Apparel and textile industry company news

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US: Hanesbrands to axe 8100 jobs in shift to Asia just-style.com | 24 Sep 08

Apparel maker Hanesbrands Inc is to close nine plants in five western hemisphere countries and axe 8,100 jobs as it consolidates production into fewer and bigger facilities in Asia.

US: Hanesbrands to close two distribution centres just-style.com | 7 Aug 08

US apparel maker Hanesbrands Inc is to close two distribution centres in Pennsylvania early next year, with the loss of 155 jobs, according to local media reports.

US: Cost cuts push Hanesbrands Q2 profits up 125% just-style.com | 30 Jul 08

Apparel maker Hanesbrands, the company behind brands such as Champion, Wonderbra, Playtex and Bali, saw its second quarter profit more than double, despite a 4.4% reduction in sales.

US: Cost cuts hike Hanesbrands Q1 profit up 200% just-style.com | 21 Apr 08

Cost cutting and lower debt have helped T-shirt and underwear maker Hanesbrands Inc to a 200% jump in first quarter profit, even though sales fell across most segments in what the company described as “a tough economic climate”.

US: Hanesbrands joins the Fair Labor Association just-style.com | 10 Mar 08

T-shirt and hosiery maker Hanesbrands Inc has joined the Fair Labor Association and will now undergo the two-year implementation process for accreditation of its global social compliance programme.

US: Hanesbrands eyes higher earnings in 2008 just-style.com | 20 Feb 08

T-shirt, underwear and hosiery maker Hanesbrands Inc yesterday (19 February) said it hopes to achieve double-digit earnings growth in 2008 helped by declining interest expense, a lower tax rate, and its brand building and cost-reduction efforts.

US: Full-year earnings up 6% at Hanesbrands just-style.com | 31 Jan 08

US clothing firm Hanesbrands has reported a 6.1% rise in full year operating profit to US$388.6m, up from $366.2m last year, on the back of higher sales and cost reductions.

US: Hanesbrands names Nictakis chief commercial officer just-style.com | 9 Nov 07

T-shirt and underwear maker Hanesbrands Inc has hired William J Nictakis for the newly created position of president and chief commercial officer.

US: Hanes, Champion brands to star at Disney resorts just-style.com | 31 Oct 07

T-shirt, bra and underwear maker Hanesbrands Inc has signed a major marketing deal with The Walt Disney Company which will see its Hanes and Champion apparel brands sold exclusively by Disney at its parks and resorts.

US: Hanesbrands Q3 profit falls 23% on spin-off costs just-style.com | 25 Oct 07

Still weighed down by costs from its year-ago spin-off from Sara Lee Corp, T-shirt, socks and underwear maker Hanesbrands Inc says its third quarter profit fell 23% despite a small rise in sales.

US: Hanesbrands executive chairman Lee Chaden to retire just-style.com | 27 Sep 07

Lee Chaden, one of the most respected executives in the apparel industry, is to retire as executive chairman of underwear and hosiery maker Hanesbrands Inc at the end of this year.

US: Hanesbrands buys textile plant in El Salvador just-style.com | 6 Sep 07

Underwear and hosiery maker Hanesbrands Inc has bought a textile manufacturer in El Salvador for an undisclosed sum as part of plans to create a balanced supply chain in Central America.

VIETNAM: Hanesbrands to build US$20m plant in Vietnam just-style.com | 1 Aug 07

US underwear and sportswear maker Hanesbrands has scoped out plans to build a US$20m garment plant in Vietnam’s old capital of Hue City, Thua Thien Hue province.

US: Hanesbrands Q2 profit slumps 57% on restructuring costs just-style.com | 26 Jul 07

Underwear and T-shirt maker Hanesbrands has seen its second quarter profit fall by 57.1% as restructuring charges continue to bite.

FORUM: Is there no end to the quest for cheaper production? just-style.com | 5 Jul 07

Hanesbrands is to shift some underwear and apparel production away from Puerto Rico and the Dominican Republic after deciding these countries are too expensive. But how long will it and other companies stay in the countries where they relocate their manufacturing – and where will this constant search for the lowest labour costs end?

