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Activewear retailer Hanes makes it to Fortune 500 list

17 Jun '15

3 min read

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

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