Welcome to our dedicated page for Hanesbrands news (Ticker: HBI), a resource for investors and traders seeking the latest updates and insights on Hanesbrands stock.
Hanesbrands, Inc. (HBI) is a globally recognized manufacturer and marketer of everyday basic apparel. Headquartered in Winston-Salem, North Carolina, Hanesbrands is known for its iconic innerwear and activewear apparel brands, which include Hanes, Champion, Playtex, Bali, Maidenform, Flexees, JMS/Just My Size, Barely There, Wonderbra, and Gear for Sports. The company also boasts a strong international presence with brands such as Zorba, Sol y Oro, Rinbros, Track N Field, and Ritmo.
Hanesbrands' extensive portfolio is well-diversified across different segments and regions, enabling it to operate through various retail channels, including wholesale distribution to discount, midmarket, and department store retailers, as well as direct-to-consumer sales via physical stores and e-commerce platforms. Vertically integrated, Hanesbrands produces more than 70% of its products in company-controlled factories spread across over three dozen countries. This vertical integration ensures greater control over quality, cost, and supply chain efficiencies.
Founded in 1901, Hanesbrands has a longstanding history of delivering high-quality apparel. The company made a significant acquisition in October 2013 when it bought Maidenform Brands, Inc., thereby adding the Maidenform, Lilyette, and Flexees brands to its impressive portfolio. As of 2012, Hanesbrands was ranked No. 512 on the Fortune 1000 list, with more than $4.5 billion in sales and employing approximately 51,500 people across more than 25 countries.
Recent achievements and sustainability initiatives
Hanesbrands is deeply committed to sustainability, with ambitious goals for 2025 and 2030 focusing on three pillars: People, Planet, and Product. By 2030, the company aims to positively impact the lives of 10 million people. As of 2023, they have already reached 3.4 million through various creative sustainability initiatives. Key programs like 'Green for Good' invest savings from recycling into community improvement projects, providing access to medical services, funding health clinics, and facilitating over 1,500 life-changing surgeries.
On the environmental front, Hanesbrands has achieved a notable 50% reduction in Scope 1 and 2 greenhouse gas emissions since 2019, alongside reductions in water use and packaging weight. The company aims for zero waste across its operations by 2025 and 100% renewable electricity by 2030. Hanesbrands has pioneered innovative projects such as using biomass boiler technologies and solar power, significantly reducing its carbon footprint.
Hanesbrands has been recognized with various awards including the Energy Star Sustained Excellence Award and the A- score in the 2023 CDP Climate Change Report and CDP Water Security Report. These accolades affirm Hanesbrands' leadership in sustainability and its ongoing commitment to creating a positive impact.
For more information about Hanesbrands' sustainability initiatives, visit their dedicated platform at hbisustains.com.
The Premier Lacrosse League (PLL) has partnered with Champion Athleticwear as its official sideline apparel partner for the 2021 season. This collaboration includes supplying apparel for players, staff, and coaches, along with innovative co-branded products. Notable merchandise includes a PLL x Champion Reverse Weave Hoodie and Crewneck, priced at $65 and $60, respectively. The PLL season will feature 43 games from June 4 to September 19, marking a return to a tour-based format. Champion, a brand of Hanesbrands, has over 100 years in sports apparel innovation.
Hanes has launched its innovative Comfort Flex Fit® Total Support Pouch™ boxer briefs, designed to enhance men’s comfort and confidence. The product features a patent-pending pouch construction with breathable mesh inserts, promoting support and reduced discomfort. Initial testing showed that 71% of men had never worn a similar design, with 80% expressing intent to purchase after trying them. The marketing campaign is set to run during the NCAA Division I Men’s basketball tournament and across social media platforms. The three-pack retails starting at $16.98, available in stores and online.
HanesBrands (NYSE: HBI) announces the appointment of Tracy Preston as general counsel, corporate secretary, and chief compliance officer, effective March 29, 2021. With over 25 years of experience in corporate legal roles, Preston will oversee global legal and compliance functions, reporting to CEO Steve Bratspies. Her previous positions include executive vice president at The Neiman Marcus Group and senior legal roles at Levi Strauss & Co. Preston emphasizes HanesBrands' commitment to sustainability and potential for growth as she joins the team.
HanesBrands (NYSE: HBI) has appointed Jane Newman as the chief design officer for global innerwear. Newman will oversee innovation and design across various brands including Hanes, Bonds, and Maidenform. Her leadership is expected to enhance the company's growth strategy, particularly for U.S. innerwear brands. CEO Steve Bratspies emphasized the importance of focusing on global strengths to drive brand development. Newman, with over three decades of experience, has a proven record in product innovation and sustainability, which aligns with HanesBrands' commitment to responsible design.
Champion Athleticwear has partnered with Authentic Brands Group (ABG) for a multi-year collaboration featuring the Muhammad Ali brand. This collaboration will include a global campaign and numerous product collections that reflect Ali's core principles. The first launch, the Champion X Muhammad Ali Collection, integrates Ali's imagery and quotes into apparel designs. Ranging in price from $40 to $125, items include hoodies, crewnecks, and graphic t-shirts. Future drops are planned for later in the year, emphasizing empowerment and self-expression.
HanesBrands has partnered with The Ohio State University as a primary licensee for fan apparel products. This six-year agreement, facilitated by Beanstalk, involves the distribution of a wide range of Ohio State-branded apparel across various retail channels. HanesBrands, known for its commitment to socially responsible practices, will enhance the university's brand while generating multi-million dollar royalty revenues. The collaboration also includes academic support, internships, and social responsibility initiatives, alongside retail enhancements for Buckeye apparel.
HanesBrands Inc. (HBI) reported fourth-quarter net sales of $1.8 billion, up from $1.75 billion the previous year, driven by strong performance in its Innerwear and Activewear segments. The company recognized $611 million in inventory charges related to a write-off of PPE inventory and SKU reductions. Adjusted operating profit decreased 10% to $217 million. Despite challenges from COVID-19, the company’s Full Potential plan aims to enhance profitability and streamline operations. A quarterly dividend of $0.15 per share was declared, marking the 32nd consecutive dividend payout.
HanesBrands (NYSE: HBI) will host an internet audio webcast for its fourth-quarter 2020 investor conference call on Feb. 9, 2021, at 8:30 a.m. EST. Financial results for the quarter ending Jan. 2, 2021, will be disclosed ahead of the call. The call includes prepared remarks and a Q&A session, accessible via Hanes' investor section on their website. Replays will be available online and via telephone from Feb. 9 to Feb. 16, 2021. HanesBrands operates globally with a strong portfolio of brands and approximately 63,000 employees.
HanesBrands (NYSE: HBI) has appointed Joe Cavaliere as group president of global innerwear, effective February 8, 2021. This new role comes as Howard Upchurch, who served for 34 years, retires. Cavaliere brings over 30 years of experience in retail and consumer goods, having previously held leadership positions at C&S Wholesale Grocers and Newell Brands. CEO Steve Bratspies expressed confidence in Cavaliere’s ability to drive innovation and growth within the company’s well-known innerwear brands like Hanes and Playtex.
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