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Gildan products displayed at their annual general meeting in Montreal on January 31, 2008.
Gildan products displayed at their annual general meeting in Montreal on January 31, 2008.
(Christinne Muschi For The Globe and Mail)

Gildan’s ladies legwear acquisition likely to extend wild run

Let this be a lesson to anyone with a heavy resource focus in their portfolio: There is big money to be made in Canadian retail.

Gildan Activewear Inc. manufactures clothes and markets them under its own brands, as well as making clothes under license for brands like Under Armour and New Balance. The company doesn’t garner much press, especially compared with Lululemon Athletica Inc. despite having a bigger market value. But lately, Gildan’s stock has become more than worthy of everyone’s attention.