Industry News
Gildan’s Q2 net sales up 3% on 2023 G
ildan has reported that its net sales for the second quarter of 2024 rose 3% over the prior year to $862m. Glenn J. Chamandy, president and CEO, said: “I am proud of the Gildan team’s ongoing dedication, delivering a solid top line performance in the second quarter with strong adjusted operating margin and double-digit adjusted diluted EPS1 growth. Further, I am excited to be back leading the company as we continue to focus on our Gildan Sustainable Growth Strategy (GSG) and celebrate a significant milestone with our company’s 40th anniversary this year. This is a period of significant opportunity in our industry, and we
believe that Gildan’s competitive position has never been stronger.” Gildan’s chairman of the board, Michael Kneeland, added: “Gildan’s new directors bring a wealth of expertise and fresh perspectives, and the Board is excited about supporting the Company in this next chapter, working closely with Glenn and the senior team and all stakeholders. Together, we look forward to achieving great success.”
During Q2 activewear sales of $737m, up by 6%, were driven by increased activewear shipments reflecting positive POS trends across all channels and markets. Furthermore, these strong sales reflected continued market
Continued demand leads to new appointments at The Outdoors Company
T
he Outdoors Company has announced several new appointments in response to increasing demand within the promotional merchandise sector. Following the company’s expansion into Europe, Tanja Read has joined as EU business development manager and is helping the company to grow their operations within the region. The opening of the company’s EU warehouse means they are now able to fulfil orders direct to EU clients where there is great appetite for retail brands.
Dan Rogers has been promoted to UK business development manager and will lead the continual growth of the company within the UK promotional merchandise industry. Tom Robinson, formerly of Brand
Addition, moves from distributor to supplier and joins the team as a key account manager. Lucy Ollier is the latest member to join the sales admin team and will support the key account managers with the business on administrative tasks, quotes and processing orders.
Director of The Outdoors Company, Paul Morley-Smith, said: “It certainly is exciting times here at TOC. We have restructured roles and responsibilities and increased the headcount by more than 20% in the last six months. This now gives us the platform to leap forward offering better account management for our mature UK business and the capacity to cope with the surge in demand coming from our rapidly expanding EU business and operations.”
share gains in key growth categories, including fleece and ring spun. Gildan also benefited from a positive response to recently introduced products featuring soft cotton technology.
International sales also increased by 7%, as POS trends rebounded across all regions.
Gross profit of $262m, or 30.4% of net sales were achieved during Q2, versus $217m or 25.8% during the same period in 2023. This was primarily driven by lower raw material and manufacturing input costs. Gildan’s focus on the remainder of 2024 continues to be on executing the GSG strategy initiated in 2022.
Regatta appoints new chief digital and technology officer
R
egatta has appointed a new member to its board of directors in the role of chief digital and technology officer. The newly appointed Tom Goodman, will lead digital, customer
experience, tech and data and AI across the group.
Chairman and CEO of Regatta, Keith Black said: “We are delighted to appoint Tom Goodman to the board
Tom Goodman has been appointed chief digital and technology officer
Tanja Read, Dan Rogers and Lucy Ollier
www.printwearandpromotion.co.uk
of directors. His experience across retail, technology and digital, combined with his proven ability to lead initiatives and build on the brand’s past successes makes Tom a fantastic addition to the board.” During his time at Regatta as group digital director, Mr Goodman has successfully relaunched multiple websites across the Regatta Group, built in-house digital marketing and technology teams, and has overseen the launch of several new partner platforms including Frasers Group, Decathlon, Marks & Spencer and ASOS among others.
September 2024 | 5 |
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80
