Gildan Activewear partners with S&S Activewear as the exclusive distributor for Canadian imprintables, effective December 28, 2025.
Quiver AI Summary
Gildan Activewear Inc. has announced the selection of S&S Activewear as the exclusive wholesale distributor for its brand portfolio in the Canadian imprintables market, effective December 28, 2025. This partnership aims to enhance product availability and service for Gildan's customers in Canada through S&S's extensive distribution network. Gildan's Chief Operating Officer, Chuck Ward, expressed enthusiasm about strengthening the collaboration, while S&S highlighted the benefits of having Gildan's recognizable brands in their offerings and improved inventory access for decorators across Canada. Both companies reaffirmed their commitment to long-term partnership and investment in the Canadian market.
Potential Positives
- Gildan has selected S&S Activewear as the exclusive wholesale distributor for its brand portfolio in the Canadian imprintables market, enhancing its market position.
- The partnership is expected to improve product availability and streamline ordering processes for Canadian customers, demonstrating Gildan's commitment to customer service.
- The move reflects Gildan's long-standing strategic partnership with S&S Activewear, indicating trust and collaboration between the two companies.
- The agreement is set to take effect on December 28, 2025, allowing Gildan to strategically plan for the transition and capitalize on the expanded distribution network.
Potential Negatives
- The press release does not address potential challenges or risks associated with the exclusive partnership with S&S Activewear, which could lead to dependency on a single distributor in the Canadian market.
- There is no mention of how this partnership might impact Gildan's existing distribution networks or relationships with other partners, which could alienate other stakeholders in the market.
- The effective date of the partnership is set for December 28, 2025, leaving a significant gap where there might be uncertainty for customers regarding product availability and distribution strategy.
FAQ
What is the new partnership between Gildan and S&S Activewear?
Gildan has selected S&S Activewear as the exclusive wholesale distributor for its brands in the Canadian imprintables market.
When will the partnership between Gildan and S&S Activewear take effect?
The exclusive partnership arrangement will be effective starting December 28, 2025.
What brands will S&S Activewear distribute in Canada?
S&S Activewear will distribute Gildan®, Comfort Colors®, American Apparel®, and Champion® brands in Canada.
How will this partnership benefit Gildan's Canadian customers?
The partnership will improve product availability, service speed, and streamline the ordering process for customers in Canada.
What is Gildan's commitment to sustainability?
Gildan operates with strong labor, environmental, and governance practices as part of its comprehensive ESG program.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GIL Hedge Fund Activity
We have seen 152 institutional investors add shares of $GIL stock to their portfolio, and 166 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANUS HENDERSON GROUP PLC added 2,804,807 shares (+40.2%) to their portfolio in Q1 2025, for an estimated $124,028,565
- COLISEUM CAPITAL MANAGEMENT, LLC removed 2,666,300 shares (-59.9%) from their portfolio in Q1 2025, for an estimated $117,903,786
- FMR LLC removed 1,786,613 shares (-30.1%) from their portfolio in Q1 2025, for an estimated $79,004,026
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- MANUFACTURERS LIFE INSURANCE COMPANY, THE added 1,189,921 shares (+67.2%) to their portfolio in Q1 2025, for an estimated $52,618,306
- TURTLE CREEK ASSET MANAGEMENT INC. removed 865,650 shares (-33.2%) from their portfolio in Q1 2025, for an estimated $38,279,043
- MORGAN STANLEY added 799,602 shares (+63.9%) to their portfolio in Q1 2025, for an estimated $35,358,400
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$GIL Analyst Ratings
Wall Street analysts have issued reports on $GIL in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- RBC Capital issued a "Outperform" rating on 08/05/2025
- Scotiabank issued a "Sector Outperform" rating on 08/01/2025
- CIBC issued a "Outperformer" rating on 08/01/2025
- UBS issued a "Buy" rating on 07/29/2025
- TD Securities issued a "Buy" rating on 04/30/2025
- Barclays issued a "Overweight" rating on 04/28/2025
- BMO Capital issued a "Outperform" rating on 02/20/2025
To track analyst ratings and price targets for $GIL, check out Quiver Quantitative's $GIL forecast page.
$GIL Price Targets
Multiple analysts have issued price targets for $GIL recently. We have seen 7 analysts offer price targets for $GIL in the last 6 months, with a median target of $60.0.
Here are some recent targets:
- Ryland Conrad from RBC Capital set a target price of $61.0 on 08/05/2025
- An analyst from CIBC set a target price of $60.0 on 08/01/2025
- Paul Kearney from Barclays set a target price of $56.0 on 08/01/2025
- John Zamparo from Scotiabank set a target price of $59.0 on 08/01/2025
- Jay Sole from UBS set a target price of $70.0 on 07/29/2025
- Brian Morrison from TD Securities set a target price of $60.0 on 04/30/2025
- Stephen MacLeod from BMO Capital set a target price of $64.0 on 02/20/2025
Full Release
MONTREAL, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) is pleased to announce that it has selected S&S Activewear as the exclusive wholesale distributor of the Company’s portfolio of brands – Gildan ® , Comfort Colors ® , American Apparel ® , and Champion ® – in the Canadian imprintables market.
“S&S Activewear has been a valuable business collaborator in Canada, and we are excited to strengthen this partnership,” said Chuck Ward, Chief Operating Officer at Gildan. “By aligning Gildan’s Canadian product supply capabilities with S&S Activewear’s robust distribution network, Gildan’s Canadian customers will benefit from improved product availability, swift service, and a streamlined ordering process.”
S&S Activewear conveyed similar excitement, emphasizing the opportunity to better serve Canadian decorators with an expanded brand portfolio and strong infrastructure.
“Gildan’s brands are among the most iconic and recognizable in our industry and we’re excited to bring this powerful portfolio together under one roof,” said Craig Ryan, Vice President of Commercial – Canada at S&S. “With increased inventory depth across our Canadian network—reaching over 99 % of the population with one and two-day service—S&S is enhancing access and reliability for customers nationwide.”
“Gildan has been a trusted and strategic partner for years, and we’re proud to take this next step together,” said Frank Myers, CEO of S&S Activewear. “This expanded agreement reflects the strength of our partnership across North America and our continued investment in the Canadian market. ”
This exclusive partnership arrangement will be effective December 28, 2025.
About Gildan
Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan ® , American Apparel ® , Comfort Colors ® , GOLDTOE ® , and Peds ® , and under an exclusive licensing agreement for the printwear channel for Champion ® .
Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com .
About S&S
Founded in 1988 and headquartered in Bolingbrook, Illinois, S&S Activewear is a leading technology-enabled distributor of apparel and accessories in the United States and Canada. S&S offers more than 100 brands, including basic garments to fashion-forward styles, with over 6 million square feet of warehouse space across North America. S&S services a broad range of customers through its nationwide network, including retail brands, e-commerce companies, garment decorators, promotional products distributors, entertainment merchandisers, lifestyle brands and web-based platforms for apparel customization.
Investor inquiries:
Jessy Hayem, CFA Senior Vice-President, Head of Investor Relations and Global Communications (514) 744-8511 [email protected] |
Media inquiries:
Genevieve Gosselin Director, Global Communications and Corporate Marketing (514) 343-8814 [email protected] |