Operating business57% entry signalMarket screen5 sourced figuresOne thing must be truewillingness to pay

Domestic Knitwear & Hosiery Mill

Prepared 2026-09-18

The industry — Apparel knitting mills

Base industry report for 3151 →
Establishments · CanadaA
39
with employees
Under 10 employeesA
64%
most common size: 1–4
Establishments · USA
196
Employment · USA
8,915
45 per establishment
Payroll · USA
$333M
$37k per employee

Of 39 Canadian establishments with employees, 64% have fewer than ten — mostly small operators.

Entry signal — what decides who wins here

One thing must be true
Structure decides One thing must be true Execution decides

Entry turns on a single condition that can be named and tested before much is spent. Clear it and this becomes an execution question; fail it and no amount of operating skill helps.

What you would have to beat

Prove the value in money the buyer already counts. The need is real; what is unproven is that this buyer moves budget for it. That is a priced test with real customers, not a product problem.

How it was read
Binding constraintUNVERIFIEDwillingness to pay — Executional — a better operator can move it.
How fragmented the field isA64% of establishments have fewer than ten employees — Fragmented — there is share to take and no scale operator to displace.
What it costs to be in the businessUNVERIFIEDmedium capital — The structural profile of subsector 315, inherited by every industry beneath it.
How many new establishments are still tradingA
Manufacturing, US · opened 2020
86.2%
1 year
70.8%
3 years
58.4%
5 years
45.3%
10 years
opened 2015

Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.

This is not a probability of success, and it is not a verdict on you. No survival probability is published per market, and inventing one would be worse than saying so. What the bar reads is how much of the outcome sits inside an operator's control: green means the hurdles are ones a better operator clears, red means the binding constraint is capital, an asset or a permission rather than execution. Someone arriving with an advantage this screen did not assume can win a market shown in red.

Companies named in this market · 4

The binding constraint — willingness to pay

Canada has a world-scale knitter, and it is the reason not to start one. Gildan, headquartered in Montreal, reported 2025 net sales of $3,619M, up 11%, at a 31.2% gross margin and a 21.5% adjusted operating margin [A], from what it describes as vertically integrated, large-scale plants located primarily in Central America, the Caribbean, North America and Asia — and it closed the purchase of HanesBrands on 1 December 2025. Its sales to Canada alone were US$125.0M [A]. The entire Canadian apparel-knitting industry made C$108.7M in 2024, down from C$212.0M in 2015 [A]. So the country's own champion sells more into Canada than every Canadian knitting mill produces, from a plant network built mostly abroad. The pre-screen cut this on plant, but plant is not the binding problem: 25 of the 39 establishments have fewer than ten employees, and two-thirds sit in Quebec's old hosiery and sweater trade. The cut is willingness to pay. The buyer of a T-shirt, a sock or a fleece carries a reference price set by a company earning thirty-one points of gross margin at that price. A domestic mill survives only on buyers who will pay a multiple for provenance, a uniform contract or a fast small run — and an industry that has halved in nine years is the measure of how many there are. The software sold to apparel makers is screened separately.

Market scaleinternational

Knit apparel is a shipped good priced against vertically integrated offshore production — Gildan's own plants are the example. A Canadian mill sells to Canadian brands, uniform buyers and its own direct customers, but every one of them can buy the same garment from a supplier abroad, so the competitive geography is international.

Canadian establishments with employeesA 39 (Statistics Canada, December 2023) — 25 have fewer than ten employees; 26 are in Quebec
Apparel knitting mills — total revenueA C$108.7M in 2024 against C$104.9M of expenses; C$212.0M in 2015 (Annual Survey of Manufacturing and Logging Industries, table 16-10-0117-01, 2024 preliminary)
Gildan net sales from continuing operations, 2025A US$3,619M, up 11%; US$3,403M excluding HanesBrands' US$217M from 1 to 28 December 2025
Gildan margins, 2025A Gross margin 31.2%; adjusted operating margin 21.5%
Gildan net sales to Canada, 2025A US$125.0M of the total, up 16.2%
US establishments and employment, 2022A 196 establishments, 8,915 employees — about 45 per mill (County Business Patterns)
I

Who you would be competing with

The operators already at scale here, and whoever is buying these businesses. In most of these industries the competition an entrant meets is local, so this is who sets the terms rather than a list of everyone in the trade.

Largest operator
Gildan Activewear (NYSE/TSX: GIL), headquartered in Montreal — a Canadian company whose plants are mostly not in Canada
Scale
2025 net sales from continuing operations US$3,619M, up 11%, at a 31.2% gross margin and a 21.5% adjusted operating margin, from plants it describes as located primarily in Central America, the Caribbean, North America and Asia. It closed the HanesBrands purchase on 1 December 2025.
Concentration
Not published, and a share figure would understate it. Gildan's US$125.0M of sales into Canada alone exceeds the entire Canadian apparel-knitting industry's C$108.7M of revenue — the comparison is an order of magnitude, not a share.
Others in the field
HanesBrands, now inside Gildan; Fruit of the Loom and the other US basics brands; offshore contract knitters, which are the real alternative for any buyer; and the Canadian survivors — Stanfield's in Truro, Nova Scotia, and Montreal knitters such as Tricots Liesse.
Lock-in mechanism
None on the mill's side. A buyer's switching cost is a sample and a price list, which is why provenance, a uniform contract or a fast short run is the only thing a Canadian mill can be paid extra for.
Price movement
Not measured for Canadian mills. The reference price is set by a competitor earning 31.2 points of gross margin at it, and Canadian apparel-knitting revenue halved from C$212.0M in 2015 to C$108.7M in 2024.
Is the buyer consolidating?
Yes — At the top of the trade, not at the bottom. Gildan bought HanesBrands and closed on 1 December 2025, adding US$217M of net sales in the four weeks to 28 December. Nobody was found buying a Canadian knitting mill, and no price for one is published.
F

Financials & market size — sourced

Figures that came from a filing, a results release or reputable reporting, each carrying its evidence tier.

