Hanesbrands Inc
(336) 519-8080
news
release
FOR IMMEDIATE RELEASE
News
Media, contact: Matt
Hall, (336) 519-3386
Analysts
and Investors, contact: Brian
Lantz, (336) 519-7130
HANESBRANDS INC. SENDING 2,000 TENTS TO
Two
WINSTON-SALEM, N.C. (Feb. 4, 2010) – Hanesbrands Inc. (NYSE: HBI) today announced that it has secured 2,000 tents to donate to employees of its contract sewing operations in Haiti as part of the company’s efforts to help feed, clothe, shelter and employ thousands of earthquake victims.
The family-sized tents, purchased for $250,000, are in transit to the port of Miami and are expected to arrive in Haiti late next week for distribution to the families of employees in need in Port-au-Prince.
“Our contractors have done heroic work, supplying food and
humanitarian aid to workers, getting their operations functional again and
putting employees back to work,” said Gerald Evans, Hanesbrands’ president,
international business and global supply chain. “Many
employees have requested tents for their families to seek shelter because their
homes have been rendered uninhabitable or they fear returning to damaged homes.
With the help of others, we have expedited the process for finding, securing
and transporting tents to our contract partners in
The company has two primary sewing contractors in
“We are proud of the efforts of our contract partners and the
outpouring of support from Hanesbrands employees around the world, including in
the Caribbean basin, Central America and
Hanesbrands is partnering with Seaboard Marine to ship the
tents from
“We appreciate the help of our partners, including the
governments of
Hanesbrands is also sending regular shipments of food, water
and other supplies from its Dos Rios fabric textile plant in
In total, Hanesbrands expects to donate more than $3 million
in cash, in-kind donations of clothing, and supplies of tents, food and water
to help the contract workers and the general population of
Hanesbrands is also arranging the transportation to
Hanesbrands is supporting the American Apparel & Footwear
Association’s Haiti-AAFA Recovery and Reconstruction Team, a task force that
will provide key industry insights as relief operations continue and
reconstruction planning begins in
Hanesbrands expects to return to pre-earthquake levels of
T-shirt production by mid-February. The
T-shirt production in
Cautionary
Statement Concerning Forward-Looking Statements
Statements in this press release that are not
statements of historical fact are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including
those regarding our long-term goals and trends associated with our business, our
recently completed debt refinancing, and the net retail space gains that have
been secured for 2010 and the expected impact of the space gains. These forward-looking statements are made only as of the date of this
press release and are based on our current intent, beliefs, plans and
expectations. They involve risks and uncertainties that could
cause actual future results, performance or developments to differ materially
from those described in or implied by such forward-looking statements. These risks and uncertainties include the following: ourability to execute our
consolidation and globalization strategy, including migrating our production
and manufacturing operations to lower-cost locations around the world; our ability to successfully manage social, political,
economic, legal and other conditions affecting our foreign operations and
supply chain sources; the impact of natural disasters; current economic
conditions; consumer spending levels; the risk of inflation or deflation;
financial difficulties experienced by, or loss of or reduction in sales to, any
of our top customers or groups of customers; gains and losses in the shelf
space that our customers devote to our products; our debt and debt service
requirements that restrict our operating and financial flexibility, and impose
interest and financing costs; the financial ratios that our debt instruments
require us to maintain; failure to protect against dramatic changes in the
volatile market price of cotton; the impact of increases in prices of other
materials used in our products and increases in other costs; our ability to
effectively manage our inventory and reduce inventory reserves; retailer
consolidation and other changes in the apparel essentials industry; the highly
competitive and evolving nature of the industry in which we compete; our
ability to keep pace with changing consumer preferences; costs and adverse publicity from violations of labor or
environmental laws by us or our suppliers; and other risks identified
from time to time in our most recent Securities and Exchange Commission
reports, including the 2008 Annual Report on Form 10-K, quarterly reports on
Form 10-Q and current reports on Form 8-K, registration statements, press
releases and other communications. The
company undertakes no obligation to update or revise forward-looking statements
to reflect changed assumptions, the occurrence of unanticipated events or changes
to future operating results over time.
About Hanesbrands
Hanesbrands
Inc. is a leading marketer of everyday apparel essentials under some of the
world’s strongest apparel brands, including Hanes, Champion, Playtex, Bali, JMS/Just My Size,
barely there and Wonderbra. The company sells T-shirts, bras, panties,
men’s underwear, children’s underwear, socks, hosiery, casualwear and
activewear produced in the company’s low-cost global supply chain. Hanesbrands has approximately 45,000
employees in more than 25 countries. More information about the company may be
found on the Hanesbrands Internet Web site at www.hanesbrands.com.
# # #