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...
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on pandemic supply chain pivots, cross-border conversion and peer-to-peer (P2P) payments. Top News...
Clothing brand Hanes jumped from producing T-shirts to fighting the global personal protective equipment (PPE) shortage by manufacturing 200 million face coverings and counting. But transitioning production required leveraging local supply chains and restarting shuttered factories, says Vice President Matt Hall. In the PPE Supply...
The COVID-19 pandemic is creating a surge in demand for personal protective equipment (PPE) like face masks and gloves. Such items keep essential workers as well as the public safe from contracting or spreading the virus, and countries around the world have been scrambling to...
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 […]
June 15, 2020
The COVID-19 pandemic is creating a surge in demand for personal protective equipment (PPE) like face masks and gloves. Such items keep essential workers as well as the public safe...
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 […]
