Gildan Announces Record Second Quarter Results, Report Suggests Company May Shift Away from Private Label
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According to a Reuters article, Gildan Activewear has been adjusting its focus away from the private label industry, with increased emphasis placed on its branded apparel sales. "The company, which holds the U.S. sock licenses for Under Armour Inc. and New Balance, has been shifting away from the private label business, spending more to market its own brands such as Gildan and Gold Toe," the article said.
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