All HanesBrands articles – Page 2
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Infographics & DataSGI Sporting Goods Scorecard Q1 2023
How did Apparel, Footwear, Equipment and Retail perform in the first quarter of 2023? Our Sporting Goods Industry Scorecard has the answer.
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AnalysisThe top sporting goods industry performers by sales and profit Q1 2023
Our 2023 Q1 Scorecard includes the revenue and profit development of 48 sporting goods companies, as well as the headlines and analysis
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ArticleSporting Goods 2022 – The top companies worldwide by sales and profit
Our updated 2022 Sporting Goods Scorecard brings you the industry winners, with revenue & profit development of 47 sporting goods companies.
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ArticleLong-term growth outlook for Champion is solid despite current challenges
Hanesbrands, the Champion parent, is excited about the long-term outlook for the activewear brand despite current brand challenges in the U.S. and China. Besides facing lower sell-in shipments in China in Q1, Champion’s business was negatively impacted in its home U.S. market by a slowdown in consumer spending and high ...
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Article10 years since the Rana Plaza tragedy: Has anything changed?
The apparel industry in Bangladesh employs 4 million garment workers. 10 years on from the Rana Plaza disaster, have conditions improved?
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ArticleHanesBrands launches global sustainability pledge for its employees
HanesBrands Inc, the owner of Champion, has released its 2022 Sustainability Summary Report, highlighting significant achievements in the areas of People, Planet and Product, and in creating more sustainable products. “HanesBrands continues to build on our leadership position in sustainability by improving the lives of people, protecting ...
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Infographics & DataSGI Sporting Goods Scorecard Q4 2022
Find out whose sales are up and whose profits are down in Q4 2022 in our exclusive analysis of the sporting goods industry’s largest players.
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AnalysisAnalysis: Taking stock of sporting goods inventory levels
Our exclusive analysis of the inventory levels of some of the industry’s biggest brands, including how some are responding to the challenges
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Infographics & DataSporting goods company inventory levels in Q4 2022
We’ve compiled inventory levels at the top sporting goods companies in Q4 2022. Found out how they compare with 2021 and across the industry
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News briefsHanesBrands appoints president for Champion Europe
Source: Business Wire Lorenzo Moretti, new President of Champion Europe HanesBrands announced that Lorenzo Moretti has been appointed president of Champion Europe, effective July 2023. Moretti will lead Champion Europe’s direct-to-consumer business and build on the company’s strong position in wholesale channels. The focus is on growing ...
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News briefsHanesBrands completes refinancing of 2024 maturities; closes $900m Term Loan B financing
HanesBrands has completed the refinancing of the last remaining series of its 2024 notes. The company said it successfully closed on an upsized new senior secured Term Loan B facility with an aggregate principal amount of $900 million. The net proceeds from the Term Loan B facility, together with the ...
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News briefsHanesBrands appoints global supply chain expert to board of directors
Source: HanesBrands Mark Irvin HanesBrands has appointed Mark Irvin to the company’s board of directors. Bobby J. Griffin, who has served on the board since 2006, plans to retire from the board when his current term ends at the 2023 annual meeting. Irvin is executive vice president ...
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ArticleHanesbrands shifts capital allocation strategy, shares plunge
Hanesbrands, the Champion parent, faced with numerous near-term challenges that are not expected to wane during H1, has lowered its guidance and eliminated its quarterly dividend, as it aims to accelerate debt reduction and shore up its balance sheet.
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News briefsHanesbrands plans layoffs
Hanesbrands, scheduled to report Q4 results next week, intends to terminate an unspecified number of staff members at its corporate headquarters in Winston-Salem, NC. In a statement to a local newspaper, the apparel firm confirmed a challenging operating environment is prompting the need for the job and other expense cuts.
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News briefsHanesBrands raises Q4 outlook and announces CFO departure
HanesBrands, the parent company of Champion and other apparel brands, has announced that it expects fourth-quarter 2022 sales to be slightly above the top end of its outlook range. The company has also adjusted operating profit at the midpoint of the range. Its fourth-quarter investor conference is scheduled for Feb. ...
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News briefsHanesBrands honored for sustainability leadership
U.S. company HanesBrands (HBI), the parent company of several apparel brands, including Champion, has been recognized with an A- score on the global CDP annual sustainability disclosures across two key areas of environmental impact – climate change and water security. HBI achieved this recognition for its leadership ...
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ArticleWolverine Worldwide announces divestitures, staff cuts
Driven by a focus on increasing long-term shareholder value, Wolverine Worldwide is divesting or licensing its Keds brand and Wolverine leather business segments and is initiating an unspecified headcount reduction. The staff cuts are projected to result in approximately $30 million in savings for the company in 2023, and the ...
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ArticleHanesbrands’ activewear operating profit declines 30% on flat sales
Faced with an operating environment that is weighing on its near-term performance in both innerwear and activewear, Hanesbrands is taking numerous actions to revitalize an activewear segment that includes its Champion business. The company, anticipating “a challenging consumer environment” for a period of time, continues to reduce its SKU count, ...
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ArticleSporting goods industry stocks down in Q3
According to SGI Europe’s quarterly study of 40 select sporting goods industry stocks, the drop was less than in Q1 (-16.25%) and Q2 (-14.79%) but marked the third consecutive quarterly decline for the segment. But the results were mixed, as the stock prices of 19 companies – led by Xtep ...
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ArticleAnalysis: Sporting Goods Scorecard Q2 2022 - The top performers by sales and profit
Our Scorecard includes the revenue and profit development of 43 major sporting goods companies.
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