Profile: Gildan Activewear Inc (GIL)
26 Feb 2015
Gildan Activewear Inc. (Gildan), incorporated on May 8, 1984, supplies branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands, including the Gildan, Gold Toe, Anvil brands and brand extensions, Secret, Silks, Therapy Plus and Kushyfoo, as well as under licensing arrangements for the Under Armour, Mossy Oak and New Balance brands. It operates in two segments, Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States, Canada, Europe, and the Asia-Pacific region.
Printwear: The Printwear segment, headquartered in Christ Church, Barbados, designs, manufactures, sources and distributes undecorated activewear products in large quantities primarily to wholesale distributors in printwear markets in approximately 30 countries across North America, Europe and the Asia-Pacific region. The products sold through its Printwear segment consist mainly of undecorated or ‘blank’ T-shirts, fleece and sport shirts marketed primarily under its Gildan brand. In 2012, the Company added the Anvil brand and brand extensions. In 2013, the Company entered into a license arrangement with New Balance Athletic Shoe, Inc., to sell New Balance branded performance activewear products in the printwear distributor channel in the U.S. and Canada. Wholesale distributors sell its products to screenprinters and embroiderers who decorate the products with designs and logos. Screenprinters and embroiderers then sell the imprinted activewear to a diversified range of end-use markets, including educational institutions, athletic dealers, event merchandisers, promotional product distributors, charity organizations, entertainment promoters, travel and tourism venues and retailers. The Company’s activewear products are used in various daily activities by individuals, including work and school uniforms and athletic team wear, and for various other purposes to convey individual, group and team identity. Branded Apparel: The Branded Apparel segment, headquartered in Charleston, South Carolina, sources, designs, manufactures, and distributes branded family apparel, which includes athletic, casual and dress socks, underwear and activewear products, primarily to U.S. retailers. A significant portion of its Branded Apparel segment sales consist of various styles of socks, sold primarily under various Company-owned and licensed brands, as well as select national retailers’ brands. The Company has placement of Gildan branded programs within the mass-retail channel. It also has launched its Gildan Platinum brand in department stores and a major national chain, and Smart Basics in ‘dollar’ stores. In addition to the Gildan brand, its portfolio of consumer brands includes the following: the core Gold Toe brand; the G brand line of socks, underwear and activewear which is targeted at a younger consumer demographic; the SilverToe brand sold to a national chain; the GT a Gold Toe Brand; the PowerSox athletic performance brand which is distributed mainly through sports specialty retailers and national chains; the Auro brand for the mass-market; the All Pro brand, an athletic sock brand for the mass-market; and a license for socks for the Under Armour brand in the U.S. Furthermore, the Company also manufactures, decorates, and distributes products for global consumer brands, including major sportswear and family entertainment brands.
The Company competes with Hanesbrands Inc., Berkshire Hathaway Inc., Russell Corporation, Ennis Corp., Delta Apparel Inc., American Apparel, Inc., Color Image Apparel, Inc., Next Level Apparel, Renfro Corporation and Jockey International, Inc.
Gildan Activewear Inc
33rd, 600 de Maisonneuve Blvd W
MONTREAL QC H3A 3J2