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Textile Outlook International
Issue 136:
July-August 2008

Product Overview
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Reports in this issue
Editorial: Crisis Hits China's Clothing Industry (3 pages)
Profile of Gildan: A Vertically Integrated Producer of Low Cost Activewear, Underwear and Socks (14 pages)
Survey of the European Yarn Fairs for Autumn/Winter 2009/10 (11 pages)
Trends in EU textile and clothing imports, July-August 2008 (58 pages)
World markets for textile machinery: part 1 -- yarn manufacture, July-August 2008 (36 pages)
Prospects for the Textile and Clothing Industry in the Czech Republic (20 pages)

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Profile of Gildan: A Vertically Integrated Producer of Low Cost Activewear, Underwear and Socks

Buy 'Profile of Gildan: A Vertically Integrated Producer of Low Cost Activewear, Underwear and Socks' now 14 pages, published in Issue 136, July-August 2008  
Report price: Euro 395.00; US$ 520.00  

Gildan Activewear is a vertically integrated supplier of activewear, men?s and boys? underwear, and socks. The company claims to be the leading supplier of activewear to the wholesale imprinted sportswear market in North America as well as being a leading supplier in Europe. Its core business is the manufacture of basic activewear which is made in ?blank? form and sold to wholesale distributors.

Gildan?s headquarters are in Canada but most of its manufacturing operations are now in low cost countries. The company has successfully built up two low cost manufacturing hubs?one in Central America, comprising operations in Honduras and Nicaragua, and the other in the Caribbean Basin with operations in the Dominican Republic and Haiti. Almost 60% of its 15,000 employees are located at its biggest integrated facility, in Rio Nance, Honduras. The facility houses a range of manufacturing activities, including knitting, bleaching, dyeing, finishing and cutting, as well as sewing. Gildan has ambitious plans, and in 2008/09 it aims to invest US$160 mn in expanding its capacity at the facility. When complete, the plant will have the capacity to produce about 51 mn dozen pieces of activewear and underwear per annum.

Gildan has enjoyed strong revenue growth in recent years. In 2006/07 alone its net revenues rose by 24.7% to US$964.4 mn, having risen each year since 2002/03. However, the company has a number of weaknesses. For example, its markets are extremely competitive and margins tend to be very small. The company competes on the basis of price and reliability, and relies on cost reduction and large volumes to remain profitable. Also, most of its sales are in the hands of a few customers. In 2006/07 one customer alone accounted for almost a quarter of total sales while its top ten customers represented almost two thirds. To address this issue, the company has acquired Kentucky Derby and V I Prewett & Son to strengthen its position with large US retailers.

A further weakness is Gildan?s dependence on a few geographical markets. The company is seeking to diversify geographically and is building up sales in Australia, China, Japan and New Zealand. But with 88.4% of total revenues generated in the US market alone in 2006/07, the company still has some way to go.

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Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries ? and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
 country profiles ? providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
 company profiles ? giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
 trends in world textile and apparel trade and production ? taking into account current issues facing the industry ? such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
 trends in EU and US imports of textiles and clothing ? providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
 innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing ? in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing ? or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
Textile Outlook International is available on subscription ? either in printed format only, or in printed and electronic format. If you choose the printed only option, you will receive 6 printed publications a year, containing a total of 30 reports plus editorials written by Robin Anson, our editorial director and in-house industry expert.
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In addition, you will be able to download PDF files containing the same information ? but the PDF files will be available immediately on publication, so you don?t have to wait for the printing and mailing. You also have all the benefits of electronic files: instant access even when you are away from the office; convenient storage in your PC or laptop; portability; electronic search facility; and copy/paste facility.

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