Analyst: Hanesbrands may not follow rival Gildan's strategy of increasing production in US
from Winstom-Salem Journal
he decision by Gildan Activewear Inc. to invest $250 million in new U.S. yarn-spinning plants in two North Carolina counties by mid-2015 raises a curious question. Will Gildan’s renewed interest in the value of U.S. production resonate with rival Hanesbrands Inc., particularly since Gildan’s expansion is taking place within an hour of its backyard of Winston-Salem? After all, Gildan is a leading supplier of branded basic apparel, including T-shirts, fleece, sport shirts, socks and underwear.
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