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…
The U.S. Drug Enforcement Agency (DEA) is taking steps to reclassify marijuana as a less dangerous substance – a move that could be a boon to the nascent legal cannabis industry and potentially a sales-sparker for promotional products companies.
This article originally appeared on ASI. To read more, click here. Executive John Lear has joined the promo market – and he’s doing it with Top 40 supplier Logomark (asi/67866). The Tustin, CA-based firm announced May 1 that Lear has come aboard as chief operating officer. Clive Goldberg had…
Industry veteran Dave Saracino has been named senior vice president of affiliate sales and support at Top 40 distributor iPROMOTEu (asi/232119).
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…
With the Paris Olympics only a few months away, we’re starting to get a look at what fans both in Paris and from afar can purchase from the various e-commerce platforms the IOC is working with. Like other big-ticket international events like the World Cup, the Olympics merchandise reflects on the host city/country and its…
There are more than 100,000 education institutions in the United States. From elementary schools to graduate and specialty schools to everything in-between, all of them need printed forms and labels. But if you want to sell into this market, timing matters. Schools don’t operate on the traditional calendar year. They operate according to the school…
PromoCentric, a leading promotional products company based in Newmarket, New Hampshire, announced the acquisition of Glazer Promos, a well-respected provider of branded merchandise located in Mahwah, New Jersey. This strategic move strengthens and solidifies PromoCentric’s position as a leading promotional product provider in the Northeast, offering clients unmatched support when increasing brand awareness, creating engagement…
Former Gildan CEO Glenn Chamandy is rebuffing a probe into his conduct, claiming a severance payment worth $38 million after being dismissed by the clothing manufacturer.
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…