Hanes news and archive

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...

BusinessFeatured

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...

Business

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...

People

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...

BusinessFeatured

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...

BusinessFeatured

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,...

Business

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...

BusinessFeatured

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...

Business

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...

Fashion

Hanes increasing presence with innovative products

Sanjay Lalbhai, Chairman and MD of Arvind, which now retails Hanes products in India, is optimistic Hanes will achieve Rs 500 crores revenues in the next four years. “Arvind Brands has the license for Hanes. We have aggressive plans to grow the business. Arvind has a front end and back end clout in the domestic market. And that’s what we will...

Apparel

Arvind signs deal to retail Hanes, Wonderbra in India

Arvind Lifestyle Brands signed a licensing agreement with US-based Hanes brands Inc to market and sell basic and intimate apparel under the Hanes and Wonderbra brands -- two of the largest and well-known global apparel brands. Announcing the deal, Sanjay Lalbhai, Chairman & MD Arvind said, "This transaction is a significant milestone as it...

Fashion

Hanes: Focusing on women’s intimate wear for growth

Having established its men’s innerwear business in the country, Hanes is now focusing on building its women’s portfolio. As Shekhar Tewari, Managing Director, Hanes Brands Apparel says, “We recently launched two ranges in women’s brassiere : Active Comfort, for the young with an active lifestyle. And All Day Comfort Bras, the global best-selling...