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: The White House

Textiles | On 21st May 2018

China, US put trade war on hold

Following weeks of uncertainty over imposition and counter-imposition ...

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Ritu Kumar
Label Ritu Kumar

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search