Hanesbrands

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Hanesbrands
Type Public
Traded as NYSEHBI
Founder(s) John Wesley Hanes - Shamrock Mills,
Pleasant H. Hanes - P. H. Hanes Knitting Company
Headquarters Winston-Salem, North Carolina
Number of locations 190+ Outlet Stores
Website www.hanesbrands.com

Hanesbrands Inc. is an American clothing company based in Winston-Salem, North Carolina.[1] It employs 50,000 people internationally.[2] On September 6, 2006, the company was spun off by the Sara Lee Corporation.

Hanesbrands owns several clothing brands, which are Hanes (its largest brand), Champion (its second largest brand), Playtex (its third largest brand), Bali, L'eggs, Just My Size, Hanes Hosiery, Barely There, Wonderbra, Duofold, Airé, Beefy-T, C9 by Champion, Cacharel, Celebrity, Daisyfresh, J. E. Morgan, One Hanes Places, Rinbros, Ritmo, Sheer Energy, Silk Reflections, Sol, Sol y Oro, Tagless, and Zorba.

Hanesbrands also operates and owns around 250 L'eggs Hanes Bali Playtex Factory Outlets or Hanesbrands Stores across the US. They are a chain of outlet stores that offer discounts. Hanesbrands Flagship store is located in Winston-Salem, North Carolina, and opened in summer 2008. This store is the largest store and offers all of Hanesbrands brands. Hanesbrands has recently started opening Champion Outlet Stores in addition to their Hanesbrands Stores. Currently there are 20 Champion stores open.[3] The original Hanes outlet store was housed in a room adjacent to their factory. It was a true outlet store, where people local to the area could come and buy factory direct, and save the markups associated with retailing. Those days are gone. Their current "outlet" stores are "outlets" in name only. They are simply retail stores, complete with very high markups. No discounts are to be had, as you can leave their stores and buy their products from competing retail chains far cheaper. Use of the term "outlet" in association with today's Hanes stores is a misnomer.

Hanesbrands has companies in various parts of Europe and Eastern Europe, including the United Kingdom, Italy, Germany, France and Spain.

Sales revenue for 2010 was $4.33 billion and gross profit was $1.41 billion.[4]

Hanesbrands has been recognized for work that it has done for the environment, including "green" buildings.[5] They have also been recognized for the work they have done in communities, such as the support of schools in Honduras.[6]

The company's two main competitors are Fruit of the Loom and Jockey International.

In 2011, wikileaks revealed that the corporation had previously lobbied the State Department to prevent the raise of Haiti's minimum-wage to $0.61 an hour from $0.31 an hour.[7]

On July 24, 2013, Hanesbrands agreed to acquire Maidenform for $575 million.[8][9]

References[edit]

  1. ^ "Contact us". Hanesbrands. Retrieved on October 26, 2010. "Hanesbrands Inc. 1000 East Hanes Mill Road Winston Salem, NC 27105 United States."
  2. ^ [1][dead link]
  3. ^ "Champion Stores Listing". ChampionUSA. Retrieved 2013-07-25. 
  4. ^ According to 2010 Form 10-k.
  5. ^ [2][dead link]
  6. ^ "Hanesbrands celebrates first graduating class of Honduras employees in company's continuing education program". Hanesbrands.com. Retrieved 2013-07-25. 
  7. ^ Johnson. "WIKILEAKS: U.S. Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap". Business Insider. 
  8. ^ "Hanes to Buy Maidenform for $575 Million". The New York Times. July 24, 2013. Retrieved July 25, 2013. 
  9. ^ "Hanes to Buy Maidenform for $575 Million". The Wall Street Journal. July 24, 2013. Retrieved July 25, 2013. 

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