US: Hanesbrands to close 9 plants employing 5,000 workers just-style.com | 27 Jun 07

Underwear and knitwear marketer Hanesbrands Inc today (27 June) instigated its latest wave of cost-cutting measures which will see the closure of nine plants in four countries employing around 5,000 workers.

US: Helen McCluskey adds swimwear to Warnaco duties just-style.com | 13 Jun 07

Helen McCluskey, group president of intimate apparel at The Warnaco Group, has added global management of the company’s swimwear business to her duties.

DOMINICAN REPUBLIC: Hanesbrands to axe 1,400 jobs just-style.com | 4 May 07

Underwear and apparel maker Hanesbrands Inc is to stop production at three sewing and assembly operations in the Dominican Republic – a move that will lead to the loss of 1,400 jobs.

US: Hanesbrands shares fall on 84% Q1 net decline just-style.com | 27 Apr 07

Shares of Hanesbrands fell sharply Thursday (26 April) after the company, buffeted by costs from restructuring and its spinoff from Sara Lee, reported an 83.9% drop in first-quarter profits.

US: McMillan to join American Eagle board just-style.com | 19 Apr 07

Cary McMillan, the former chief executive officer of Sara Lee Branded Apparel, has been nominated to the board of directors of specialty retailer American Eagle Outfitters.

US: Hanesbrands to close Winston-Salem plant, axe 610 jobs just-style.com | 3 Apr 07

Hanesbrands Inc, the underwear and casual apparel maker spun off from Sara Lee last September, is to close its Stratford Road textile manufacturing plant in Winston-Salem with the loss of 610 jobs.

US: Hanes signs Jennifer Love Hewitt to launch All-Over Comfort Bra just-style.com | 28 Feb 07

Leading US apparel brand Hanes has signed actress Jennifer Love Hewitt to star in an advertising campaign for its new ‘All-Over Comfort Bra with ComfortSoft Straps.’

US: Hanesbrands Q2 profits dip 77.6% just-style.com | 2 Feb 07

Buffeted by soft innerwear sales and an array of charges due to its September spin-off from Sara Lee, Hanesbrands watched its profits drop by more than three-quarters during the three months ended 30 December.

US: Hanesbrands appoints general counsel just-style.com | 12 Jan 07

Top apparel basics firm Hanesbrands has appointed Joia M Johnson as its executive VP, general counsel and corporate secretary, effective 29 January.

COMMENT: Don’t boycott Bangladeshi apparel just-style.com | 21 Dec 06

Bangladesh had a tough year in 2006, with clothing manufacturers hit by a spate of violence, transport and power strikes, and criticism over factory conditions. Despite all this, the Bangladeshi apparel industry managed to get garments out, more or less to time and budget. Mike Flanagan now suggests retailers, charities and the industry itself should adopt a more positive attitude to help Bangladesh through its difficult times.

BANGLADESH: Primark, Tesco and Asda blasted on factory findings just-style.com | 8 Dec 06

Bangladeshi factories used by UK retailers Primark, Tesco and Asda are paying workers just 5 pence an hour, according to a new report by charity War on Want.

BANGLADESH: Hanesbrands ends supplier contract just-style.com | 8 Dec 06

US intimate apparel maker Hanesbrands has axed a supplier contract in Bangladesh, blaming violations of working hours and pay conditions.

US: Hanesbrands criticised over Mexican factory closure just-style.com | 4 Dec 06

The Canadian-based labour rights group Maquila Solidarity Network has sent a letter to Hanesbrands to express its concern over the intimate apparel maker’s decision to close its Monclova International facility in Mexico with the loss of 1,700 jobs.

PUERTO RICO: Hanesbrands to shut textile plant, lay off 500 just-style.com | 16 Nov 06

Hanesbrands, the US$4.7bn apparel business spun off from Sara Lee in September, has announced another production plant closure as it shifts its manufacturing to lower-cost locations.

US: Hanesbrands earnings down but confident in future strategies just-style.com | 1 Nov 06

Underwear and T-shirt maker Hanesbrands has posted a 39.1% plummet in third-quarter earnings as it was hit by the cost of separating from owner Sara Lee Corp last month. The company also gave investors another taster of the operational changes and growth strategies on the way.







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