The focus, analysts say, now turns to the Canadian clothing maker’s ability to bring growth back from a period of stagnating demand and lift the stock out of its slump.
GameStop has completed the share offering it launched a week ago in the wake of a stock rally, saying it sold the maximum number of shares it had registered for $933.4 million in proceeds.
Gildan Activewear said Glenn Chamandy, the company’s former CEO, will return as CEO following the resignation Thursday evening of Vince Tyra, president and CEO, and the entire board of directors.