HanesBrands seems to conserve cash (NYSE:HBI)

Hanesbrands (NYSE:HBI) states the activities it is taking to improve its cash position comprise restricting discretionary spending, decreasing executive pay, handling inventory and leveraging the corporation’s e-commerce company throughout the internet channel.

As a part of its pandemic answer, Hanesbrands can be diversifying manufacturing to include facial masks.

All 1.2K manufacturer shops in the U.S., Europe and Australia are closed on a temporary foundation. Retail shop workers have resorted to furloughed standing with lots of benefits. The business intends to call them fulltime and part-time workers back to work when shops could be emptied.

Source: Press Release

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