Sales rise at Hanesbrands despite activewear dip - sportstextiles: Lea SportsTextiles

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Sales rise at Hanesbrands despite activewear dip

07/11/2016
Apparel group Hanesbrands reported sales of $1.6 billion in the third quarter of 2016, an 11% increase on the same period last year. Earnings for the quarter were up 7.2% to $173.9 million.

“Our sales initiatives have re-accelerated organic growth in several core categories,” said Hanesbrands CEO Gerald Evans Jr. 

One such category was innerwear, for which sales increased 2%. This was driven by a strong growth in sales of men’s, women’s and children’s underwear. 

The news was not so good for the group’s activewear segment, which saw a 2% drop in sales. Hanesbrands said this was due to the “bankruptcies of certain sporting goods retailers”.

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