×
46
Fashion Jobs
LEVI'S
HR Operations Specialist
Permanent · Singapore
ESTÉE LAUDER
Manager, Integrated Marketing, Travel Retail Apac
Permanent · Singapore
LEVI'S
Digital Selling Operations Manager
Permanent · Singapore
ESTÉE LAUDER
Regional Education Manager, Adf, Aveda, Lab Series, Origins, Travel Retail Apac
Permanent · Singapore
ESTÉE LAUDER
Marketing Executive, la Mer, Travel Retail Apac
Permanent · Singapore
ESTÉE LAUDER
Assistant Marketing Manager, Mac, Travel Retail Apac
Permanent · Singapore
SHISEIDO
Travel Retail - Brand Manager, Prestige (Ipsa/The Ginza/Baum)
Permanent · Singapore
SHISEIDO
Singapore - Marketing Manager, Nars
Permanent · Singapore
SHISEIDO
Singapore - General Manager, Prestige Division
Permanent · Singapore
SHISEIDO
Asia Pacific - Regional Marketing Manager, Shiseido
Permanent · Singapore
SHISEIDO
Asia Pacific - Regional Marketing Manager, Laura Mercier
Permanent · Singapore
SHISEIDO
Travel Retail - Finance Analyst
Permanent · Singapore
LEVI'S
Regional Total Rewards Manager
Permanent · Singapore
LEVI'S
Manager, Trade Compliance - Regional
Permanent · Singapore
L'OREAL GROUP
Regional E-Commerce Business Data Analyst
Permanent · Singapore
LULULEMON
Key Leader | i12 Katong
Permanent · Singapore
LULULEMON
Educator | Singapore i12 Katong
Permanent · Singapore
LULULEMON
Assistant Manager | i12 Katong
Permanent · Singapore
SHISEIDO
Travel Retail - Store Design And Visual Merchandising Operations Executive
Permanent · Singapore
SHISEIDO
Travel Retail - Visual Merchandising Assistant Manager, Prestige, Cpc & Fragrance
Permanent · Singapore
SHISEIDO
Asia Pacific - Finance Executive
Permanent · Singapore
SHISEIDO
Singapore - Demand & Supply Planning Assistant Manager
Permanent · Singapore
Published
May 12, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

HanesBrands Q1 sales jump 25%, bets on Champion

Published
May 12, 2021

HanesBrands announced on Tuesday a 25 percent jump in net sales for the first quarter ended April 3, 2021. 

HanesBrands Q1 sales jump 25%, bets on Champion. - Facebook: Champion


Net sales totaled $1.51 billion, compared with $1.2 billion for the period ended March 28, 2020 thanks to double-digit growth in both its global innerwear and activewear businesses.

U.S. innerwear sales of $570 million increased 35 percent over the prior year, while U.S activewear sales increased 26 percent to $364 million, driven by growth in the online channel, including champion.com.

Coinciding with first-quarter results, the global leader in iconic apparel brands announced a new three-year growth plan designed to drive approximately $1.2 billion in incremental revenue and expand operating margins to 14.3 percent by 2024.

Dubbed 'Full Potential', the plan puts all bets on the Champion brand by investing in key geographic markets, expanding into women’s and kids’ apparel and casual footwear, and creating a premiere online experience at Champion.com.

More specifically, the plan calls for Champion to become a $3-billion global brand by 2024, representing a 14 percent compound annual growth rate (CAGR) from projected 2021 sales of approximately $2 billion.

The plan will equally drive renewed innerwear growth with marketing that appeals to younger consumers and by expanding its e-commerce and digital capabilities. The company expects global innerwear revenue growth of approximately $200 million through 2024, driven by sales in the United States and Australia. 

Finally, HanesBrands will expand its e-commerce and digital capabilities to deliver a seamless consumer experience to drive growth with retail partners and in online channels.

“HanesBrands is an amazing company with a portfolio of strong, iconic brands and significant and sustainable competitive advantages,” said CEO Steve Bratspies. 

“Full Potential builds on these advantages to deliver approximately $1.2 billion in topline growth as well as improved profitability over the next three years. We are putting the consumer at the center of everything we do. We’ll do this by investing in innovation that delivers products that meet consumers’ needs and by creating a seamless experience that lets consumers shop for our products how, when and where they want to shop.”

Copyright © 2021 FashionNetwork.com All rights reserved.