Hanes saw a 13% lift in net sales in the first quarter, led by acquisitions in 2016 and online sales. The North Carolina-based firm also launched a Project Booster initiative to generate $300 million in net cash by 2020.
Canada's Gildan Activewear plans to keep making key styles from its recently acquired American Apparel brand in the United States but will also manufacture some products elsewhere, a company spokesman said on Thursday.
Acquisitions of Pacific Brands of Australia, Champion Europe and Champion Japan contributed to the company's record performance. Hanes expects the next fiscal year to deliver another strong performance.
American Apparel LLC's made-in-the U.S. heritage is uncertain after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy retailer but did not immediately assume the company's leases.