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