Latest news with #clothing
CTV News
8 hours ago
- Business
- CTV News
Gildan Activewear Inc. reports US$137.9 million profit for second quarter
Signage is seen at Gildan Activewear Inc.'s annual meeting in Montreal, Tuesday, May 28, 2024. THE CANADIAN PRESS/Christinne Muschi MONTREAL — Gildan Activewear Inc. says its earnings rose in the second quarter as it reaffirmed its full-year guidance after considering the impact of tariffs. The clothing manufacturer, which reports in U.S. dollars, says it earned US$137.9 million in the quarter ending June 29, up from US$58.4 million in the same quarter last year. The Montreal-based company says its adjusted earnings worked out to US$145.9 million, up from US$124.7 million last year. It says adjusted earnings were 97 cents per diluted share, up from 74 cents per diluted share last year. Net sales totalled US$918.5 million in the quarter, up from US$862.2 million in the period last year. Gildan says in reaffirming its guidance after weighing the impact of tariffs along with the options available to it to mitigate the effects, including pricing and its flexible business model. This report by The Canadian Press was first published July 31, 2025.
Yahoo
9 hours ago
- Business
- Yahoo
Gildan Activewear Inc. reports US$137.9 million profit for second quarter
MONTREAL — Gildan Activewear Inc. says its earnings rose in the second quarter as it reaffirmed its full-year guidance after considering the impact of tariffs. The clothing manufacturer, which reports in U.S. dollars, says it earned US$137.9 million in the quarter ending June 29, up from US$58.4 million in the same quarter last year. The Montreal-based company says its adjusted earnings worked out to US$145.9 million, up from US$124.7 million last year. It says adjusted earnings were 97 cents per diluted share, up from 74 cents per diluted share last year. Net sales totalled US$918.5 million in the quarter, up from US$862.2 million in the period last year. Gildan says in reaffirming its guidance after weighing the impact of tariffs along with the options available to it to mitigate the effects, including pricing and its flexible business model. This report by The Canadian Press was first published July 31, 2025. Companies in this story: (TSX:GIL) The Canadian Press Sign in to access your portfolio
The Sun
9 hours ago
- Business
- The Sun
Outdoor clothing chain with 67 branches launches huge clearance sale after closing six high street stores
AN outdoor clothing retailer is shutting one of its stores and has launched a huge clearance sale. Millets is expected to close its store on Middlesbrough 's Linthorpe Road in September. Signs posted outside the shop say there is a closing down sale now on. The clothing chain announced in October that it would be shutting six stores early in 2025. However four of the locations were set to be reopened and rebranded as GO Outdoors, a sister brand to Millets. These included the sites in Lowestoft, Douglas, York and Grimsby. It's not clear whether the upcoming store closure in Middlesbrough is among the six originally earmarked for closure. The Sun has reached out to Millets for comment. Some stores have already closed so far this year. The store in Burgess Hill, West Sussex, closed in January but was not rebranded. Another store in Bracknell is also set to close down and has launched a 30% off closing down sale, but it still appears to be open for now. Meanwhile the Worthing location is also expected to close. The store, which has been there since 2016, will be replaced by a GO Outdoors Express. Millets sells outdoor clothing and equipment, including big-name brands like Berghaus, The North Face and Jack Wolfskin. It's currently owned by JD Sports, which had rescued its previous owner Blacks from administration in 2012 by buying the brand. More store closure news The latest Millets closures come as retailers struggle on the high street. They've faced issues such as reduced customer spending, higher staff costs and increasing bills. They're also having to contend with the rise of online shopping. Clothing brand Monki, which is owned by H&M, is closing its Glasgow store in Buchanan Galleries in August. New Look has also launched a wave of store closures, with 11 branches shutting already in 2025. Its branch in Neath, Wales, is set to close imminently on August 6. Plus Poundland is closing 37 stores in August as part of a wider restructuring plan following its £1 sale to Gordon Brothers earlier this year. You can see the full list of Poundland stores shutting in August here. WhSmith is set to disappear from the high street in the coming months. Its high street arm has been bought by Hobbycraft owner Modella Capital, which is rebranding all the stores to TGJones.
The Sun
16 hours ago
- Business
- The Sun
Major clothing retailer loved by Kate Middleton SOLD for £600,000 to Next after collapsing into administration
A MAJOR clothing retailer loved by Kate Middleton has been sold to Next after collapsing into administration. Maternity fashion brand Seraphine stopped trading earlier this month, leaving the majority of its 95 staff redundant. It appointed appointed administrators Interpath at the start of July. The Seraphine brand and intellectual property has now been sold to next for £600,000. Will Wright, UK CEO of Interpath and joint administrator of Seraphine Limited, said: "We are pleased to have concluded this transaction which preserves the Seraphine brand, and wish the team at Next all the very best for the future." The clothing brand was worn by the Princess of Wales during her three pregnancies. Its popularity soared after she was spotted wearing the designs, and items even started selling out. At its peak, Seraphine had 10 stores around the world including in New York and Paris. Its flagship store was on Kensington High Street in London, and it had also been stocked in John Lewis and Next.
Jordan Times
a day ago
- Business
- Jordan Times
Clothing, fertilisers top list of national exports in 5 months
AMMAN — The Kingdom's exports of clothing, fertilisers, potash and pharmaceutical preparations achieved growth during the first five months of this year, which "directly" contributed to supporting and growing national exports during this period. According to the foreign trade report issued by the Department of Statistics (DoS) and monitored on Wednesday by the Jordan News Agency, Petra, the Kingdom's exports of clothing and accessories grew by 8.8 per cent at the end of May this year, reaching JD665 million, compared with JD611 million for the same period last year. National exports of fertilisers for the end of May this year increased by 8.5 per cent to JD394 million, compared with JD363 million for the same period in 2024, and raw potash increased by 4.8 per cent to record JD198 million, compared with JD189 million for the same period in 2024. Pharmaceutical preparations for the end of May this year increased by 0.9 per cent, reaching JD233 million, compared with JD231 million for the same period last year. At the same time, the national exports of jewellery decreased by 16.8 per cent to reach JD277 million, compared with JD333 million for the same period last year, and phosphate exports decreased by 4.5 per cent, to record JD212 million, compared with JD222 million for the same period last year.
