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Gildan plans buy back, Genesco's shares plunge, Nike gets downgraded

Canadian family apparel supplier Gildan Activewear Inc. (GIL) announced its plan yesterday to buy back shares through private agreements between the company and a third-party seller. Gildan intends to purchase for cancellation up to 1,525,000 of its common shares, which will form part of Gildan's normal course issuer bid which provides...

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