Gildan executives said American Apparel can make good on their $88 million investment in the brand.
The company posted a $7.3M gain in connection with a settlement over unearned incentive compensation from former ceo Neil Cole.
The Victoria’s Secret chain saw a 20 percent comp decline in February.
While analysts said there were some positives during the quarter, top-line growth remained challenged.
The S&P Retailing Industry Group Index is up 6 percent for the year.
Money from the private equity firm will help the Latin American brand make a global play.
Soma was its best-performing business segment.
It continued to reduce its retail network, with controlled square footage shrinking by nearly 17 percent in a year.