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Hanesbrands

#4869

Rank

$1.68B

Marketcap

US United States

Country

Hanesbrands
Leadership team

Mr. Stephen B. Bratspies (CEO & Director)

Mr. Michael P. Dastugue (Chief Financial Officer)

Mr. Michael E. Faircloth (Group Pres of Global Operations)

Products/ Services
Consumer Goods, E-Commerce, Retail
Number of Employees
Above 50,000
Headquarters
Winston Salem, North Carolina, United States
Established
1901
Company Registration
SEC CIK number: 0001359841
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
HBI
Social Media
Overview
Location
Summary
Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels. The company licenses its Champion name for footwear and sports accessories. Hanesbrands Inc. provides its products primarily under the Hanes, Champion, Maidenform, JMS/Just My Size, Bali, Polo Ralph Lauren, Playtex, DKNY, Alternative, Gear for Sports, Comfortwash, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, Maidenform, Rinbros, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third-party embellishers. As of January 2, 2022, it operated 216 retail and direct outlet stores in the United States and the Commonwealth of Puerto Rico, as well as 626 retail and outlet stores internationally. The company also sells its products in Europe, Australia, Asia, Latin America, Canada, the Middle East, Africa, Mexico, and Brazil. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.
History

The original Hanes outlet store was housed in a room adjacent to their factory. Hanesbrands currently operates and owns around 220 Hanesbrands, Maidenform and Champion retail stores across the US. The company's flagship store is located in Winston-Salem, North Carolina and opened in summer 2008. Stores range in size from 2,500 to 17,000 square feet 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.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.On July 24, 2013, Hanesbrands agreed to acquire Maidenform for $575 million.On July 15, 2016, Hanes acquired the Australian-based clothing and underwear and clothing company Pacific BrandsIn October 2017, Hanes announced a $60 million acquisition of Norcross, GA based Alternative Apparel.In 2018, the company opened its first brick-and-mortar Champion brand retail store in Los Angeles. Currently there are 20 Champion stores open. Hanesbrands also has companies in United Kingdom, Italy, Germany, France and Spain.

In November 2019, Chief Financial Officer Barry Hytinen left the company for a position at the storage and information management services company Iron Mountain.Hanesbrands made a statement in April 2021 that Michael Dastugue will be assuming the role of chief financial officer on May 1. The company has not had a permanent CFO since the departure of Barry Hytinen in 2019, with chief accounting officer Scott Lewis serving as the interim CFO since January 2020. Mr. Dastugue, according to analyst David Swartz of Morningstar Research Services, will be leading the company in adapting to customer preference for online shopping.

Mission
to profitably grow our leading brands by intimately understanding our consumers, out-executing our competition and leveraging our sustainable competitive advantage.
Vision
to be a world-class consumer goods company with a distinctive competence in operating a low-cost global supply chain.
Key Team

Mr. Markland Scott Lewis (Chief Accounting Officer & Controller)

Mr. Joseph W. Cavaliere (Group Pres of Global Innerwear)

Mr. Thomas C. Robillard Jr. (Chief Investor Relations Officer)

Ms. Tracy M. Preston Esq. (Gen. Counsel, Corp. Sec. & Chief Compliance Officer)

Ms. Kristin L. Oliver (Chief HR Officer)

Mr. Gerald W. Evans Jr. (Advisor)

Mr. W. Howard Upchurch Jr. (Group Pres of Innerwear Americas)

Recognition and Awards
HanesBrands has been named one of the world’s most ethical companies by the Ethisphere Institute for 11 consecutive years, most recently in 2020.
References

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Hanesbrands
Leadership team

Mr. Stephen B. Bratspies (CEO & Director)

Mr. Michael P. Dastugue (Chief Financial Officer)

Mr. Michael E. Faircloth (Group Pres of Global Operations)

Products/ Services
Consumer Goods, E-Commerce, Retail
Number of Employees
Above 50,000
Headquarters
Winston Salem, North Carolina, United States
Established
1901
Company Registration
SEC CIK number: 0001359841
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
HBI
Social Media