Hanesbrands Inc. topped off a difficult year with a strong fourth quarter led by its Champion brand, which has posted double-digit sales growth for three consecutive years.
In the fourth quarter ended Dec. 29, income jumped 109.3 percent to $49.8 million, or 52 cents a share, from $23.8 million, or 25 cents, in the same year-ago period. Sales rose 2.4 percent to $1.16 billion from $1.13 billion.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"