Time to clarify some things about the bankruptcy of American Apparel and the potential purchase by Gildan. Reports in many media outlets that Gildan has bought American Apparel are false, or at least not entirely accurate. They have bid on certain assets but you would not say that it is a done deal. 2. American Apparel retail…
Rick Medlin the President and CEO of Fruit of the Loom passed away of natural causes yesterday November 27th, 2016 “The entire Fruit of the Loom, Inc. team worldwide, with nearly 30,000 employees, is incredibly saddened by the loss of their sincere and principled leader. “Rick was a special leader and a special person. He…
The photo of pallets loaded with boxes is of World Series championship shirts headed to retailers. No such luck for the Indians this year. Future Hall of Fame lock GM Theo Epstein’s Cubbies triumphed over the overachieving Terry Francona led Indians. It took not just 7 full games but an extra inning of high drama…
Barry Chouinard died last night of a massive heart attack while awaiting heart surgery. He was a good friend and I’ll miss him, and he was a good friend to lots of folks that will miss him. He sold his company Comfort Colors to Gildan about a year ago and was working on all kinds…
Donald Trump famously said he wants to build a big wall between Mexico and the USA and that they don’t know it but the Mexicans will pay for it. A Mexican brewery decided to turn the tables on Trump and has been selling shirts that look like shirts that support Trump, but when exposed to…
In retail we hear about the fact that on-line selling is replacing brick & mortar stores. Now that dynamic is even hitting rock concerts only lon-line sales are replacing canvas & folding table merch operations. Ten percent of the sales at the 2016 Farm Aid concert were done on-line. Wait in lines of up to 30…
The Chicago Tribune is reporting that the Chicago Cubs and Major League Baseball are about to make a massive crackdown on copyright violations (whether real or perceived) in the coming weeks. The Major League Baseball Playoffs are upon us and big bucks are at stake. Where big bucks are at stake, you always will find…
Paula Schneider resigned as CEO of American Apparel. She served that post only since early 2015. Lawyer Chelsea Grayson has been named by the Board at new CEO. Ms. Grayson had been serving as the American Apparel General Counsel and Chief Administrative Officer. We received a copy of the letter distributed to employees. The one page…
Gildan just announced purchase of socks company Peds for $55 million (American not Canadian dollars…) This comes on the heels of their acquisitions in the past few years of Anvil, Comfort Colors, New Buffalo Shirt Company, and most recently Alstyle Apparel. Peds was in the news recently for “reshoring” some of their knitting. They brought…
Hanes and Champion have a new site at hanesink.com for ordering a shirt, focused on all high schools and colleges. I guess it might cut into the businesses of a few people, but mostly it seems like it might lead to less aggravation and more business for most of us. If somebody wants a single shirt for…
