It really is not important to replace this business revenue. The game is growing earnings and stregthening the balance sheet. You have been smelling too much ink.Maybe you should buy some blanks today while they are still available.
Can't be the vapors. T-shirt ink (plastisol) has no odor. It doesn't dry by evaporation, it cures under heat. I am sure you are right about poor margins but Gildan stands to benefit by a Hanes exit from the space.
I'm not certain it's necessary to recover lost revenue from this part of the business as it is to improve margins. This was a low-margin part of their business and they simply decided to stop chasing these sales. Overall, they concentrate on the higher margin items.
Gildan is in serious trouble and what's the core of their business: Blanks for screen printing.
They should get out of this business as it is a declining market for high quality blanks. The company just does not make low end blanks therefore can not be competitive and make a good return. What i like here is that the management team is relly begining to manage the enterprise as a total business not just chasing sales. Stock has grown very well as a result of their KPI/ goals success.
RETAILexecu, I don't you know what you are talking about. Are you suggesting that Gildan (Anvil), Jerzees, Port Authority and Fruit of the Loom are low end blanks? I don't think you know much about this end of the business.