All HanesBrands articles
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ArticleHanesBrands reports progress towards sustainability goals in 2023 Summary
HanesBrands Inc. has disclosed substantial progress towards its sustainability objectives in the 2023 Sustainability Summary Report. The report underscores the strides made across its brands like Hanes, Champion, Bonds, Maidenform, and Bali, underlining commitments to People, Planet, and Product. The company achieved noteworthy milestones in 2023, securing approval on its ...
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News briefsAuthentic Brands Group nears deal to acquire Champion?
After months of anticipation, it appears that Hanesbrands, Inc.’s Champion brand is on the verge of being acquired by Authentic Brands Group (Authentic). According to a source familiar with the negotiations, reported by Women’s Wear Daily (WWD), Authentic has emerged as the winning bidder in the sale process, with the ...
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ArticleHanesBrands plots next moves for Champion business
Stephen Bratspies, CEO of HanesBrands, hinted about strategic alternatives for the company’s flagging Champion business but offered few specifics when speaking to analysts during the apparel company’s year-end conference call. “[…] the process is progressing as expected,” Bratspies commented, adding, “We continue to evaluate the right path forward as ...
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News briefsHanesBrands closes distribution center in North Carolina
As reported by businessnc.com, HanesBrands is shutting down operations at its distribution center in Winston-Salem, North Carolina, USA, as the company streamlines its operations. This is the third major cost-cutting measure at HanesBrands since last January. The closure of the facility will cost 159 jobs – the fourth set of ...
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News briefsHanesBrands receives $20.5 million insurance compensation for 2022 ransomware attack
HanesBrands Inc. has received $20.5 million in insurance compensation for the 2022 ransomware attack that cost the company around $100 million in global sales. The apparel manufacturer disclosed the insurance payout in its third-quarter regulatory filing with the U.S. Securities and Exchange Commission (SEC), as the payment represents compensation for ...
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ArticleThree new independent directors for HanesBrands
HanesBrands has appointed three new independent directors to its Board of Directors. Colin Browne, Natasha Chand and John Mehas will take on the new roles, effective immediately. With these appointments, the company’s board will temporarily expand to 13 directors before returning to 10 directors effective at the 2024 annual meeting ...
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News briefsHanesBrands’ activewear operating profit slips by 54 percent in Q3
Operating profit for HanesBrands’ Activewear segment fell 54 percent to $24,853,000 from $53,491,000 for the period ended Sep. 30. Activewear sales tumbled 17 percent to $383,600,000 from $461,043,000 as the segment experienced declines across most channels and brands that were driven by ongoing category headwinds, soft consumer demand and excess ...
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News briefsWHP Global and Authentic reportedly interested in buying Champion
WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company HanesBrands, according to a report by CNBC. Sources also said, however, that a deal is not close to completion, and if HanesBrands ever moves forward, it will not select a buyer until 2024. WHP ...
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Infographics & DataSports apparel market 2022: Global revenue and market shares
Short on time, but want a summary of the global sports apparel market sales and revenue in 2022? Our infographic has the numbers for 29 big names.
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q2 2023
Facing difficult year-over-year comparisons in many cases, 2/3 of entrants reported lower sales from Q2 2022. Find out more with our scorecard.
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News briefsHanesBrands evaluates strategic options for its Champion brand, weighs potential sale
HanesBrands has announced that its board and executive team are assessing strategic options for the global Champion business, including “a potential sale or other strategic transaction,” the company said in a statement. That does not mean that the assessment process will result in any particular transaction or strategic outcome regarding ...
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News briefsHanesBrands and G-III announce licensing agreement for Champion, C9 Champion outerwear
HanesBrands and G-III Apparel Group have entered into a strategic, multi-year licensing agreement for the design, production and distribution of outerwear for the Champion and C9 Champion brands in North America, which includes exploring opportunities in Champion’s global network as a key partner. “G-III’s proven track record in category expansion ...
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ArticleChampion drags down Hanesbrands in Q2
Hanesbrands senior management described Champion’s European business as “holding ground” in a tough market with a challenged consumer, with Footwear performing well. However global sales are down and the company has announced measures to move forward the purpose of the brand and revised its FY23 outlook. Champion under pressure in ...
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ArticleActivist investor wants changes at Hanesbrands
Barington Capital Group, a New York hedge fund manager, fired off a five-page letter to Hanesbrands’ Chairman Ronald L. Nelson on Aug. 7 demanding significant changes at the apparel firm and parent of Champion. The activist investor, led by James Mitarotonda, wants the underwear and activewear company to create long-term ...
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Infographics & DataYear-on-year DTC sales growth 2022
How do the 2022 DTC sales at some of the biggest sporting goods companies compare with 2020 and 2021? We have the numbers for Nike, Adidas and more.
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News briefsInterim CFO of HanesBrands assumes permanent role
Source: HanesBrands Scott Lewis Champion’s parent company HanesBrands announced that Interim Chief Financial Officer Scott Lewis has been appointed Chief Financial Officer, effective immediately. Lewis will also continue in his role as Chief Accounting Officer, a position he has held since 2015. A 17-year veteran of HanesBrands ...
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Infographics & DataSporting goods industry inventory levels Q1 2023
The Q1 numbers are in, and we focus on inventory. Download our infographic of inventory levels at 18 of the biggest Sporting Goods Industry companies.
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AnalysisAnalysis: The latest inventory levels in the Sporting Goods Industry, Q1 2023
The Q1 numbers are in, and it’s time to talk inventory. Read our analysis from industry experts and get the latest inventory numbers in full.
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Infographics & DataSales per employee 2022 at sporting goods companies
Our downloadable infographic has employee numbers and sales per employee at 25 of some of the world’s biggest sporting goods companies.
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ArticleAnalysis: Double-digit increase in sales per employee in 2022
We bring you employee numbers at the world’s biggest sporting goods companies, sales per employee, and how these compare with other industries.
