HanesBrands announced on Tuesday that it has signed a multiyear agreement with e-commerce giant Amazon for the exclusive distribution of its value-priced C9 Champion brand, previously available only at Target stores.
The North Carolina-based apparel group saw a 1% decrease in revenues in the fourth quarter on Friday, as sales in its innerwear and activewear segments declined, but managed to achieve solid growth in its earnings.
The Winston-Salem, North Carolina-based apparel group announced a slight increase in third quarter revenues on Thursday, as strong growth at its Champion brand struggled to compensate for slipping innerwear sales.
HanesBrands has announced that its Champion sportswear brand posted sales growth of more than 50% outside of the U.S. mass channel in the second quarter of 2019, helping the company achieve better than expected earnings.
The apparel company has announced Ronald L. Nelson as its new chairman of the board, effective April 23, 2019, contingent upon his re-election to the board of directors at the company's annual shareholder meeting.