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.
HanesBrands (NYSE: HBI) celebrates a significant legal victory after the Nanjing Intermediate People’s Court ruled in its favor in a trademark infringement case involving the Champion brand in China. The court mandated six defendants to stop producing counterfeit Champion products and to pay over $600,000 in fines. Jon Ram, president of global activewear, emphasized the company's commitment to defending its intellectual property both in China and globally.
HanesBrands (NYSE: HBI) has appointed Tanya Deans as president of Hanes Australasia, effective February 8, 2021, succeeding David Bortolussi. Deans, previously group general manager at Bras N Things, has over 25 years at Hanes Australasia in leadership roles. She will oversee 4,400 associates and manage iconic brands like Bonds and Champion, along with a growing e-commerce sector and over 450 stores. CEO Steve Bratspies praised her leadership skills and vision for future growth, emphasizing a commitment to sustainability.
HanesBrands (NYSE: HBI) has appointed Cheryl K. Beebe to its Board of Directors, expanding the board to nine members. Beebe brings over 30 years of experience from Ingredion, where she served as CFO and executive vice president. Her term will last until the 2021 annual meeting of stockholders. She will contribute financial expertise, especially in global strategy, as the company aims for long-term growth centered on consumer needs. Beebe's credentials include leadership roles and board memberships, enhancing HanesBrands' strategic direction.
Hanes is taking action to support America’s homeless population during the COVID-19 pandemic, highlighting the need for community involvement ahead of #GivingTuesday. The company has donated over 1 million masks and nearly 300,000 pairs of socks to various organizations across all states, including Washington, D.C., and Puerto Rico. Additionally, Hanes has partnered with Rainier Fruit Company for the ‘Pears for Pairs’ initiative and continues its long-standing collaboration with Invisible People to raise awareness on homelessness. The situation is dire, with fewer shelter resources available as winter approaches.
The Drone Racing League (DRL) announced new partnerships with BODYARMOR, Champion Athleticwear, and RESPAWN for the 2020 DRL Allianz World Championship Season. These partnerships aim to engage fans through product placements and unique content. BODYARMOR's entry into esports marks a significant milestone, while Champion will launch a limited-edition DRL merchandise line. The season continues airing live on November 22 on NBC, Twitter, and Facebook, enhancing DRL's visibility and appeal within the sports industry.
Hanes, America's leading basic apparel brand, is partnering with Macy's for the 94th Annual Thanksgiving Day Parade as the 'Official Smile' of the event. Hanes will provide thousands of vibrant, co-branded face masks for participants and volunteers, promoting safety while celebrating the holiday. This initiative aligns with Hanes' ongoing efforts to support mask-wearing during the pandemic, including their #MaskAround campaign and donations of 1 million masks to those in need. The brand is also launching an Instagram giveaway on Nov. 17 to engage its audience.
HanesBrands (NYSE: HBI) has appointed Greg Hall as chief consumer officer, effective Nov. 16, 2020. CEO Steve Bratspies emphasized the company's focus on consumer-centric strategies. Hall, previously senior VP of private brands at Walmart, achieved double-digit growth in private brand groceries and held key marketing roles. He will oversee U.S. marketing, e-commerce, and global brand strategies, particularly for Hanes and Champion. This leadership move aims to enhance consumer engagement and drive growth for the company.
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