The apparel company has announced Ronald L. Nelson as its new chairman of the board, effective April 23, 2019, contingent upon his re-election to the board of directors at the company's annual shareholder meeting.
Despite a moderate sales rise driven by a strong performance at its Champion brand, the apparel group reported a 15.7% decline in income in Q3 2018, impacted by a $14 million charge related to the Sears bankruptcy.
The Winston-Salem, NC-based apparel group posted its results for Q1 2018 on Tuesday, with sales benefitting from the positive impact of recent acquisitions and the strong performance of the company’s Champion brand.
Champion Athleticwear has picked Los Angeles' La Brea District as the location for its first ever US retail store. Customization, exclusive product launches, and LA-inspired assortments will be in store year round.
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.