textile

Gildan Activewear is closing its operations in Mexico and laying off 1,700 employees at two plants in Sonora, the state across the U.S.-Mexico border from Arizona. "As we looked at our cost structure in the future, we feel that we can achieve a much lower cost by limiting the facilities," CEO...

A team of analysts at Morgan Stanley concluded that lower gas prices help apparel, footwear and textile companies that typically serve lower-income consumers. In a research report published this week, the analysts state that higher-income consumers spend a small percentage of total income on...