Home / Knowledge / News / Apparel/Garments / Activewear retailer Hanes makes it to Fortune 500 list
Activewear retailer Hanes makes it to Fortune 500 list
17
Jun '15
US innerwear and activewear retailer HanesBrands said it has made it to Fortune 500 list of America’s largest companies for the first time and is one of just five apparel companies on the Fortune 500.

“Hanes ranks no. 490 on the list of largest American public companies by revenue published in the Fortune magazine,” HanesBrands informed in a press release.

Hanes made it to the list after posting record sales of $5.32 billion in 2014, up 15 per cent over sales in 2013.

“We’re proud of our continuing growth success that has allowed us to make the Fortune 500 in the same year that we joined the S&P 500,” Hanes chairman Richard Noll said.

“The recognitions reflect the success of our ‘Innovate-to-Elevate’, global supply chain and acquisition strategies and the smart use of free cash flow to create value,” he added.

In March, S&P Dow Jones Indices added Hanes to the S&P 500 stock market index designed to reflect the US economy through leading large-cap companies in leading industries.

According to Hanes, by several measures, Hanes ranks higher than its revenue ranking compared with Fortune 500 companies in 2014.

For 2014, with a 61 per cent total return to shareholders, it ranked no. 17 and having delivered 36.5 per cent rate of annual total return to shareholders over the past five year, it ranked no. 20.

Hanes was ranked no. 341 for profit and ranked no. 211 for profit as a percentage of sales by Fortune magazine.

Hanes added that its profit growth of 22.4 per cent exceeded the Fortune 500 median of 9.9 per cent and its sales growth of 15.1 per cent exceeded the Fortune 500 median of 4.3 per cent.

HanesBrands has a strong portfolio of brands which include Hanes, Champion, Playtex, DIM, Bali, Maidenform, Flexees, JMS/Just My Size, Wonderbra, Nur Die/Nur Der, Lovable and Gear for Sports.

The company sells T-shirts, bras, panties, shapewear, men’s underwear, children’s underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain.

The company is the only apparel producer to ever be honored for its workplace practices in Central America and the Caribbean by the Great Place to Work Institute.

From 2012 through 2015, Hanes has been a U.S. Environmental Protection Agency Energy Star Sustained Excellence Award winner and was a Partner of the Year award winner in 2010 and 2011. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search