Operating profit for Hanesbrands’ Activewear segment fell 54% to $24,853,000 from $53,491,000 for the period ended Sep. 30, as sales tumbled 17% to $383,600,000 from $461,043,000. The segment experienced declines across most channels and brands that were driven by ongoing category headwinds, soft consumer demand and excess channel inventory. Champion sales in the U.S, which fell by 16%, were affected by the short-term impact from the group’s ongoing strategic actions designed to strengthen the brand for long-term profitable growth by adopting a more disciplined product and channel segmentation approach. Global Champion ... Log in to view full article.