It depends on what you mean.
Were the shirts filled with lots of colors and maybe interesting designs (like Hawaiian flowers or something)? Then use colorful.
Were the shirts dyed so that they were not black or white? Then use colored.
Do you say colorful or colored shirts?
3 answers
Colored shirts
http://www.google.com/search?q=colored+shirts&hl=en&prmd=ivns&tbm=isch&tbo=u&source=univ&sa=X&ei=BOjcTe3_A8rr0QGVw6DCDw&ved=0CGAQsAQ&biw=1024&bih=413
http://www.google.com/search?q=colored+shirts&hl=en&prmd=ivns&tbm=isch&tbo=u&source=univ&sa=X&ei=BOjcTe3_A8rr0QGVw6DCDw&ved=0CGAQsAQ&biw=1024&bih=413
Colorful shirts
http://www.tiedyes.com/tiedyedteesrf.html
http://www.ed-hardy-best.org/images/ed-hardy-mens-shirts/ed-hardy-colorful-shirts-online-sale.jpg
http://www.tiedyes.com/tiedyedteesrf.html
http://www.ed-hardy-best.org/images/ed-hardy-mens-shirts/ed-hardy-colorful-shirts-online-sale.jpg