By  on February 16, 2012

A torrent of retail de-stocking activity, comparable in intensity to the aftermath of the 2008 financial crisis, took a heavy toll on Hanesbrands Inc.’s fourth-quarter sportswear business, pushing down quarterly revenues and pulling profits below expectations.

Richard Noll, chairman and chief executive officer of the Winston-Salem, N.C.-based apparel giant, said the quarter began with sales at the company and the sell-through of its products at retail conforming to expectations.

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