Gildan’s Sales & Earnings Decline in Q1 as Proxy Fight Continues

As a battle with activist investors and co-founder/former CEO Glenn Chamandy continues, Top 40 supplier Gildan (asi/56842) reported Wednesday, May 1, that its sales dropped 1% and its net earnings were down about 20% year over year in the first quarter of 2024. The financial report comes as the publicly traded apparel manufacturer is reportedly…

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Wise Business Forms Acquires Phoenix Data Inc.

Wise Business Forms, Alpharetta, Georgia, announced yesterday that it has acquired Phoenix Data Forms, a print supplier based in Montgomery, Pennsylvania, that specializes in business forms and similar print products. The deal was affective as of April 30, 2024. In a statement issued by Wise, the company said that the acquisition will provide former Phoenix…

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FTC Fines William-Sonoma $3.1M Over ‘Made In USA’ Fraud

William-Sonoma will have to pay $3.1 million after the FTC ruled that the retailer had falsely been listing items as made in the U.S. In a release sent last week, the FTC and U.S. Department of Justice violated a 2020 order that required retailers to be transparent about whether their products were made domestically or…

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PPM Podcast: The Neuroscience of Touch

Listen in as Groh speaks with Brendan Menapace about how printers, distributors, and suppliers can take the tactile nature of their products to the next level, whether they’re working with paper, plastic, or cotton, with the help of science.

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