HanesBrands has completed its acquisition of specialty intimates retailer Bras N Things, which operates a $144 million business throughout Australia, New Zealand and South Africa both in store and online.
Hanesbrands saw sales climb 2 percent in the third quarter ended Sept. 30, to $1.8 billion, returning to organic sales growth, for the first time in eight quarters. The firm now expects full-year sales of $6.45 billion.
Nordstrom and Hanes partnered with Coca-Cola, Peanuts, Nicopanda, Opening Ceremony and close to 40 brands on a t-shirt collection. The collection is available online and at select stores through September 24.
Indian Apparel and textile major Arvind’s e-commerce platform NNNow is planning to enter the booming fashion e-commerce market by expanding its brand portfolio and offer global brands not owned or marketed by the firm.
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.