HanesBrands has "Substantially Completed" Discontinuation of its Outer Banks and Private-label Operations

As part of its recent third-quarter results press release, HandsBrands Inc. announced that it has "substantially completed" the discontinuation of its private-label and Outer Banks domestic operations. From the press release:

"On May 30, Hanes sold its European imagewear business, and the company has substantially completed the discontinuation of its private-label and Outer Banks domestic imagewear operations serving wholesalers that sell to the screen-print industry. In accordance with GAAP requirements, the company reported results for the second and third quarters on a continuing-operations basis and revised prior-period results to reflect continuing operations. The company's branded printwear operations will continue to operate and serve the branded domestic screen-print market."