Expansion into Bangladesh despite downfall

Most of this brand's operations were in Central America and the Caribbean, but now says it has purchased a large land parcel in Bangladesh to build a vertically integrated manufacturing plant. Gildan Activewear is known for its low-cost manufacturing of intimates, socks, and apparel, and is preparing for sales growth in Southeast Asia. For the three months ended March 31 2019, Gildan reported that its net income decreased to US$22.7m from US$67.9m the previous year. Despite revenue down 3.6 percent, Gildan readjusted earnings per share as a guidance for the year.