HanesBrands (NYSE: HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company’s iconic brands are Hanes, the leading basic apparel brand in the United States; Champion, an innovator at the intersection of lifestyle and athletic apparel; and Bonds, which is setting new standards for design and sustainability. HBI employs 51,000 associates in 32 countries and has built a strong reputation for workplace quality and ethical business practices. The company, a longtime leader in sustainability, launched aggressive 2030 goals to improve the lives of people, protect the planet and produce sustainable products. HBI is building on its unmatched strengths to unlock its #FullPotential and deliver long-term growth that benefits all of its stakeholders.
The company sells T-shirts, socks, bras, panties, shapewear, men’s underwear, children’s underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain. HanesBrands products are sold everywhere consumers shop: at mass-merchandise, mid-tier, department-store, college bookstores, dollar-stores, food and drug, and club-store retailers, as well as directly to consumers via the Internet and nearly 1,000 company-owned retail stores worldwide.
Unlike most apparel companies, HanesBrands owns the majority of its worldwide manufacturing facilities, producing approximately 80 percent of the apparel it sells.
HanesBrands takes pride in its strong reputation for ethical business practices. 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 and has been named Forbes Best Large Employer. The company is an 11-time honoree of the U.S. Environmental Protection Agency Energy Star.
Key Facts
- Net Sales (2020): $6.7 billion (No. 432 on Fortune 500 List)
- Approximately 51,000 associates in 32 countries
- Headquarters: Winston-Salem, North Carolina, U.S.
- Publicly traded on the New York Stock Exchange as “HBI”
- Chief Executive Officer: Stephen B. Bratspies
- Corporate website: www.Hanes.com/corporate
- Corporate Social Responsibility website: www.HBISustains.com
Full Potential
The company’s Full Potential plan is an ambitious strategy put in place to help HanesBrands reach its mission of becoming the most admired, consumer-centric everyday apparel company in the world.
To achieve this goal, the Full Potential plan identifies 20 strategic initiatives in which the company has set focus on four key pillars to drive growth and enhance long-term profitability:
- Grow Global Champion
- Re-ignite Innerwear Growth
- Drive Consumer-Centricity
- Focus Our Portfolio
World-Class Supply Chain
- By owning the majority of its supply chain, the company enjoys a competitive advantage in terms of cost, scale, flexibility and compliance with best-in-class management practices.
- The company operates a balanced supply chain across hemispheres, including fabric production, cut parts and sewing.
- Americas/Caribbean
- Dominican Republic, El Salvador and Honduras: underwear, intimates, socks, hosiery and activewear.
- Asia
- Indonesia, Philippines, Thailand and Vietnam: underwear and intimates.
- United States: socks, hosiery and specialty fabrics.
Acquisitions
HanesBrands has made seven acquisitions of commercial apparel companies since 2010.
- 2010 – Acquired Gear for Sports, a leading producer and seller of licensed logo apparel in collegiate bookstores in the U.S.
- 2013 – Acquired Maidenform Brands, a leading seller of bras, shapewear and panties.
- 2014 – Acquired DBApparel (Hanes Europe Innerwear), a leading seller of bras, hosiery and underwear under brands, including DIM, Abanderado, Nur Die/Nur Der, Playtex and Wonderbra.
- 2015 – Acquired Knights Apparel, a leading seller of licensed collegiate logo apparel in the mass - retail channel.
- 2016 – Acquired Pacific Brands (Hanes Australasia), a leading marketer of bras, panties, underwear, babywear, and socks in Australia, New Zealand, and elsewhere, under a portfolio of leading brands, including Bonds, Berlei and Sheridan.
- 2016 – Acquired Champion Europe, which owns the trademark for the Champion brand in Europe, Middle East and Africa.
- 2016 – Acquired GTM Sportswear, a leading seller in custom decorated teamwear and fanwear in the high school channel.
- 2017 – Acquired Alternative Apparel, a better basics lifestyle brand that sells T-shirts, fleece and
other tops and bottoms.
- 2018 – Bras N Things, a leading seller of proprietary bras, panties and lingerie sets in Australia
online and through retail stores. Also operates stores in New Zealand and South Africa.
Hanes
Hanes is America’s No. 1 apparel brand, found in 9 out of 10 American households, and is sold internationally including in Canada, Mexico, Japan and Philippines. Hanes gave birth to the great American T-shirt. Other products include men’s underwear, kids’ underwear, bras, panties, socks, T-shirts, fleece and sheer hosiery. Innovations include Tagless, ComfortBlend, X-Temp, Fresh IQ and ComfortFlex Fit. www.hanes.com
Champion
Champion offers authentic, high-quality athletic apparel around the globe, including North America, Europe, Japan and Australia. The brand is the originator, innovator and market leader in sports bras. In addition to sports bras, Champion offers high-performance
T-shirts, tanks, shorts, pants, hooded sweatshirts, team uniforms, socks, underwear and accessories. www.championusa.com
Maidenform
An intimate apparel leader since 1921, Maidenform offers comfortable, stylish and innovative bras, panties and shapewear to women with an active lifestyle, a sense of style, and an appreciation for the way they look.
Bali
Bali is the No. 1 department store bra brand in the United States and also sells panties and shapewear. Bali and Playtex brands, now use four or five Smart Size seamless bra sizes to replace up to 16 traditional sizes. https://www.onehanesplace.com/comfortrevolution
Playtex
The iconic Playtex brand is America’s No. 1 plus/full-figure bra brand. www.playtexfits.com
Just My Size
Plus-size apparel available at Walmart, HanesBrands outlet stores and websites. JMS, Bali and Playtex innovation includes ComfortFlex Fit bras with Smart Size technology that replaces the need for complex cup-and-band sizing. www.justmysize.com
Wonderbra
Founded in Canada in 1939, Wonderbra is Canada’s largest bra brand and leading seller of push-up styles in the United Kingdom, Europe and South Korea. www.wonderbra.ca
Bonds
An iconic century-old brand, Bonds holds the No. 1 market share for men’s, women’s, and children’s underwear, babywear and socks in Australia. Bonds is also a leading seller in bras, activewear T-shirts and fleece. www.bonds.com.au
Bras N Things
A leading seller of proprietary bras, panties and lingerie sets in Australia online and through retail stores. Also operates stores in New Zealand and South Africa. www.brasnthings.com