Although we were able to sequentially increase our market share to approximately 63% compared to approximately 58% in the first quarter according to the CREST report. Replenishment of Gildan inventories in the distributor channel was lower than in the second quarter of fiscal 2010. At the end of the quarter, our share of distributor inventory was 52% compared to our market share of 63%, and we currently continue to have a significant open order position.We continue to achieve good growth in international and other screenprint market despite of our low inventory levels and capacity constraints. Sales of socks were down by 24% due to lower retailer inventory replenishment, the discontinuation of a large uneconomic soft program in the third quarter of fiscal 2010 and a lower valued more basic product mix.
Gildan Activewear's CEO Discusses Q2 2011 Results - Earnings Call Transcript
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