H&M
Cfo to Singular Society
Permanent · Stockholm
H&M
Software Engineer With Customer Centric Focus to Business Tech Area Customer Engagement
Permanent · Stockholm
PUMA
Nordic Merchandising Manager Teamsport
Permanent · Stockholm
H&M
Software Engineer, With Android Development Competence to h&m Business Tech – Customer Engagement
Permanent · Stockholm
H&M
Data Analyst to h&m Business Tech Checkout Area
Permanent · Stockholm
H&M
Technical Test Lead to Business Tech h&m Group
Permanent · Stockholm
H&M
Software Architect to Business Tech h&m Group
Permanent · Stockholm
Published
Feb 22, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gildan Activewear sales soar internationally

Published
Feb 22, 2019

Montreal-based apparel manufacturer Gildan Activewear announced a 5.7 percent increase in full-year net sales on Thursday, driven by a jump in international sales. 

Gildan Activewear, announced a 5.7 percent increase in full-year net sales on Thursday. - Facebook: American Apparel

 
The company’s net sales totaled $2,908.6 million in 2018. This reflected a 13.6 percent increase in activewear sales reaching $2,321.4 million, which was partly offset by a 17 percent decline in the hosiery and underwear category. 
 
Operating income totalled $437.4 million, up from $423.9 million, while net earnings for 2018 were down at $350.8 million. 

Meanwhile, net sales for the fourth quarter ended December 30, 2018 were up 13.6 percent at $742.7 million. The increase was driven by a 22.3 percent increase in activewear sales of $569.3 million, which was again offset by the hosiery and underwear category by 7.9 percent. 
 
Net earnings totaled $59.6 million or $0.29 per share during the quarter. 
 
The owner of American Apparel since 2017, Gildan expanded American Apparel's presence online during the year when it launched its e-commerce business last spring. 
 
The reach comes as the company is seeing an increase in sales abroad. Though net sales continue to be the highest in the United States, international sales jumped the most compared to last year up 26.9 percent. 
 
In fact, international sales surpassed those in Canada, which fell 7.9 percent during the year. 
 
Looking ahead for 2019, adjusted diluted EPS in the first half of the year is projected to be down compared to the first half of 2018, and higher in the second half of 2019 over the same period in the prior year.

Copyright © 2021 FashionNetwork.com All rights reserved.