The closure next month of an Arkansas hosiery manufacturing plant will bring an end to Hanesbrands’ claim of stateside cut-and-sew production.
The Champion owner’s Clarksville hosiery production facility will close “at the end of September,” the Winston-Salem, N.C.-headquartered basics maker confirmed Thursday. The decision is related to the “ongoing process” around the plans Hanesbrands announced early last year to sell its domestic sheer hosiery business.
“We thank our associates in Clarksville for their contributions to HanesBrands and are committed to working closely with them to provide support through the transition,” the company said in a statement. The facility employed 230, according to company data. A Clarksville government official did not return a request for comment.
Hanesbrands ran into some trouble last year when wholesale partners’ inventory problems created overhang for the North Carolina company. In a February research note, Wells Fargo analyst Ike Burochow issued a warning that Hanesbrands could potentially breach debt obligations, especially with rising interest rates ratcheting up the pressure.
Despite Hanesbrands’ plans to terminate operations in Clarksville, others continue investing in U.S. production. Mississippi recently got a new footwear manufacturing investment while North Carolina continues attracting new and growing business.
