After the retirement of previous chief executive officer Gerald W. Evans Jr. was announced in March, HanesBrands has announced Stephen B. Bratspies as the company's new CEO and board member, effective August 3.
The North Carolina-based owner of brands including Hanes and Champion reported a Q1 loss on Thursday, as a stronger-than-expected performance early in the quarter was undermined by the coronavirus pandemic.
HanesBrands announced on Tuesday that it has signed a multiyear agreement with e-commerce giant Amazon for the exclusive distribution of its value-priced C9 Champion brand, previously available only at Target stores.
The North Carolina-based apparel group saw a 1% decrease in revenues in the fourth quarter on Friday, as sales in its innerwear and activewear segments declined, but managed to achieve solid growth in its earnings.
The Winston-Salem, North Carolina-based apparel group announced a slight increase in third quarter revenues on Thursday, as strong growth at its Champion brand struggled to compensate for slipping innerwear sales.
The American subsidiary of the Japanese lingerie company has announced that it has named Mitch Kauffman as its new president and CEO, roles in which he will succeed Bob Vitale, who is leaving the group after 22 years.