Hanes news and archive

California AG: Amazon forced Levi’s, Hanes to raise prices

California Attorney General Rob Bonta has released a series of unredacted court documents detailing how US e-commerce giant Amazon allegedly pressured fashion and lifestyle brands to inflate prices across the retail market. The filings, part of an ongoing antitrust lawsuit in the San Francisco Superior Court, implicate major industry names such...

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Hanes unveils first-ever cross-category athleisure collection

America’s number one brand for basic apparel Hanes is entering the athleisure category with an extensive range of athletic-inspired innerwear and apparel for men, women, and children. Dubbed ‘Hanes Moves’ the new collection marks the brand’s first-ever cross-category push in the athleisure space and has been designed for “movement, versatility,...

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HanesBrands reports Q2 earnings, revenues decline

HanesBrands net sales of 995 million dollars decreased around 4 percent or by 1 percent on an organic constant currency basis with better-than-expected innerwear sales in the US essentially offset by the expected macroeconomic headwinds in Australia. Loss for the quarter expanded to approximately 137 million dollars or 39 cents per diluted...

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HanesBrands Q1 sales decline, maintains outlook

HanesBrands net sales of 1.16 billion dollars were at the midpoint of the company’s expected range, a decrease of approximately 17 percent. On an organic constant currency basis, net sales decreased approximately 15 percent compared to last year. However, operating profit and operating margin in first-quarter were 52 million dollars and 4.5...

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Tanya Deans to join as President Of Hanes Australasia

HanesBrands has announced that Tanya Deans is appointed as President of Hanes Australasia, effective February 8, 2021. The company said, Deans, currently group general manager, Bras N Things, succeeds David Bortolussi, who in August announced his departure for another opportunity. “I am thrilled to name Tanya as the new president of our...

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Hanes donates 1.3 million face masks and socks to those in need

Hanes has announced the donation of close to 1.3 million face masks and socks, ahead of Giving Tuesday next week. The apparel brand hopes to encourage its consumers to join in its initiatives to help others. The brand said that it has supported around 400 organizations fighting homelessness in all 50 states, as well as Washington, D.C. and...

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HanesBrands announces new chief consumer officer

HanesBrands, a global marketer of branded everyday basic apparel, has announced Greg Hall as the company’s new chief consumer officer (CCO), effective November 16. Hall will be in charge of the company’s brands, marketing, e-commerce and retail, with a particular focus on building the company’s global brands such as Champion and Hanes. Prior to...

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HanesBrands reports better Q2 results, EPS increases 58 percent

HanesBrands net sales for the second quarter ended June 27, 2020, were 1.74 billion dollars compared with 1.76 billion dollars a year ago. Excluding the exited programs and foreign exchange rates, the company said in a statement, total constant-currency net sales for the quarter increased 7 percent, while GAAP operating profit increased 5...

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Covid-19 impact: HanesBrands posts drop in Q1 sales

First-quarter net sales at HanesBrands were 1.32 billion dollars compared with 1.59 billion dollars a year ago. The company said in a statement that year-ago quarter included net sales of 94 million dollars from the now exited C9 Champion mass program and the DKNY intimate apparel license. Excluding the exited programs, the impact of Covid-19,...

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Hanes starts making medical coronavirus-fit masks

New York - During an update briefing Saturday, President Donald Trump announced that many U.S. apparel companies are joining the race against coronavirus. Hanes is one of them, which is taking the lead on the manufacturing of medical-approved masks. "There’s a move on that’s incredible right now, and by way of example, Hanes ... is retrofitting...

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HanesBrands posts 24 percent increase in Q4 EPS

HanesBrands, for the fourth quarter ended December 28, 2019, reported net sales of 1.75 billion dollars, decrease of 1 percent while constant-currency organic sales increased slightly. For the full year, net sales increased 2 percent to 6.97 billion dollars. The company said in a statement that fourth-quarter GAAP EPS and adjusted EPS excluding...

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HanesBrands reports rise in Q1 net sales and earnings

For its first quarter, HanesBrands reported net sales increase of 8 percent to 1.59 billion dollars and organic sales in constant currency increase of 10 percent, the seventh consecutive quarter of constant-currency organic growth. The company said sales were fuelled by strong US activewear growth, broad-based international growth, and increased...