HanesBrands holds its own amid retail caution
04/05/2017
Growth came from its activewear and international divisions, while sales of its innerwear products decreased by 6%, which HanesBrands attributed to “reduced consumer traffic at retailers, store closings and cautious retailer inventory management”.
Chief executive, Gerald Evans, commented: “We are off to the strong start of 2017 that we sought. We had one of our best first quarters for cash flow as we executed a disciplined working capital plan as we weather expected challenges in the retail environment.”
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