Faced with an operating environment that is weighing on its near-term performance in both innerwear and activewear, Hanesbrands is taking numerous actions to revitalize an activewear segment that includes its Champion business. Anticipating “a challenging consumer environment” for a period of time, HBI has reduced its SKU count by more than 40% to help improve productivity metrics, lower costs, improve inventory quality and create space for new product launches. Inventories were up 35% to nearly $2.14 billion at third quarter end compared to Jan. 1, but the company is on track ... Log in to view full article.