Hanesbrands slumps to third quarter loss

Winston Salem - Activewear and hosiery manufacturing giant HanesBrands slumped to a loss in its third quarter with the challenging global macroeconomic environment continuing to pressure the company’s sale performance.
Net sales from continuing operations were down 9.5% to US$1.51 billion while the loss from continuing operations was $39 million, down from $80 million in the same period last year.