Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

HanesBrands, Penn State Extend Apparel Partnership

HanesBrands Inc (NYSE:HBI) and Penn State signed a multi-year extension of their current apparel partnership, giving HBI exclusive rights in the…
byShivani Kumaresan
May 15, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • HanesBrands Inc (NYSE:HBI) and Penn State signed a multi-year extension of their current apparel partnership, giving HBI exclusive rights in the mass retail channel. The financial terms were not disclosed.
  • The global apparel company, which owns the Champion and Hanes brands, has a decades-long partnership with Penn State.
  • Penn State joins the University of Michigan, Clemson, Auburn, N.C. State and more than two dozen other schools that have exclusive mass retail partnerships with HBI.
  • In addition to the mass retail channel, the partnership includes collaborative retail activations marking key rivalries and events.
  • “In addition to our partnership in the mass retail channel, iconic Champion apparel will be available to Nittany Lion fans on campus and around the world,” said John Fryer, HanesBrands President of Licensed Sports Apparel.
  • Price Action: HBI shares are trading higher by 0.37% at $4.06 on the last check Monday.
  •  

 

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Kohl’s Q1 Earnings: Revenue And Profit Miss, Outlook Cut, Stock Tumbles

By Shivani Kumaresan
May 30, 8:33 AM
Kohl's shares dropped as Q1 FY24 earnings fell short. Sales declined by 5.3% to $3.178 billion, missing the $3.335 billion estimate. Comparable sales dipped 4.4%, and EPS of $(0.24) missed the $0.03 consensus. The company slashed its FY24 sales growth outlook to a decline of (2%) - (4%), with EPS guidance lowered to $1.25 - $1.85.

KSS