Gildan net sales from continuing operations, 2025A US$3,619M, up 11%; US$3,403M excluding HanesBrands' US$217M from 1 to 28 December 2025
Gildan margins, 2025A Gross margin 31.2%; adjusted operating margin 21.5%
Gildan net sales to Canada, 2025A US$125.0M of the total, up 16.2%
Canadian apparel knitting mills — total revenueA C$108.7M in 2024 against C$104.9M of expenses; C$212.0M in 2015 (Annual Survey of Manufacturing and Logging Industries, table 16-10-0117-01, 2024 preliminary)
Canadian operators' disclosureA Not applicable — no surviving Canadian knitting mill publishes revenue, so no Canadian operator figure appears above
$

Market size, derived

Built from the competitor set upward rather than quoted from a forecast. Published TAMs in these categories are frequently reverse-engineered from each other, so any published figure is checked against the vendor arithmetic rather than trusted on its own.

Revenue floor
$3.6B

Disclosed revenue from 1 of 4 named vendors. The market is at least this large.

Implied total — revenue ÷ share
—

No vendor has both a disclosed revenue and a published share.

Published forecast
—Floor only

Only a revenue floor is known — the true market is larger by whatever the undisclosed vendors earn.

Competitor set · 4 named · 1 disclose revenue

NameRevenueShareNote
Gildan ActivewearNYSE/TSX: GILA $3.6B — 2025 net sales from continuing operations, up 11% — Montreal-headquartered and vertically integrated, with plants primarily in Central America, the Caribbean, North America and Asia. Its US$125.0M of Canadian sales alone exceeds the whole Canadian industry's factory revenue
HanesBrandsA not disclosed — Acquired by Gildan, closed 1 December 2025; contributed US$217M of net sales from 1 to 28 December 2025. No longer an independent competitor
Stanfield'sC not disclosed — Truro, Nova Scotia — the best-known surviving Canadian knitter. Privately held and publishes nothing; Nova Scotia carries one establishment in the count
Tricots LiesseC not disclosed — Montreal knitter on the Canadian Textiles Industry Association's published member list. Privately held; no revenue published and no research beyond the listing

Evidence

Evidence. Gildan's sales, margins, geographic split, HanesBrands closing date and the description of where its plants are were read in its full-year 2025 results release as furnished on Form 6-K [A]. Canadian industry revenue is from Statistics Canada's Annual Survey of Manufacturing and Logging Industries, table 16-10-0117-01, 2024 preliminary [A]. The comparison has limits: Gildan's Canadian sales are in US dollars and include printwear blanks, underwear and socks at wholesale, while the industry figure is Canadian-dollar factory revenue — they show an order of magnitude, not a market share. Whether Gildan knits anything in Canada was not checked. That surviving mills live on provenance, uniforms and short runs is UNVERIFIED trade knowledge; no surviving Canadian mill discloses revenue. The cut factor is analyst judgment. The competitive field added later names the Canadian survivors: Tricots Liesse from the Canadian Textiles Industry Association's published member list [B], and Stanfield's from general knowledge of the trade [C]. Neither publishes revenue, employment or capacity, and neither was researched beyond that; their place on the record is as names, not as sized competitors.

#

Where the industry talks

The associations, forums and events where people in this trade actually talk shop — where to listen before entering, and where the first customers are found. Each link was opened on the date shown.

AssociationCanadaA
Canadian Apparel Federation (CAF)
caf-fcv.ca

National apparel-industry association: government relations, customs and trade, product compliance, HR/training, Canadian apparel directory. No member count stated.

Checked 2026-09-22
AssociationQuebecA
mmode - Grappe metropolitaine de la mode
mmode.ca

Montreal fashion-industry cluster (non-profit); says about 250 industry actors join each year; runs Premiere Vision Montreal and export programs. French-language site.

Checked 2026-09-22
AssociationUSA
American Apparel & Footwear Association (AAFA)
aafaglobal.org · 1,100 members (2026-09)

Brands represented ('more than 1,100 world famous name brands' per homepage); trade, sourcing and brand-protection policy body.

Checked 2026-09-22
AssociationUSA
National Council of Textile Organizations (NCTO)
ncto.org

Washington lobby for US textile mills including knitters and yarn spinners; trade-policy and Berry Amendment advocacy. No member count stated.

Checked 2026-09-22
AssociationUSA
SEAMS Association
seams.org · 200 members (2026-09)

Member companies ('more than 200' brands, retailers, manufacturers and textile providers per homepage); US sewn-products / Made in America network with a Fall Networking Conference.

Checked 2026-09-22
PublicationInternationalA
Knitting Industry
knittingindustry.com

UK-published (Inside Textiles Ltd) trade news site for circular and flat knitting and hosiery technology; weekly newsletter; articles dated Sept 2026.

Checked 2026-09-22
PublicationUSA
Textile World
textileworld.com

US textile-industry trade magazine (Textile Industries Media Group); fibre, knitting and finishing technology; articles dated Sept 21 2026.

Checked 2026-09-22
EventCanadaA
Apparel Textile Sourcing Canada
appareltextilesourcing.com

Canada's apparel and textile sourcing show; Sept 23-25 2026 at The International Centre (Mississauga). Site fetched with a certificate warning but content confirmed.

Checked 2026-09-22

The Hosiery Association (thehosieryassociation.org) no longer resolves; there is no live hosiery-specific association in North America that could be verified.

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Software serving this industry

Vertical software markets filed along the same branch of NAICS — who sells to these businesses, and who an entrant would have to displace.