The increase in sales in the printwear segment compared to the second quarter of fiscal 2011 was due to higher unit sales volumes, as U.S. distributors rebuilt inventories to more normal levels after destocking in the first quarter of the fiscal year in anticipation of the selling price decrease announced in December 2011. In addition, industry demand from U.S. screenprinters, as reported in the CREST report, increased by 4.9 percent compared to the second quarter of last year, and Gildan Activewear's market share in the U.S. distributor channel was 63 percent, compared to 62 percent in the second quarter of fiscal 2011. Shipments to national account customers were essentially unchanged from the second quarter of last year. International unit sales volumes in the printwear business segment reflected strong growth compared to the second quarter of fiscal 2011.
- Companies:
- Anvil Knitwear