Hanesbrands Inc. Says China Currency Fluctuation Policy Will Not Have Material Effect on the Company

WINSTON-SALEM, N.C., Jun 23, 2010 (BUSINESS WIRE) -- Hanesbrands Inc. said today that China's decision to allow fluctuation of the Renminbi/yuan currency value will not have a material effect on company performance and will not alter the company's global supply chain advantages, including its East Asia manufacturing hub.

Currency fluctuation is just one of many variables the company continually manages around the world, including commodity costs, labor inflation, trade laws, and product sourcing. Last week, China announced that it would reform its Renminbi exchange rate regime and increase exchange rate fluctuation flexibility.