All HanesBrands articles – Page 3
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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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Infographics & DataSporting Goods Scorecard Q2 2022 - The top performers by sales and profit
This exclusive chart and data can be downloaded by our Premium Members.
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ArticleMarket Analysis: The sports apparel market
This is an exclusive, yearly statistic available only to subscribers of SGI Europe. It includes revenue and market-share development, as well as a regional breakdown, of the major global sports apparel brands.
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News briefsHanesbrands’ ransomware attack cost $100 million in sales
Hanesbrands’ ability to order materials, make and ship orders, and process payments was negatively impacted during its second quarter due to a ransomware attack on the company’s information technology systems that was identified on May 24. The company was unable to fill customer orders for about three weeks. The Champion ...
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ArticleHanesbrands remains committed to Champion despite difficult quarter
Despite a challenging second quarter for the business, Hanesbrands continues to make global investments and possesses high aspirations for Champion activewear. Facing a difficult comparison, Champion, a significant part of the group’s activewear segment, posted a 25 percent sales decline. Overall, the group’s activewear segment suffered a 44 percent decline ...
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News briefsWolverine sells Champion footwear license to HanesBrands
Wolverine Worldwide has announced that its wholly-owned subsidiary Keds, LLC has sold the Champion trademarks for footwear in the U.S. and Canada to HanesBrands Inc (its licensee for over 35 years) for $90 million in cash. As part of the agreement, Wolverine retains a perpetual license to continue using the ...
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News briefsHanesbrands reports software attack, consequences yet unknown
Champion’s parent Hanesbrands Inc. has released an SEC filing informing the public of a ransomware attack on the company. The U.S. company has activated its response, and business continuity plans to contain the incident. According to the statement, the company has notified the appropriate law enforcement agencies and cooperates with ...
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News briefsLeFebvre takes over as HanesBrands’ president of global activewear
HanesBrands, the owner of the Champion brand, has appointed Vanessa LeFebvre as president of global activewear. In this role, LeFebvre will be responsible for the planned growth of Champion, focusing on product innovation, key markets and new distribution channels. She joins the group from Adidas, where she has been senior ...
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News briefsChampion brand sales hampered by supply challenges
Champion constant currency global revenues increased 6 percent in the first quarter (3 percent on a reported basis) due to strong growth in the collegiate channel but would have risen 14 percent without product supply challenges that impacted parent HanesBrands, Inc. Brand sales outside the U.S. were 10 percent higher ...
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