HanesBrands says retailers’ decisions to reduce inventories has led to a slump in sales. The apparel maker reported quarterly earnings Thursday (Feb. 2) showing that innerwear sales had fallen 19% compared to the year before. “The year-over-year sales performance was driven by macroeconomic pressures that...
April 20, 2023
At this point, the lack of product selection amid an inflationary environment has a chicken-and-egg feel to it. As reported earlier this month by The Wall Street Journal, merchants and manufacturers across nearly all retail sectors have hit the brakes on new product lines and innovations. At first, this pause was likely due to the […]
February 02, 2023
HanesBrands says retailers’ decisions to reduce inventories has led to a slump in sales. The apparel maker reported quarterly earnings Thursday (Feb. 2) showing that innerwear sales had fallen 19% compared to the year before. “The year-over-year sales performance was driven by macroeconomic pressures that weighed on consumer spending as well as the continued impact […]
