
CL King & Associates downgraded Hanesbrands Inc to "neutral" from "strong buy" on lower customer traffic, high debt levels and some impact to sales due to recent price increases, sending the underwear maker's shares d...
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CL King & Associates downgraded Hanesbrands Inc to "neutral" from "strong buy" on lower customer traffic, high debt levels and some impact to sales due to recent price increases, sending the underwear maker's shares d...
Underwear maker Hanesbrands Inc posted a 59 percent fall in third-quarter profit, partly hurt by restructuring charges, and said it would raise domestic prices effective mid-first quarter of 2009.
The economic slowdown in the United States is the latest threat to the struggling clothing and textile industry in Mexico and Central America, already unraveling under stiff competition in Asia.
Underwear maker Hanesbrands Inc said it will close nine North American plants as it looks to shift manufacturing to lower-cost regions -- a move that will affect about 8,100 employees, or 16 percent of its workforce.