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...S&P 500′s gainers: Nordstrom’s was up 6.4 per cent Kohl’s up 5 per cent L Brands up 4.3 per cent Gap up 3.6 per cent Best Buy up 2.6 per cent Macy’s up 2.4 per cent Urban Outfitters, Target and Hanesbrands...
...Hanesbrands was the biggest decliner on the S&P 500, falling more than 15 per cent to $24.96, after the retailer issued a 2016 sales outlook that missed analysts’ expectations....
...Traders bid Hanesbrands up 14.6 per cent to $31.64. The clothing maker logged better than expected quarterly profits and sales, and also increased its profit view for the full year....
...Coach advanced 1.5 per cent to $31.93, PVH gained 2.5 per cent to $114.52 and Hanesbrands rose 1.8 per cent to $30.32. Michael Kors, however, decreased 0.6 per cent to $43.37....
...For many of the FT’s ranked teams such as those at Gap, Hanesbrands and The Hershey Company, the role includes having an ethical function within the business....
...Hanesbrands shares advanced 3 per cent to $33.58, after the S&P Dow Jones Indices said the US clothes marketer will replace Avon Products in the S&P 500, after the close on March 20....
...HanesBrands has agreed to buy DBApparel for €400m ($550m), giving the US underwear maker global rights to the Wonderbra and Playtex brands as part of its push into new markets....
...By all accounts, Maidenform nicely buttresses the existing Hanesbrands product line....
...Sara Lee climbed 4.1 per cent to $14.78, while Hanesbrands climbed 6.6 per cent to $21.11 on its first day of trading on the New York Stock Exchange. Homebuilders were affected by interest rate fears....
...Last month the company spun off Hanesbrands, and in June it agreed to sell its European meats business to Smithfield Foods for $575m....
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